Financing Renewables and Competition with Hydrocarbon fuels, Thursday 3rd October 2019
October Meeting with Francesco La Camera, Director-General, International Renewable Energy Agency (IRENA), UAE
The London Energy Club met on 3 October 2019 to discuss the current major issue of financing renewables and their strong competition with fossil fuels.
There was considerable tension around the table, which brought together key energy companies and financial institutions, while discussing the ascendancy of renewables and the relative decline of fossil fuels; in particular coal, oil and gas. Most speakers and participants were concerned about potentially significant disruptions and underlined the need for a smooth energy transition. There was no consensus as to how this would be achieved, given the global speed of change and the current inability of government and business leaders to tackle this complex set of issues in a direct and skillful manner.
We are grateful to the following speakers who initiated the discussions:
- Francesco La Camera, Director-General, International Renewable Energy Agency (IRENA), UAE
- Harry Boyd-Carpenter, Head of Energy, European Bank for Reconstruction and Development
- Noël Mboumba Boumba, Minister of Oil, Gas and Hydrocarbons, Gabon
- Adam Sieminski, President, King Abdullah Petroleum Studies and Research Centre (KAPSARC), Saudi Arabia, and former EIA Administrator of the US Department of Energy
For further information on membership of the London Energy Club, please contact: