drivers of the global electricity demand clock in India a China a ASEAN countries and these countries are the drivers of the global electricity consumption so therefore a we have to be very clever what kind of electricity sources first of all we are going to choose in order to provide this electricity number one number two it is very important to use that electricity efficiently so that we don't need to build unnecessary power plants than we normally used for ISM I match air conditions let's take India and Japan in India in order to provide the same comfort with the bring the temperature down you have to you need three times more electricity than in Japan because of the low efficiency standards of the boxes air conditions it may seem a trivial thing but it's a big thing the air conditioners and how if refrigerators and other efficiency is critical so the question is we are going to see electrification is a major driver and since we have the Chinese Minister with us Minister congratulations for your new and challenging job by the way we are seeing that we will discuss I am sure in a few minutes the in United States oil and gas production is growing middle east only the major oil and gas santa russia is like that and the response from china in terms of energy in terms of the global energy picture is electricity China is today number one in terms of electric cars electric buses and now making a major move changing the heating system from a gas and coal based system to electricity so therefore I believe electus is very important let me finish by saying with a good news at least that many of you may know that the internal energy agencies since twenty years we are looking at how many people have no access to electricity in the virgin's a major issue you know as well we discussed this issue several terms insist year 2000 it is coming tight as 2 billion people now for the first time at the end of last year number of people who have no access to electricity went below 1 billion mark benchmark but still 1 billion people 2 out of 3 people in Africa have no access to electricity it's a shame but it's a success it came to under 1 million and here the price goes to one country everybody made a effort but one country especially which is India under Prime Minister Modi they both elected so to hundreds of millions of people and as a result the problems now and electricity problem and sub-saharan Africa to sum up I believe electricity is definitely the future of the energy system for many years to come of course we will need oil gas coal clean called renewables and others but the verge is going in the direction of electricity right so to have this air conditioning load and to give access it all comes back down to human beeble human beings and people so income consumers how does this electrification change our relationship to consumers how are you seeing that play out well let me start firstly with some pretty big trends which is as we're responding to climate change we are a driving decarbonization through policy and this is resulted in the decentralization of the energy system as Fatih said there's more going on at the edge of the system rather than a big central supply and transmission arrangement the second thing is because of that customers have got more choice they're becoming more powerful and then digitization is accelerating the whole thing what this is enabling and Fatty's write that as electricity dependency becomes higher we have to find ways for many customers to use energy and electricity more effectively and efficiently and some of the the technologies that are being used now are allowing first of all on-site generation at the point of use they're allowing export of electricity back to the grid so people actually can benefit from their excess generation and there's the possibility of turning down demand and so it's actually very exciting that and the key technologies that I think are enabling customers to be more powerful and will have a very big impact on the overall energy per unit GDP because for years we've been focusing on lowering the carbon intensity of energy production what we haven't been focusing on is lowering the amount of energy per unit GDP and we should be very encouraged that since 1982 about 2015 the energy intensity per unit GDP fell by 2/3 the technologies that are going to make a big difference combined heat and power units solar heat pumps at the point of use batteries allowing for storage and then re export of energy or optimization the combination of batteries and demand response which is allowing customers to effectively become virtual power plants where you switch on a battery or and reduce demand at the same time this means you need less central generation on the grid electric vehicle integration and then finally artificial intelligence which is allowing predictive maintenance on the system these are all the technologies we're going to need if we're going to be more effective and efficient in this electricity intensified world right so I'd like to build on that decentralization theme and turn to jean-pascal so how has this decentralization changed industry's focus on technology are we looking at the right technologies what do you see most of the technologies that hello enabled is this translational electrification already-existing they are just not integrated it's like every technology transition they are not yet adopted completely or embraced completely by the users on the consumers but it's going fast so let me let me build on what that you were saying about electrification you spoke about HVAC one of the fastest electric consumption today is the IT industry on everything going around electronics every time we use electronics would it be from semiconductor manufacturing as well as networks data center data storage that is fast-growing today five percent