Can We Bridge the $3-4 Trillion Gap to Mobilize the Energy Transition? with DOMINIC EMERY

About this episode

Dominic Emery discusses the urgent need to transition from fossil fuels to achieve net zero emissions by 2050.

“Oil and gas companies, along with any company engaged in the production and burning of fossil fuels, must cease these activities if we are to have any hope of reaching net zero by 2050, which is only 26 years away. The pace of change needs to be extremely rapid. Currently, the world is emitting about 55 gigatons of CO₂ equivalent, with 70% of this coming from fossil fuels, which provide 80% of our energy. Demand for energy continues to grow due to increasing populations. However, we must bring down the 55 gigatons of emissions to net zero by 2050, even though emissions are still on the rise, albeit at a slower pace. In short, oil, gas, and coal must become relics of the past." Dominic Emery is a geologist by background. He has a PhD from the University of Cambridge and MA from the University of Oxford. He was the founding CEO of OGCI Climate Investments, a $1bn fund set up by the world’s largest oil and gas companies to invest in technologies and projects to reduce carbon emissions. He joined bp Alternative Energy in 2007 and ran Emerging Businesses & Corporate Ventures in 2012. In 2013, he was appointed Head of Group Strategy prior to his appointment as Chief of Staff in…

People in this episode

Guest: DOMINIC EMERY

Topics covered

• energy transition
• fossil fuels
• carbon emissions
• net zero
• climate change

Keywords

• energy transition
• fossil fuels
• net zero
• carbon emissions
• climate change
• Dominic Emery
• OGCI Climate Investments

Mentioned in this episode

Organizations: OGCI Climate Investments, bp, World Economic Forum

Places: University of Cambridge, University of Oxford

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