Convening industry networks for climate change solutions

EnergyCC convenes already existing industry organisations in the oil & gas industry (e.g. Oil & Gas Council, the Energy Institute UK), the mining industry (e.g. ICMM), renewables companies, finance and investor groups (e.g. IFC) whose member companies are working on climate change. The aim is to share practical examples and policy frameworks, encourage collaborative joined-up industry projects to scale up action to support the COP21 Paris Agreement and to create new jobs for societies.

See for an overview of our work:
https://energycc.com/blogs/opportunities-to-reduce-methane-emissions-from-oil-and-gas-operations.html

Working together for COP21, EnergyCC catalyses the energy industry and investors to significantly scale up action:

  • Address climate change risks on assets and supply chains, including ways to mitigate those (climate change adaptation)
  • Optimise energy efficiency and reduce emissions of large industry assets - mining, petrochemicals, E&P, power, renewables, with participation of both the financial and insurance sectors
  • Seek multipliers for smaller renewable energy projects already under implementation/on sale to majors as is done in the mining industry with junior explorers
  • Enhance and accelerate learning through sharing of practical examples identified by the respective networks of best/failed practices across industries (‘warts and all’). Build on the respective strengths of each of the energy industries
    • The O&G, mining industries operate billion dollar projects, have deep engineering expertise
    • Renewables have technologies but are not operating at the scale needed to meet COP 21 targets
    • Investors have funds but say proposed projects are not ‘large enough’ or ‘shovel ready’.
  • This cross-sector industry learning platform creates new business opportunities with these benefits: jobs, risk mitigation, asset optimisation, Joint Industry Projects (JIPs), supporting regulatory frameworks for new investments
  • Starts in Singapore (focusing on SEA & AU) with the aim to grow this model globally

“We need to scale up industry action on the Paris Agreement (COP21). I strongly support EnergyCC’s efforts to link up already existing industry organisations with investors. This will speed up learning across industries by sharing practical examples and policy frameworks. EnergyCC is an important enabler in replicating and scaling up joint industry projects to support the Paris Agreement.”

– Sir Mark Moody-Stuart

Quick Facts

Estimates from satellite data show global gas flaring increased to levels not seen in more than a decade, to 150 billion cubic meters (bcm), equivalent to the total annual gas consumption of Sub-Saharan Africa. The 3% rise, from 145 billion cubic meters (bcm) in 2018 to 150 bcm in 2019, was mainly due to increases in three countries: the United States (up by 23%), Venezuela (up by 16%), and Russia (up by 9%).

Global Gas Flaring Jumps to Levels Last Seen in 2009, The World Bank, GGFR, August 2020

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Convening industry networks for climate change solutions