SESSION 4) Energy Transformation & Carbon Neutrality 2045
Recently, a number of countries have announced their aims to achieve carbon neutrality by 2050 to reach the goals of the Paris Agreement. Limiting global warming to 1.5 or 2 degrees Celsius above pre-industrial levels brings attention to how the global economy can shift its energy systems from fossil-fuelbased systems to non-fossil-fuel-based systems. Moreover, a rapid digital transformation and the increasing penetration of electric vehicles in the transportation sector leads to the increase of electricity demand in the energy sector. This forum discusses effective global energy transformation towards non-fossil-fuelbased energy systems. Beyond the transformation in the energy sector, it is necessary to bring a wide range of stakeholders, including governments, the private sector, and international organizations, and discuss how developed and developing countries can make a joint effort to achieve 2050 Carbon Neutrality targets.
SUB) A Roundtable with Korea Energy Strategy Expert
Recently, many countries, including Korea, are aiming for carbon neutrality by 2050, as per the Paris Agreement. Efforts to keep the global temperature from rising below 1.5°C or 2°C, ultimately lead to the question of how the global economy will transition from the fossil fuel-centered energy system to non-fossil fuel sources. In addition, the demand for electrification is at an all time high due to rapidly progressing digital transformation and the increase in production of electric vehicles. Against this backdrop, we will discuss how the Korean economy, which relies on fossil fuels for 80% of its energy, will achieve effective energy conversion based on non-fossil fuel sources.