roughly of power consumption soon to be 10 percent on actually enabling the other face of it which is a higher efficiency in everything we do so um to build on what Ian was saying we absolutely see in our business a big move to the edge so while the world of energy traditionally was very centralized the world of tomorrow will be a combination of central well if you say if you will the cloud of energy is a grid but more and more the capacity is going on the edge on you see consumers taking over the energy equation on combining the edge together with a grid so that Sanibel of course by digitization but if you look at the benefits of that it's more efficiency on there is still vast potential behind efficiency you still have 60 percent of energy consumption well there is no objective no regulation no objective to diminish the energy consumption so there is still big the biggest the faster the cheapest the most effective way of saving energy of producing green energy is to save energy the second point is resilience we've seen a world where there is more climate disorders managing the variation of renewable energy is more complicated therefore managing your energy system is becoming more more complex ongoing on the edge offers more resonance it's like in social systems if you centralize too much it's more complicated to address what's happening if you separate those systems it's easier to manage on what we see is people really move it locally to share energy better shave the peaks which have been the traditional problems of electricity on be more resilient in front of issues finally also what we should recognize is going on the edge will be very job creative it's creating many more jobs on the field close to the user to go on the edge and to deploy what we used to have before which were centralized systems only puts people more in contact with our energy with Ian was doing on what we see that every time we give access to a consumer to its energy bill the immediately save on energy so those things are combining together for a very different landscape of of energy thank you Minister Jang I would like to hear more about what China's energy policy is you have the full spectrum of everything from very developed in many cities to developing you have it all so what is the as you see in your new role as Minister of Energy what is your energy policy looking forward so yeah ok taiga tea going she said oh you're gonna contain a general Warren just routine include Avanti – what are you panicking Cambodian and so see your face and others enjoy the marine weather ta-da-da-da-da-dah realization nanophotonics eternity just original even a woman she means of sweetie teeny and a teacher sue me egos also a juice or trade only under shelf economy Nana Kunta Kamini and chisel annuity suitable name aha cheater hmph avocado which is also the mercy and – sedan new year Anja and to the fountain Awami its vinegar to work near fatten elicit eternal father Anthony the Matenga to change the mughal a chest are all ER in here woman a wife a sanajeh Terrence is sanchita is 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tan we GDP and Hall PR the Union such an apparent us vamos audiences come tiene mijo menos sampling see her so innovation to English Austin with an intent to attend our channel so the Nile Tunisia has the father son thank you very much dr.
Viola you mentioned oil and gas so let's turn a little bit to that sector and transportation what do we need to do there what do you see on the oil and gas front that we need to really accelerate or transition so first of all Angus what happened last year compared to previous Davos I think there are two major things happened number one the US shale production now that was last year these times we came up with a estimate of the u.s.
production growth very bullish at that time many colleagues said about 1.5 million barrels per day big loft be expected and again in the Davos mythos many of the observers thought with a far too bullish and I said we don't know we may revise them at the end of the year we did revise them but we revised them upwards 2.1 million balusters of growth coming from US shale huge crowd they edit in one year one Mexico just growth and if anybody thinks we have seen the impact of shale revolution fully he or she is making a mistake but a big mistake it is yet to come to see the impact of the shale revolution oil and gas in the United States far-reaching implications energy economy and beyond losses number one number two under natural gas front biggest development it is China a it is China impact and gas is amazing the picture what we have seen the oil markets China affect ten years ago we are seeing under natural gas markets now under the present she's a motto of making the scars of China blue again China push the natural gas consumption very strongly and as we speak now China took over Japan is the largest natural gas importer of the world big top double-digit growth so on the production of oil United States and on the consumption of gas China of course in the S gas production Inc is very strong as well and now how to use them in a more sustainable way so I see that many companies are giving strong signals to use the produced oil and gas in a sustainable way ranging from applications like hydrogen carbon capture and utilization or they are looking how to reduce the methane emissions in the production practices which is very good but it is very important to note that we will be with oil and gas many years to come whatever scenario we look at it the most important thing is how to use it in sustainable way are you talking about oil and gas and one final remark and Middle East so that that means understood as I have the here we Haley enjoyed the presence of OPEC Secretary General my friend Mohammed back in the with us here today even though u.s.
