In order to limit warming to 1.5Cº, a global decarbonisation rate of 15.2% year-on-year is needed. In 2021, that rate was just 0.5% – the lowest level for two decades. Bringing together a wide range of stakeholders from across the energy value chain, the GET Congress & Exhibition will emphasise that the desired decrease in emissions does not inevitably translate to an impediment to economic progress by spotlighting prominent alternative energy sources such as LNG, Renewables and Nuclear.
In addition to actively supporting the road to decarbonisation through alternative fuels, the GET Congress & Exhibition will also focus on supercharging other key technologies by highlighting their potential roles in tackling emissions across a wide spectrum of industries – such as the production of cement, iron and steel or chemicals and synthetic fuels. These include, CCUS, biofuels and hydrogen.
As an essential lever for change on the path towards net-zero and its role within the global economy, engaging the financial industry can provide vital access to both capital and talent into investment in innovation, as well as its close relationships with highly influential stakeholders. Participants from the finance sector will include:
- Venture capitalists
- Private equity
- Sovereign wealth funds
Secure, reliable and affordable power is the backbone of society and fundamental for continued economic growth. The journey to net zero for the power sector is particularly relevant, especially since its decarbonisation could facilitate the transition for other sectors that are electrified, aim to electrify, or are in the process of doing so. As such, the coordination between these industries on mutually beneficial low-carbon strategies can be a central point of cooperation during the GET Congress & Exhibition.
Concrete is the most used man-made material on the planet, and is crucial for the construction of the world’s infrastructure. A carbon intensive process, cement production is responsible for 8% of global CO2 and as a result, the industry is increasingly singled out not only by the public, but also by investors and governments, who are demanding environmental impact assessments before committing funding. The cement sector brings opportunities for collaboration and partnerships with companies from other industries, and in particular those targeting investment in new technologies to recycle and decarbonise construction, demolition waste and materials. Carbon Capture, Utilisation and Storage (CCUS) is a key technology to decarbonise cement production.
An industry that both forms the backbone of our modern society and presents a colossal decarbonisation challenge. Relying on high-temperature processes that are difficult to electrify, the steel industry is striving to find the right partners and fuels to lead its low-carbon future. Steel, of course, is also a foundational material in various key technologies that will help deliver decarbonisation, including electric vehicles and wind turbines, as well as advanced manufacturing processes.
While decarbonisation in mining will largely be contingent upon electrification and renewables – a process that has its own, notable challenges – the sector also has a key role to play in the provision of materials and technologies needed to address climate change, including those used for wind turbines, solar and overall electrification. A focus on this industry is vital, in part because the burden on miners of transition metals will be enormous. They will be responsible for fuelling the transformation while investors understand how to deliver the support that the industry needs to do so.
Transport, whether by sea, road or rail or air, is the backbone of trade and commerce, providing a vital service that facilitates global supply chains and moves populations around at scale. Responsible for 25% of global emissions, this essential sector plays an important role in the world’s pathway to net-zero. Advances in electrification and the developing hydrogen market have brought this ambition closer to reality but further innovation and expanded infrastructure are required to scale the transition. The GET Congress & Exhibition will prioritise the challenges of the transport sector, helping representatives to connect across industries and gain access to innovation to drive decarbonisation.
The chemical industry is a key enabler of modern life, producing vital products, such as fertilisers, plastics and coatings for solar panels. The global plastic market is expected to expand at a compound annual rate of 3.7% between 2022 and 2030 whilst recycling plastic waste and investing in sorting and reprocessing facilities would deliver economic benefits of over £3bn across 25 years in the UK alone. The path to reducing emissions from this sector will mirror other industries, with a focus on the use of alternative feedstocks and process decarbonisation, presenting opportunities for cross sector collaboration.
The energy transition will be driven by innovation. With thousands of new start-ups emerging around the world each year, the GET Congress & Exhibition will offer promising entrepreneurs and emerging companies a valuable platform to reinforce their potential for advancing sustainability and engineering ground-breaking decarbonisation solutions by connecting them with investors, partners and diverse stakeholders from a broad spectrum of industries and sectors.