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7th IEF-KAPSARC Thought Leaders' Roundtable

Energy Security and Advancing Technology, Innovation and Investment

Thursday 17 February 2022, Riyadh, Saudi Arabia

The Secretary General of the International Energy Forum and the President of the King Abdullah Petroleum Studies and Research Center hosted the 7th IEF-KAPSARC Thought Leaders' Roundtable on 17th February in Riyadh.

Sessions focused on investment in clean technology deployment, advancing innovation, and modernizing infrastructure to fulfil energy security, climate policy, and sustainable development goals as well as protect against non-market risks, such as extreme weather and cyberattacks.

New climate and economic recovery policies increase the momentum for investment in clean technologies and accelerate the energy innovation drive.

Successful energy sector transformations depend on how fast energy infrastructure will evolve to cost effectively integrate new clean technologies while continuing to reliably provide affordable access to modern energy services for all.

New hydrogen or carbon use and disposal streams will add new dynamics to an already complex mix of molecules and electrons generated from fossil, renewable, and nuclear sources.

Extreme weather events and cyberattacks further amplify the call for stepping up investment in clean technologies, innovation, and infrastructure resilience. This is in addition to the traditional energy security, market competition, and public service requirements that increasingly congested energy transmissions systems must work hard for to meet today.

Governments, research centers and the private sector should step up collaboration to improve risk management and crisis recovery.

Technology advances and infrastructure investment need to realign on a broader spectrum of technologies and linkages to become more resilient and deliver clean energy flows with greater flexibility in response to rapidly changing and more volatile supply and demand patterns.

Scaling clean technology and modernizing aging systems must move forward in tandem to serve increasingly complex energy markets.

New concerted policy initiatives and more accommodating regulatory approaches can lead the way to broaden public acceptance and stimulate investment.

Enhanced dialogue among governments, innovators and investors is urgently needed to push clean technology uptake fast forward and ensure our energy infrastructure delivers the service on which present and future generations rely.

Questions:

  1. How can governments and industry accelerate innovation and deployment efforts and give greater support to technologies at lower market readiness levels and strengthen public acceptance?
  2. Which technologies hold promise in different market settings? What market and government solutions will accelerate investment to scale clean technologies?
  3. How can synergies between hydrogen, CCUS, small modular nuclear reactors and other clean technologies reduce market hurdles and cost?
  4. To what degree can risks assessments and permitting for modernizing and installing new infrastructure become more agile and less time consuming. Which processes can run in parallel to deploy clean technology at warp speed?
  5. How can rights of way be streamlined and obtained faster and benefit from greater public support?
  6. What international alliances and cooperation platforms are best positioned to accelerate investment in the innovation, clean technology, and infrastructure we need?

Participation and Proceedings

Participation in the in person high-level roundtable was by invitation only. Proceedings were livestreamed to the public on multiple platforms and the recording is available for public viewing.

Guest Speakers

  • Joseph McMonigle

    Joseph McMonigle
    Secretary General, IEF

  • Fahad Alajlan

    Fahad Alajlan
    President, King Abdullah Petroleum Studies and Research Center (KAPSARC)

  • Peter Terium

    Peter Terium
    Managing Director of Energy, Water and Food, NEOM
    View presentation

  • Adam Sieminski

    Adam Sieminski
    Senior Advisor to the Board of Trustees, KAPSARC
    View presentation

  • Brian J. Anderson

    Brian J. Anderson
    Director National Energy Technology laboratory NETL, US Department of Energy

  • Cornelia Meyer

    Cornelia Meyer
    Chairman CEO Chief Economist, MRL Corporation, LBV Asset Management

  • HE Ana Palacio

    HE Ana Palacio
    Former Foreign Minister of Spain
    View presentation

  • Dr Helima Croft

    Dr Helima Croft
    Head of Global Commodity Strategy and MENA Research, RBC Capital Markets

  • Ahmed A. Attiga

    Ahmed A. Attiga
    Chief Executive Officer, Arab Petroleum Investments Corporation, APICORP

  • Antoine Halff

    Antoine Halff
    Founding Partner, Kayrros

  • Carmen Elena Cirnu

    Carmen Elena Cirnu
    Scientific Director National Institute for Research and Development in Informatics ICI Bucharest
    View presentation

  • Charif Souki

    Charif Souki
    Executive Chairman, Tellurian

  • Princess Noura Turki Al Saud

    Princess Noura Turki Al Saud
    Founding Partner, AEON Strategy

  • Jean-Pascal Clémençon

    Jean-Pascal Clémençon
    SVP Strategy & Markets, TotalEnergies

  • László Varró

    László Varró
    VP Global Business Environment, Shell

  • Jamie Webster

    Jamie Webster
    Senior Director, Boston Consulting Group

Highlights Videos

Key Links

Previous IEF-KAPSARC Thought Leaders' Roundtables

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