Is now a very important oil producer Middle East will remain the largest exporter of oil many years to come because US produces a lot of oil but most of them they use at home for domestic purposes so Middle East especially Saudi Arabia will remain the largest exporter of oil for many years to come but for this year 2019 pay special attention to us shade once again because some of the observers lasya arting made wrong assumptions underestimated the US share groves yes so in con you have you have worked at BP for a long time so you know this sector very well let's turn a little bit to as as what he was talking about the acceleration of technology and what is how do we how do we not have to reinvent the wheel give us some use cases you have a lot of interesting things you're working on how do we see this really manifesting in reality – Catherine just a comment to build on Fatty's points mm because if both you and fatty mentioned using oil and natural gas more effectively and and just I spent 30 years nearly in producing and also in the consumer end of the oil and gas business I think there's a real obvious pathway for Transport which started sometime ago which is the increasing efficiency of the internal combustion engine then very significant penetration of hybridization so that plug-in hybrid electric vehicles which have got the range and the interoperability and then finally the penetration of pure electric vehicles and what we are now seeing in Centrica is customers whether they are business customers or consumers wanting propositions that integrate electric vehicles into their lives or their business the problem though is we've got to be we've got to recognize two things we need to decarbonize the grid in parallel with the increased use and also there are some practical issues around electric vehicle charging for example in multi residential buildings or in the centre of cities nevertheless this is happening and on natural gas the biggest challenge as Fatih and I often talk about is the decarbonization of heat and that is a really big issue we have to start with the efficiency side of it first and then we need to progressively look at that heat pump penetration and other ways of taking people progressively off the natural gas grid but this is going to take a very long time and in in the initial period it we are actually going to be more dependent on natural gas as the Minister has just described now on you're at Europe you asked use cases and let me try and tie it also to digitization which is accelerating things there are I described some technologies that are being deployed at the edge of the system but some of the digitization technologies that are really helping optimize the system firstly digital control systems from the simple in the home we've got 1.3 million customers who control their heating in their home from their smartphone so what well the so what is that a recent survey we did over 55% of them are saving 12% of their natural gas bill just by being more precise more in control integrated solutions platforms for business customers that allow the business to optimize the whole energy system that they've got from production to storage to consumption to demand response that's becoming a real business for the business customer and then one of the most exciting ones is optimized dispatch using digital systems we've got 11 gigawatts under management across Europe that sits in customers yards or on the roof of their factories all all the low carbon technology and we are dispatching that against micro management of or monitoring of the weather systems to optimize dispatch of renewables those are some of the biggest applications there are productivity applications for insight into energy use and productivity of all sorts of equipment and then finally in the last one I'll mention is blockchain we are currently working on a 20 million euro project in the UK to put peer-to-peer trading of energy in an automated way into the edge of the grid so that consumers and businesses can that homes can sell to each other while we're all at work and the money can transfer into people's bank accounts and your home is just able to optimize your energy these are all ways in which digitization is accelerating the system and you asked the last thing I'm sorry just on learning and there's one plug for the World Economic Forum's system initiative on the future of energy that fatty and I co-chair we're trying to join the dots so that one country as it learns about a policy intervention can share it with others so that we can benefit and we don't keep reinventing the wheel and as particular ways of solving problems are found we can translate them into other geographies an example in Colombia with a grid edge experiment that the minister drove and we've been able to propagate that into Argentina and Brazil for example yeah and I'd love to get back to governance in just a second but I want to ask you John Pascal something because we've been talking a lot about technology about resources and yet we're seeing before our eyes climate change manifesting in increased storms in wildfires that we've had in the US what are you seeing on technology from a resilience really from adaptation but from resilience standpoint from where you are well all the climatic disorders which we are facing to the out putting a lot of pressure on the energy systems so what we've seen on we were speaking about that before more customers have acquitted themselves with an H sistema micro grid which is combining renewable storage on being linked to the grid so that they can better better manage this equation of resilience I'm doing that they're also managing the equation of efficiency on costs because in many cases it brings it brings a cost down so sorted by the most critical application typically the military where you install a military base on you've got on on on some of them were facing power breakdowns and they we help them to build quite big insulation feed 15,000 people on the edge with micro grid then he went into other mission critical application hospital this is a place for you the power break known to happen when you have in the surgery room so more microgrids coming on on board or now it's spreading to neighborhoods technology parks so that people are becoming more resilient I'd like to add on on what on switch in Rio big