Chair’s Opening Address

Robert Nisbet

Partner

5654 & Company

Ministerial address

H.E. Maria da Graça Carvalho

Minister of Environment and Energy

Republic of Portugal

Official Opening Address

Willie L. Phillips

Chairman

Federal Energy Regulatory Commission (FERC)

Session 1 – Global Energy Strategy Panel: Accelerating the energy transition through supportive policy

The global polycrisis has evolved perspectives surrounding energy security, affordability and sustainability. Energy affordability is now at the top of government agendas around the world. Energy security is now inclusive of energy supply paired with the need to develop diversified energy mixes. Energy sustainability now encompasses clean energy beyond decarbonisation, with investment and supportive policy playing a role in fostering the development of new clean energy technologies while also protecting traditional sources and infrastructure. A combination of recent policies like the US Inflation Reduction Act and the European Green Deal are accelerating towards the tripling of renewable energy capacity and doubling of energy efficiency in line with COP28 commitments.

• What opportunities do policymakers have to remove barriers for approvals, permitting and scale-up
  of clean energy projects that will facilitate a secure and sustainable energy future?
• The EU Energy Platform played a role in coordinating EU negotiations with external gas suppliers to
  facilitate access to affordable energy and avoid energy supply disruptions. What impact has this
  model had at the country level and what are projections for the future?

Audience Insights:

The evolving perspectives on energy security, affordability, and sustainability, including how recent policy developments shape opportunities for policy makers, industry stakeholders, and energy consumers to navigate towards a secure, sustainable energy future.

Julia Reinaud

Senior Director, Europe

Breakthrough Energy Europe

Joao Faria Conceicao

Chief Operating Officer

REN

Giulia Chierchia

Executive Vice President, Strategy, Sustainability and Ventures

bp

Networking Coffee Break

Session 2 - Mediterranean region: energy interconnections and integration of renewables in the electricity grid

In the Mediterranean, countries are focused on ambitious decarbonisation strategies to meet 2030 greenhouse gas (GHG) emissions targets and integrate renewables into the grid. Notably, green electricity exchanges represent a significant infrastructure investment. The importance of international cooperation is evident in the Sustainable Energy Trade (SET) Roadmap, initiated among France, Germany, Morocco, Portugal, and Spain during COP22 in Marrakech (2016). At COP27, a Memorandum of Understanding (MoU) was signed to implement electricity market integration. Portugal and Spain aim for 15% interconnection by 2030, with established interconnections between Spain/France and Morocco/Spain, and a Morocco/Portugal feasibility study underway.  

•                 What are the key challenges and opportunities for electricity interconnection? 
•                 How will interconnections drive the integration of renewable energy into the grid? 
•                 How have the action plans progressed?  

Audience Insights:

An update on decarbonisation and renewable energy in the Mediterranean, including challenges and opportunities in green electricity exchanges. Gain insight into international cooperation like the "SET Roadmap" for cross-border energy trade in the region.

Grammenos Mastrojeni

Senior Deputy Secretary General

Union for the Mediterranean

Jerónimo Cunha

Director General

Directorate-General for Energy and Geology, Portugal

M. Tarik Hamane

Acting Chief Executive Officer

Masen, Morroco

Session 3 - A balanced approach to delivering a resilient energy transition inclusive of industrial and other hard-to-abate sectors

Global economic turbulence and geopolitical tensions highlight the complexities and trade-offs at the core of the energy transition. A balanced approach is needed to deliver a resilient energy transition that encompasses energy affordability, security and sustainability. Multifaceted energy mixes and import diversification will be critical in pursuing long-term net zero commitments while responding to short-term needs. Energy security and sustainability priorities may be aligned through investments in clean energy sources, as well as demand-side measures like energy efficiency. It is also critical to take action on energy-intensive industries, which will require ambitious, collaborations across the entire energy value chain, multiple industries and the wider
industrial ecosystem of stakeholders.

• In creating secure, affordable, sustainable energy supply, what might a multifaceted energy mixes,
  including wind, solar, hydrogen etc, and import diversification realistically look like going forward?
• How can policymakers incentivise the private investment needed to complement public funding
  to decarbonise hard-to-abate sectors?

Audience Insights:

Discover evolving energy perspectives and the impact of recent policies, such as the US Inflation Reduction Act and the European Green Deal, driving renewable energy expansion and efficiency. Learn strategies for secure, affordable, sustainable energy through diversified mixes and private investment in decarbonisation.

