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CAIRO: Saudi Arabia will host the 44th International Association for Energy Economics International Conference from February 4-9 to discuss the path to a sustainable future.

The event, to be held for the first time in the Middle East and North Africa region, is set to take place at the King Abdullah Petroleum Studies and Research Center in Riyadh in collaboration with the Saudi Association for Energy Economics.

“This will be the first time the IAEE is holding its annual conference in the MENA region, a region that has produced more than 40 percent of the world’s oil and gas over the past two decades,” KAPSARC President Fahd Alajlan said in a statement. said in. Statement.

The event will address important topics under the theme “Pathways to a Clean, Stable and Sustainable Energy Future” by facilitating academic evidence-based solutions and providing a platform for productive dialogue and problem-solving capability.

The conference is set to host over 500 delegates from over 40 nationalities to participate in 10 plenary sessions.

In-depth topics include carbon capture, the circular carbon economy, the role of hydrogen in the energy transition, the impact of oil price volatility on supply and investment, and the challenges facing the power sector in the MENA region.

The conference provides an opportunity for academia, industry, government and scientific experts to assess the evolving energy landscape to explore ideas and strategies to ensure a low carbon future.

“Since its inception, KAPSARC has been very active in conducting important research on energy economics and climate sustainability. The upcoming IAEE conference, held for the first time in the Middle East, is a great opportunity for KAPSARC and Saudi Arabia to visit Riyadh is,” Yukari Yamashita, managing director of the IAEE, said in a statement.

The event will host high-level participants featuring keynote sessions, workshops and plenary discussions to shape policies around the climate agenda.

On February 4, Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman will open the event with a keynote address, followed by a conversation with S&P Global Vice Chairman Daniel Yergin.

Prior to the Energy Minister’s keynote address, the event following the Young Professionals and Scholars Day at the Hilton Riyadh will host an invitation-only IAEE Council meeting.

On the second day of the event, Alajlan will deliver his opening remarks alongside Majid Al-Moneef, Chairman of the Board at SAEE, and Jean-Michel Glechant, President of the IAEE.

The theme of the first plenary session will be “Energy Sustainability, Security and Access”. It will provide a framework for modern energy access to rural and developing areas in line with solving the world’s problems in economic growth and prosperity.

The second day will have dual track sessions titled “Energy Investment and Financing” and “Energy and Trade”.

The third day will include a plenary session titled “Pathways to Energy Transition” to explore whether climate ambitions and energy security can be reconciled by raising the question: global and regional goals and aspirations of equitable energy transition What are the best realistic ways to accomplish this?

This will be followed by two sessions as the first track will have a session on “Energy, Development and Climate Change” to explore the link between economic growth and environmental protection and highlight the factors that go together. Can be sure to find both.

Track two will lead an examination of problems ranging from technology to geopolitics to gain more descriptive insight into an underappreciated aspect of the energy transition in a session themed on “Energy, Water, Food, and Mineral Interrelationships”.

On 7 February, the session “Energy, Mobility and Technology” will open the day to highlight the technology and regulatory options needed to deliver these services while facing the multi-faceted challenges of resource use, emissions, cost and impact. on urban environment.

The sessions will proceed with two sessions “Energy Efficiency and Industrial Competitiveness” and “Challenges and Opportunities for the Power Sector” to explore the opportunities and challenges arising in the industry.

The fifth day will begin with renowned economists in a panel titled “Economy and Energy Diversification in MENA”.

The concluding session will be hosted by Al-Maneef, Glachent, Fahad Al-Turki, VP of Knowledge and Analysis at KAPSARC, Gurkan Kumbaroglu, Professor of Industrial Engineering at Bogaz University, Christophe Bonnery, President of the French Association for Energy Economics. Capping off Alajalan’s comment.

The sixth day will be a technical tour of the Shaybah oil production facility in Rub al-Khali, the world’s largest extended desert.

The tour will include a visit to Saudi Aramco’s Shaybah facility as well as the 637 sq km Shaybah Wildlife Sanctuary, an Aramco-sponsored biodiversity conservation area that is home to native plant and animal species.

The event will also discuss the impact of COVID-19 on energy and energy poverty and the Sustainable Development Goals, apart from highlighting academic research and case studies.

The 43rd IAEE conference, to be held in mid-2022 in Tokyo, Japan, titled “Mapping the Energy Future – Voyage into Uncharted Territory” discussed the impact of new geopolitical conditions and technological advances on energy markets.

According to Fumihiko Ito, chief sustainability officer of Sumitomo Mitsui Banking Corp., the key outcomes of last year’s event were an increase in investment in innovative solutions, projected to reach $209 billion by 2030, and the need for global cooperation to ensure a smooth energy future. It was a role. Infection.

Other important discussions were around technologies that tackle carbon emissions, as well as risk assessment and intervention planning.