gear but again were speaking about the consumer with digitization I think the the the potential of digitization is even far beyond efficiency so we work in majority in the commercial on industrial part of the equation of course on objects on energy efficiency which we sit with across thousands of applications is 25% of energy efficiency but think about it when you build such a site your biggest large part of the investment is a capex by working fully on digitization of this which is most 30 to 40 percent that you can gain and we've worked particularly as we speak about oil and gas oil and gas industry has been looking really to more efficiency especially during the year of crisis and you have a large part of your efficiency which is happening during the construction phase during that phase from the capex to OPEX where there was one digital model here on another digital for operation on our obsession in the past ten years has been to integrate all of that digital cycle with the software suite that follows you from the construction to the operation and they are the gains of efficiency from the construction where we avoid many people bickering on the on a website because the plans were not precise into the world of operation has been a massive so we started by operations up x but be prepared for a world where the next steps of efficiency will be in the world of capex on the transition from capex to operations well we have the same thing with utilities sensing with buildings so the world of digital is integrating all over the lifecycle of the installations yeah that's great so Minister Zhang Hao as China looking at this you and you have a history with oil and gas so you know that sector quite well how is China integrating technologies as you move forward with your policy on decarbonisation and access in Arizona Tongo CNTs ta tada Yahoo so son goes O'Shea Alito son nada para llegar a so pavan's son yada yada Lazo yo pasta lasagna compose a lyonie disa say cheese' son goat an incision solo father yahwah chin yellamma Santana s oval appearance chicken on a Sunday so Faria guarantee you – teacher – India China China Kazan woman – Tito tyranny God wanting suomen chauffeured action center promises a a toggle Champa suburbia original super handsy nama Lima Egan a woman yet jnana shellfish and a woman trikonasana vomit Takeda Shingen area conserve our channel home on Sunday Funday so again cm from the confusion of kanji from beetle from bitola CDN stylus on TV Choa Roman fund entire India we ET impera inaho funding confused a trillion keys jingle I saw Jo Mahajan gentle giant anti-india tolerable champ Arakawa so it's a conscious action there has been a top agent in the other day you show me yes minutes ago Oh chief only the Obermann the charge on Allah – there she wanna buy medicine yet don't be shy generous and apparently the MA – office on a woman is Judah you're thinking suzuha just know yeah she's on a source of her like County Oh melanin no neon – aha young issue suja tandem stationed at you wanna Tomatina new leader jinkin what's jinkin GTA on i-20 thank you I'm going to turn to the audience momentarily for any interventions or questions from the audience but first I wanted to touch base with you one more time doctor be able to address this and also any governance issues that may need to change as you think about moving forward so I want to react to two things here is the first minister mentioned the China and renewable numbers so put two things in a context a Chinese today number one in terms of wind energy in the world number one in solar number one hydropower and if the US policies do not change number one a nuclear power in a few years of time so doing a lot of job or China plus the hip improvers of the coal efficiency coal-fired power plants China gets a lot of electricity from coal today if the Chinese called power plant didn't increase efficiency today we would add one more gigatron to the global emission so a good work for China but more to done more to do I should say especially in terms of reducing the emissions and maybe as important as that local pollution in the cities it's a very important job second point under oil and electric cars a few of my colleagues mentioned now one good news one not perhaps so good news for the colleagues who are big subscribers of the electric cars good news is that we are now almost reaching five million electric cars across the world five million and half of them are China China I forgot number one in electric cars electric buses as well but five military cars many of us is a big improvement big achievement yes it is big what does it mean for the oil demand I tell you just put in a context five minute records this year we expect global oil demand will increase about 1.3 million barrels per day 1.3 some people say one point to some pumping one point three million barrels per day and the effect of five-minute take cars after 1.3 million barrels per day is 50,000 bucks worth fifty thousand versus 1.3 million so just to see that they we should put the ticks in a context first of all five minutes nothing because we have 1 billion internal combustion engine cars number one number two cars are not the driver of oil demand claude full stop drivers are trucks petrochemical industry ada planes asia is just starting the fly asia is just starting to fly so these are the drivers just focus on the electric cars big 80-acre says and saying this is the end of the oil is definitely misleading we like it or not with some of our lucky some of this like it the other thing second where does the electricity come from to say that electric cars is a solution to our climate change problem it is not today we have five a military class even if they were 300 million with the current power generation system in the world the impact on the co2 emissions is less than 1% nothing so the issue is not only the electrified the cars but if you want to have a solution for the power sector if we can find a social power sector decarbonize it co2 emissions will not be going down it may be helpful for the local pollution but for the global so just to put the things in the context electric cars are today when we'll get to numbers not the end of the oil era number one number two I wanted to say that it is very important to acknowledge what China is doing in terms of energy but also to say mr.