Gabriel Sousa

Chief Executive Officer

Floene

Maxfield Weiss

Executive Director

CDP Europe

Rodolfo Saboia

Director General

ANP - Agência Nacional do Petróleo, Gás Natural e Biocombustíveis

Networking Lunch Break

Session 4 – The opportunities created through global offshore wind ambitions and overcoming the challenges

21 EU Countries have committed to ambitious non-legally binding Wind Pledges under the EU Wind Power Action Plan. These expansive government commitments and technology progress are contributing to the positive outlook. Offshore wind projects, however, involve challenges and risks – including commercial requirements to bid, difficult project economics and the capabilities barriers. Despite challenges, the offshore wind industry has the potential to create significant value across communities and countries while delivering reliable, affordable, sustainable energy. Investment will be needed across the value chain – in organisations, processes, technology and people – to fully realise the potential. 

• Portugal is leading the way on redefining how value chains operate and countries strategically plan their offshore wind projects. 
• Are there infrastructure, distribution or other operational complements available to maximise the impact of regional renewables? 

Audience Insights:

 Explore the Wind Pledges made by 21 EU countries and the challenges associated with offshore wind projects, while acknowledging the potential for value creation and investment requirements. Gain insights from Portugal’s leadership and investigate ways to enhance the impact of regional renewables.

Giles Dickson

Chief Executive Officer

Wind Europe

Robert McGuinness

Director of the Offshore Wind Delivery Taskforce

Department of the Environment, Climate and Communications

Teresa Ponce de Leão

President

LNEG

Networking Coffee Break

Session 5 - Overcoming barriers to successfully implementing and scaling carbon capture and storage

Scaling the carbon capture and storage (CCUS) industry will require action by governments, investors, and industrial sectors. Estimates project that CCUS uptake by 2050 must grow by 120 times for countries to achieve their net zero commitments. Capture at the industrial point source is most important for short- and mid-term decarbonisation. The technology is available, and it has the potential to capture large emissions volumes from hard-to-abate industries with few other decarbonisation options. That said, several challenges must be overcome before CCUS, at the industrial point source, can reach scale, especially around inconsistent policy support, unproven revenue streams and complex cost benefits of scaled projects, to name a few.

• What role can policy play in enabling CCUS projects at a repeatable scale? How do policymakers
  find balance between direct incentives (like shared infrastructure), indirect incentives (such as carbon
  prices), regulatory support (such as permitting) and risk management (like offtakers)?
• How can carbon capture industrial hubs be scaled effectively through value chain coordination
  and collaboration?
• What is the role of EU energy storage at a time of increasing global demand?

Audience Insights:

Understand challenges and solutions for scaling the CCUS industry, including policy’s role in facilitating repeatable projects and coordinating carbon capture hubs. Examine the role of EU energy storage amid global demand, providing valuable perspectives on navigating energy transition policies and collaboration.

Chair's closing remarks

Robert Nisbet

Partner

5654 & Company

Networking Drinks reception

Chair’s Opening Remarks

Robert Nisbet

Partner

5654 & Company

Opening Address

Joseph McMonigle

Secretary General

International Energy Forum

H2Med project update: Connecting Europe’s green hydrogen networks

The H2Med initiative, launched by France, Spain, and Portugal, with support from Germany, aims to connect the hydrogen supply markets of the Iberian Peninsula to Northwest Europe. This project, promoted by Enagás, GRTgaz, OGE, REN, and Teréga, gained momentum with commitments made in 2022 by the European Union and the leaders of the involved nations to accelerate energy interconnections. Hydrogen corridors, such as H2med, are a key element of the European Hydrogen Backbone (EHB). Germany's decision to join in 2023, with OGE officially joining the initiative, highlights the strategic significance of establishing a reliable hydrogen import corridor for Europe.  

• What are the key policy barriers for approvals, permitting and regulation for hydrogen pipeline construction?  
• How have interest rate increases effected the planning and delivery of the project? 

Audience Insights:

Insights into the strategic significance and progress of the H2Med initiative, emphasising key policy barriers, financial impacts, and technical challenges associated with hydrogen pipeline construction and interconnections. Discover more on the commitments made by the European Union and involved nations to accelerate energy interconnections and establish reliable hydrogen import corridors for Europe.

Session 6 - The role of low-emission hydrogen in meeting climate ambitions: Removing barriers to production and stimulating demand

A challenging economic backdrop means policy support for new hydrogen projects is needed to deliver investments. Momentum behind low-emissions hydrogen and announced projects continues to grow but progress is slow as developers wait for government support before making investments. Additionally, demand for low emissions hydrogen lags behind what is needed to meet climate ambitions, including insufficient off-takers to underpin large-scale investments, jeopardising the viability of the entire low-emission hydrogen industry. The best prospects for low-emissions hydrogen use are in hard-to-abate industrial sectors, by replacing hydrogen produced from unabated fossil fuels, but progress has been slow. 

