Energy Breakfast – Making Sense of Brexit: Finance & Legal Implications for International Organisations
Guest of Honour : Peter Mather, Group Regional President, Europe and Head of Country, UK at BP plc
On the 4th December, the Chamber had the pleasure of welcoming Peter Mather, Group Regional President, Europe and Head of Country, UK at BP, who spoke about BP’s predictions and expectations for the future of energy.
Mr Mather analysed the term ‘dual challenge’ which is becoming commonly used in today’s society. Dual challenge is the battle of delivering sustainable energy to a growing population without destroying the planet. BP believes that the best scenario would be a balance of natural gas and renewable energy. Renewable energies have become real alternatives, with public approval and government backing. Part of the dual challenge is ensuring that energy provides people with a good lifestyle. The world population is growing rapidly, and whilst there is a dramatic increase, improvements in energy will enable several billion people to come out of poverty. All the growth in energy consumption is taking place in developing and rapidly growing economies. China and India already account for half of the world’s growth in energy demand.
We are currently at a “turning point in energy”. Key decisions are being made about possible future paths we could go down relating to new sources of energy. There is more enthusiasm for natural gas due to lower emissions and its cheap and plentiful supply. In fact, Mr Mather stated that there will be an 11% reduction in energy consumption in the EU by 2040.
The role of China in relation to energy was discussed in the Q&A with Mr Mather explaining that China will continue to dominate and even increase its role in energy – already ahead in regards to fuel efficiencies, battery technology and solar energy.
We would like to thank Mr Mather for an incredibly popular and insightful presentation.
For more information on our upcoming events in 2019, visit our website: http://francobritishchamber.com/upcoming-events/
8:30 am - 10:00 am
Franco British Chamber of Commerce & Industry
63 Avenue de Villiers, 75017 PARIS