Minister we have high expectations from you as the world to reduce the emissions more and bring more prosperity to your citizens and to the rest of the world and Simon Stagg great I would be glad to take questions from the audience and please wait for a microphone to come there's one here hi my name is Katie Hill from liquid telecom which is a pan-african digital infrastructure company and among other things we're building out data center network across Africa so we're talking about critical loads in countries that have fairly unstable grids and I was wondering if the panel could speak about how utilities are coping with the transitions you've outlined as we move from centralization to the edge most African utilities are not profitable but that is not an African challenge with PG&E just filing for bankruptcy and a number of other developed economies that have struggling utilities and how will these firms survive and what will differentiate great and I'm looking at you well I don't know why you look at me because eccentric is not really a utility although we're labeled that we're labeled one but in the sense that we don't run big central generation and big transmission networks but to answer the question we first of all the micro solution if you've got data centers that you're trying to build on the edge of the grid or they're the grids not very reliable clearly that some of the distributed technologies that we've been talking about John Pascoe and I combined heat and power units if there's some form of natural gas or solar and batteries this is coming to the point where you will be able to put backup generation or it could even be based on diesel initially so that you have the reliability on the bigger question I think the the what the world of things called utilities is very much in trends this idea of a central production and transmission system where the customer just takes whatever comes to the wall is gone it is dramatically changing and all of the things we've been talking about is putting pressure on the central generation system this I'm talking mainly in the Western world clearly in growing economies there is still a need for more base load power but what we're now seeing in Europe and the u.s.
actually are people having to make political interventions simply to support the amount of base load power that exists to keep the light on because it's becoming underutilized and unstable and I believe we're here I can I can understand point be a little bit better than I can how we're going to get there at some point we're going to reach a place where the transmission system will be partly an insurance policy and what we haven't figured out is who's going to pay for it there will be central generation and it will need to be highly utilized to be effective distributed systems will need to connect into the transmission system and export and import from it and part of the remuneration of the grid will become a sort of membership slash insurance policy I can't see any other destination I most countries are having trouble getting there because you've seen it in the United States with solar where you know who actually pays if local generators don't actually pay when they take transmission off the grid who's going to end up paying will solve all these problems but they're coming to a cinema near us keep going on that subject I I think that this centralization of energy is a great chance for many emerging countries for what we see we are equipping more places in the world that we're really difficult to equip before because you can deploy a local grid so speak about the island countries there are plenty in Southeast Asia remote places in Africa I think here it's not only a technological problem it's a societal problem well if you want it to be effective you need to manufacture locally on this is what we do on you need to train a lot of people which is great because when those people when people are trained then they can take care of the community and bring more services around energy but the worst is to come with something which has been manufactured from remote on land it on the ground and there is nobody to take care because guess what after two months or three months it doesn't work anymore but what we see that really there is an empowerment of of people around energy now on the role of utilities in the world that's becoming more electrical utilities of a major or the other conductors there in the middle they can be insurers they can be providers but at the end of the day they have a measurable but it's a major reinvention for many of them major reinvention we are working with them on the technology while digital is a big thing I mean it used to be a more simple world where generation was fixed consumption was quite fixed it was easy to administrate now everybody has gotten out of work I mean you've got renewables things which are going up down consumption which are moderated up and down so the big thing that utilities are doing is getting digital managing the central and the edge we see many of them inventing a new model which is really impressive so like in every transition there are risk but there are also opportunities on some exiting as true winners of this transition we have another question or intervention good morning everybody Julie masse from Repsol mr.