• Regulation and certification remain key barriers to low-emission hydrogen adoption; how can strong international collaboration facilitate solutions? 
• How can we encourage action in the private sector, combining support measures with regulations stimulate the adoption of low-emission hydrogen in existing applications? How can they be complemented in priority sectors such as steel, shipping, transport and more?  

Audience Insights:

Understand the obstacles facing new hydrogen projects, including the need for government support, insufficient demand, and regulatory barriers, as well as exploring strategies for overcoming these challenges through international collaboration and proactive engagement from the private sector.

Biraj Borkhataria

Managing Director, Head of European Energy Research

RBC Capital Markets

Rui Falé

Head of Business Development & Commercial for Green Hydrogen

ACCIONAPLUG

Stefan Wenzel

Parliamentary State Secretary

German Federal Ministry for Economic Affairs and Climate Action

Ana Quelhas

H2BU Managing Director

EDP

Networking Coffee Break

Session 7 - The role of technology innovation and policy in advancing heavy industry decarbonisation

Besides their critical role today, heavy industry sectors will provide many of the key inputs required for a sustainable transition of the energy sector (i.e., steel requirements in the creation of wind turbines). But to contribute to a sustainable path toward a clean energy system, industry sector emissions must be substantially reduced despite an increase in demand for their outputs. Technologies and strategies are commercially available today that can play an important role in reducing heavy industry emissions, including technology performance improvements, material efficiency, fuel switching, and the electrification of low- and medium-temperature heat. This will require the development of new partnerships between technology developers, heavy industry and investors. 

• CCUS and hydrogen are both recognised as critical technologies in achieving deep emissions reductions. How can governments incentivise and de-risk their applications in heavy industry to accelerate critical decarbonisation?  
• How could international collaboration better facilitate sector-based emissions reduction or emissions-deterring regulations like carbon border adjustments? 

Audience Insights:

Understand the role heavy industry plays in transitioning to sustainable energy, available emission reduction technologies, and the need for partnerships among developers, industry, and investors. Explore methods to incentivise critical technologies, mitigate risks, and how international collaboration can aid emissions reduction regulations like carbon border adjustments.

Gotzon Gomez Sarasola

Head of Spain & Portugal

H2 Green Steel

Liana Gouta

Director General

FuelsEurope & European Fuel Manufacturers Association

Mona Bhagat

Director of Technology - Energy Transition

KBR

Pedro Barata

Assistant Vice President, Carbon Markets & Private Sector Decarbonisation

Environmental Defense Fund

Session 8 - Establishing a roadmap to zero emission shipping

Due to their location and primary interface with the sea, ports can play a crucial role in the decarbonisation goals of countries and regions, international logistics and strategic import-export value chains, such as those for green hydrogen and its derivatives. They can accelerate sustainable energy systems, and they contribute actively to decarbonisation while boosting the economy.

• How can stakeholders of the value chain finance the energy transition of shipping?
• Decarbonising shipping through natural gas, e-fuels, hydrogen, and ammonia - how can the largest
  hubs in the world facilitate this transformation?
• Decarbonising shipping, transport, and infrastructure - an opportunity to learn more about strategic
  positionings and initiatives.
• Strategies to adopt low-carbon fuel options across the maritime sector

Audience Insights:

Discover the crucial role of ports in advancing decarbonisation goals, international logistics, and strategic import-export value chains, including exploring financing strategies for the energy transition of shipping, and facilitating the adoption of low-carbon fuel options across the maritime sector.

Networking Lunch Break

Session 9 - Opportunities and risk: Mobility’s transition to net zero

A transition to net zero emissions is inclusive of greater demand for electric vehicles (EVs), creating opportunities and risks for businesses and governments around the world. Within the auto industry, a move toward net zero and the future of mobility is already underway as manufacturers accelerate the development of electric, connected and autonomous mobility. At the same time, governments and cities - including the European Commission - have introduced regulations and incentives to support the decarbonisation of transport. Decarbonising mobility would involve major changes including a shift in the mix of vehicles being manufactured and an increase in upfront capital costs for consumers and organisations in the move to EVs and other low emission transport options.

• Several countries have also brought forward timelines for bans on the sales of new vehicles with
  internal combustion engines. How realistic are these timelines and how can consumers be expected
  to comply at a time of global economic crisis?
• What is the anticipated balance between decarbonising vehicles, deploying extensive supportive
  infrastructure and delivering on net zero commitments that begin, in some cases, as early as 2023?

