NEWS

Energy transition: reflections and perspectives

Inspire
March 2021

Clarissa presented the main drivers of the energy transition and the different strategies adopted by companies in the O&G sector

NEWS

Clarissa Lins, founding partner of Catavento, was invited to conduct the presentation “Energy Transition: reflections and perspectives”, at the invitation of the Energy Planning Program (PPE / COPPE / UFRJ), within the Human Resources Program of the National Petroleum, Natural Gas and Biofuels Agency (PRH / ANP / Finep). The presentation highlighted the relevance of the energy sector in the context of climate change, the main drivers of the global energy transition, the strategies adopted by O&G  companies and the particularities of Brazil in this context.

Initially, Clarissa Lins presented past energy transitions, highlighting how they influenced the social and economic development. She pointed out the main differences for the current energy transition, motivated by the increasing impact of climate change, with a consequent exacerbation of risks to society and the business environment, and characterized by new challenges associated with the search for clean, accessible, and reliable energy.

After highlighting the relevance of the energy sector to the climate debate (approximately 74% of GHG emissions come from the sector), she presented the main drivers of the global energy transition – regulation and public policies, business environment and the role of companies and financial market and the ESG agenda. In this context, she pointed to the influence of the main trends on the global energy sector.

Additionally, Clarissa analyzed main strategies adopted by O&G companies in the context of energy transition – (i) low carbon strategy and portfolio diversification; (ii) acquisition of companies and assets towards electrification and (iii) efficiency and competitiveness in O&G activities. She highlighted examples of investments and initiatives carried out by the majors for each of the indicated strategies. The O&G sector, therefore, faces different  challenges, such as maintaining attractive returns, attracting young talents and promoting continuous dialogue towards the solutions for the future.

Finally, considering the national context, Clarissa highlighted that Brazil has the opportunity to lead the global energy transition based on the diversity and abundance of its energy sources. After the presentation, a Q&A section was conducted with the audience, including students, professors and researchers from PPE – UFRJ

To see the full presentation, click here.

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