Galore you said that the electricity is growing and that's okay it's right fortunately I mean a part of this electricity is produced using renewable energy but unfortunately I mean any renewable energy is intermittent this kind of energy needs today a backup and bad news is that the coal power is still a large part of the electricity production in the world I mean do you think that for instance promoting electric vehicles in countries like Germany Poland and some others were we are burning coal to feed electric cars increasing the co2 footprint in the world is a rational policy and do you think that shifting from coal to gas in this scenario on top of course of promoting energy efficiency and on promoting of course renewable generation could be one of the most efficient ways to reduce the co2 footprint in the world in in a cheap way thank you so I mean see your flips to ask many questions in if I can go very three blocks maybe renewables so first of a good news last year renewables grew very very strongly chattering so the boat Vint and solar hundred gigawatts solar fifty gigawatt new wind came in the picture again a China United States in the other main drives as as well see you but if I can put in a context global electricity demand grows about two percent roughly in a year in the world this 150 gigawatts of renewables the electricity coming from there is equal to one percent what other one percent is coming mainly from coal and natural gas so therefore just expect that the with this pace of renewables we will see a decarbonization of our energy system is extremely optimistic because at the same time electricity is only a part of our total energy system and see you in terms of co2 emissions it is less than 40 percent there is a modest sixty percent coming from other text this is number one number two electric cars now I completely agree I'll give you one without giving a country name in a country where you have about let's say about 40 percent 50 percent of coal in electricity generation if we have to choose one 1990 model diesel car versus 2019 electric car I think it is better to buy the 1990 diesel car if you back of your electricity comes from coal to stop the new thing doesn't mean it is better if you do not decarbonize your electricity system if you want to decarbonize your transportation you not only look at the cars but you look at your where the power comes from this is number two number three what are we going to do a bit call are we today a big chunk of the coal comes in in China India Indonesia so these people provide electricity to their citizens which are low and mid-income nervous we cannot say we decided in Davos please shut down the coal plants it is impossible in United States in Europe coal plants are on average 42 years old they are coming to the retirement age as many of us here so 42 years old but in Asia coal plants are an average 11 years old they have to pay back to the investment half can be dare to ask them please do so it is I wouldn't agree with that so what can we do two things one try to equip those coal plants with the carbon capture this is number one number two find incentives to compensate their losses if we want to ask for early retirement otherwise we can decide what every button da was Paris Brussels whatever we want but they will not do it because they provide electricity to poor people and their money is not returned back to the utilities who would would Ian do it with good job ascott nobody would do it after they make the investment before it is paid back who would do that what if we don't do it violently as China India Indonesia and others today so we should have double standards and in in my view cotton if you ask me what is the main problem of the climate change day there are many of them but I would put the yonk inefficient coal power plants fleet of two thousand gigawatts in Asia with all this conditions attached may I just add one little comment to that in the UK in the UK and I realize this is not the countries you've talked about a high carbon price the combination of the European trading system and a carbon tax or floor has resulted in the early retirement of all the coal plants now who pays is the key question and the only way it's working in the UK is unfortunately for it everyone who's using electricity to pay and that way through carbon pricing we are accelerating the early retirement of plant they're not as young as those in in Asia but it's going to be crucial we find the way to retire coal as fast as we can it would be a vastly less less affirmative on the future of energy because what strikes me is that those kind of discussion is the one that we had about the internet on the world of telecommunication in the 90s with some kind of saying well the world of before we cannot decommission we cannot but we always surprised by the adoption of technology of course there are economics behind some power plants on things but in some cities emissions particles has become the first political debate then there is a new generation coming up youngsters and they don't have the same patience with the lack of reaction to the environment I think there is urgency respect to the climate question right we are on a trajectory of 3.5 to 1.5 and we pay for the disasters linked to that so I'm not sure it just economic it's it's about reality of life of people in their environment and we are always surprised by the speed of technology adoption so digitization electrification another thing is that it's a parallel Avenue of course electricity don't bring any plus if we don't decarbonize electricity so the question is how do we accelerate this in the future so I would stay very open on alert on on the evolution because well people youngsters the new generation will push us which is probably great because we cease all technology evolves that's true speaking of youngsters my children say no I have eyes on the back of my head I think there's someone behind me that is a question you have the microphone it's so good yeah good morning I am dr.