Audience Insights:

Explore differing views on the opportunities and risks involved in moving to net zero emissions. Examine the feasibility of accelerated timelines for phasing out internal combustion engine vehicles and balancing decarbonisation efforts with infrastructure deployment and net zero commitments.

Networking Coffee Break

Session 10 - The future of natural gas: The impact of Europe on global markets

Geopolitical and economic disruptions to global energy markets have emphasised the importance of a multifaceted energy mix, reinforcing the of role natural gas in delivering energy security. Talk of natural gas’ role as a bridging fuel has been replaced by questions around how supply can be secured—now and in the future—and at what price. In particular, reductions in Russian gas flow to Europe have resulted in supply-demand uncertainty and price volatility. In this context, Europe has reshaped global gas markets and sparked a significant increase in LNG regasification capacity as well as some long-term contracting activity. However, uncertainty remains as to how the European gas market will further develop and thus impact global markets. 

• For many gas importers, the energy crisis forced a pause in energy supply diversification and decarbonisation plans in favour of ensuring energy supply security. With decarbonisation targets of 2030 fast approaching, how will gas importers balance energy security priorities with now fast-tracked decarbonisation agendas? What does this mean for natural gas? 
• A more complex energy system, with electrification at its core, raises important questions about the opportunity around retrofitting natural gas infrastructure across the supply chain to accommodate new operating models and net zero ambitions. How might this play out? 

Audience Insights:

The evolving role of natural gas in global energy security amidst disruptions, supply uncertainty, and price volatility, along with challenges in balancing energy security and decarbonisation priorities, and opportunities for aligning natural gas infrastructure with net zero ambitions.

Chair’s Closing Remarks

Networking Drinks Reception

Chair’s Opening Remarks

Robert Nisbet

Partner

5654 & Company

Ministerial Address

Session 11 - Smart cities: Data, planning, building

By 2050, over three-quarters of the world’s population will live in cities. Collaborative efforts are essential to reduce emissions and build resilient, eco-friendly communities. Big data, analytics, and predictive modelling play a crucial role in guiding informed decision-making. Cities are being transformed through embracing technological advancements, decarbonisation principles, and innovative infrastructure strategies. Urban centres lead in securing a sustainable future through progressive policies, renewable energy adoption, and sustainable urban planning.

• How are data-driven insights across industries, governance and society already impacting urban
  decision making?
• How can greener buildings and infrastructure bring cities to a sustainable reality, and towards a
  technologically enabled, balanced urban landscape?
• How resilient are smart cities in a volatile, uncertain, complex, and ambiguous (VUCA) world?
• What key trends and emerging technologies are shaping the future of urban mobility, deliveries,
  and services in cities?

Audience Insights:

Gain insights into the role of collaborative efforts, big data, and technological advancements in fostering sustainable and resilient urban communities. Explore the impact of data-driven insights, green infrastructure, resilience in a volatile world, and emerging technologies on urban decision-making and future mobility trends.

Session 12 - Digitalisation and transformative technology: Driving the energy transition

Digital technologies are a critical lever to energy transition progress and solutions. Policymakers and energy business leaders must simultaneously address rising energy demand that will continue on its trajectory along with the immediate priority of transitioning to the new, multifaceted energy system. Digital technologies have the potential advance agendas from the micro level to a global scale. To do so, however will require collaboration, innovation and tangible action across governments, across the energy value chain and among industries. The results have the potential to transform hard-to-abate industries, create energy efficiencies and enable the reduction and monitoring of GHG emissions.

• When we consider both mature and emerging technologies - from renewables to carbon capture,
  from AI to data intelligence, from smart grids to EVs - which are the ones most likely to affect
  much-needed immediate change and which will deliver more progress in the longer-term?
• How can policy incentivise an investment balance between start-up and ramp-up climate technology
  businesses, the decarbonisation of legacy businesses and hard-to-abate industries, and muchneeded infrastructure?

Audience Insights:

How digital technologies serve as a critical driver for energy transition progress, enabling collaboration and innovation to achieve transformative impacts such as reducing GHG emissions, advancing energy efficiencies, and transforming hard-to-abate industries. Explore the immediate and long-term impacts of mature and emerging technologies, as well as policy strategies to incentivise investment in climate technology
businesses and infrastructure.

Networking Coffee Break

Chair’s Closing Remarks

Robert Nisbet

Partner

5654 & Company

End of The Lisbon Energy Summit & Exhibition 2024