Ram Kumar from Indian Oil Corporation and my question is partly answered by mr. Fateh my question is actually on decarbonisation of the whole economy and especially for countries like India and China we just can't banish the coal we can ill afford banishing the coal because coal is still the richest energy source and the cheapest energy source so my question is that World Economic Forum are any other global forum there should be a need for greater collaboration of exchanging carbon capture and utilization technologies I think there are handful of commercially established carbon capture and utilization technologies and there should be a greater cooperation to these Asian countries where where the established technologies need to be shared so that on a global platform the decarburization will gain traction so any comment is there any global framework that is that is in place are going to be in place to share these kind of technologies i would like to seek the views of the panels and I would like to turn to a minister song to to talk about what China China sees this similar situation yo wait a sunburn endo moochin sahaja yoga media commodious abortions tanzanite in Canole sorry Jennsen nipperoso sun god media hari Ponyo eating candle apparently Ossetia war mana time 800 sentenza party she keetchadam I wanna darker region qualified and Susanna's Limina quanity shudder Jorge he hecho de Chao Serena part Sangha Haudenosaunee Katie gonna do my gonna wish I can have a free soda Yoshida from Busan a and tnf-alpha from Busan tienda Nagar father was a sentient he were to be a father mukada pompously and the father surfaced on your PR ring we're gonna test enough to point an event near Jake a Tijuana engine virtual coffin yeah so he to work yes a Italia father mm shouldn't tens and a chance anyway you can your chance issue link or the Hotel de joder channel wanna kill particle Phobos entire issue Angela then go change now thank you very much so what we're gonna do now is just step back for a second and I'll give a few reflections and then pose one final question and I'm sorry we weren't able to address everybody's interventions and questions you can certainly pose them afterwards and I'm afraid I had neglected to introduce myself I'm Katherine Hamilton I among other things I'm co-chair of the Advanced Energy Technology pet Council which is a new council under the future of energy stewardship and at the same time that the youth of the world are stepping up and saying we need to do this faster and we need to do it in our terms without forgetting that we need all of the resources available that we have already invested in so that's sort of where we are in a very interesting geopolitical landscape right now as we go forward through this annual meeting and then you know this annual meeting is a moment in time we then have to take what we learn and the connections that we make and the collaborations that we form here and go and act and have impact going forward for years to come so I would ask each of the speakers here for a final thought on how do we accelerate or would should we be thinking about moving forward so we can really have an impact and make a difference mr.
Jang you start will end up with you the future of China indeed will lie in resolving issues and supply energy and the low-carbon and green way of course we have to leverage the resources that Mother Nature grants us these sustainable energy for example thermal wind power both of attack powers all these will contribute to the lower production of carbon dioxide as well as carbons so I think that's almost most important so when when I look at the future since the two biggest problem we have is probably cabinet change with already visible corridors on delivery in poverty on reducing inequality the first inequality is access to energy I mean people who have access to energy have access to modernization the other ones don't so energy is at the crossroad of the two on in contradictory terms but I think our generation is a fantastic responsibility on opportunity because in the past there was only one way somewhere to consider energy and we had cross fold at the moment only with inside all of us not to look at what we have to build from the past point of view but more directed to the future and consider all the implications but we are trying with energy to address probably the two biggest challenges of our generation all right my view is that as prati and others have Illustrated we are not on the path that we need to be on and the problem is many of the reasons why we're not on that path are fundamental as Fatih talked about oil demand is gonna go up etc and electric vehicles are not going to answer the problem the hold of transports only 30 percent of greenhouse gases so my belief is boldness and understanding are the two ingredients missing in central government and our mission in the effort that we're all involved in here is to try and help governments understand that we're not on the right path and we're going to have to intervene in a more bold way and then so that's boldness and understanding with governments and then the second part is the unleashing of the discretionary innovation in society around new energy technologies and demand between these two things we will solve this but we are not there at the moment I would say the following very simple a we discussed you was a little out of discussion and cotton since some time how important the climate change challenge in front of us is this completely true but the more we discuss the more the a the emissions increase at the same time so the 2017 and we just announced 2018 emissions increased so and we all know that energy is the main responsible sector here so in my view what we need is the following two things one we have to understand the order of magnitude of the challenge this is number one not only the new infrastructure hub it will be but also the existing lock-in infrastructures there that will be with us 30 40 years how they can intervene in the existing infrastructure says the coal plants since EVs I see a very important part of the equation so this is the understanding the order of magnitude of the challenge is number one number two maybe more importantly now today everybody has his or her own solution sam says renewable Sturdevant renewables advanced in syria Sturdevant nuclear power this is completely observed when you look at the order of magnitude of the challenge I don't like nuclear and Luca is out nuclear people say I don't like solar because it's an intermittent it's also out at end of the day we have nothing left so when we look at the problem if we are serious we need all technologies all technologies which can have to reduce the emissions even one gram so we don't have the luxury to exclude any of the technologies our aim should be not to boost our ego but to reduce the emissions and if we are serious about that we need all the technologies thank you thank you but you know in con and thank you very much thank you everybody here now go forth boldly to the rest of the annual meeting [Applause]