“When a meeting, or part thereof, is held under the Chatham House Rule, participants are free to use the information received, but neither the identity nor the affiliation of the speaker(s), nor that of any other participant, may be revealed.”
£1302.00 … for a one day conference! No wonder these people rule the world!
Leadership in a climate of disruptive change
18 March 2019 – 9:30am 5:30pm
Chatham House, London
Energy Transitions 2019
New Actors, New Technologies, New Business Models
18 March 2019 – 9:30am to 5:30pm
Chatham House, London
A global shift in the energy sector is under way with the rise of renewable energy sources spearheaded by their dominance of investment in the power sector. This is leading to disruptive change as the greater deployment of renewables and many associated technologies, such as storage, are challenging existing business models and threatening the market dominance of the existing actors. At the same time investment in fossil fuels has stabilized, as a slowdown of the financing of coal has been balanced by modest increases in spending in upstream oil and gas.
New global trends, electrification of new sectors such as transport and heating, along with the provision of modern energy services to over a billion people lacking access could further disrupt the energy sector, and the future impacts of these transitions on global energy security and sustainable transitions globally remain unclear.
Therefore, now, more than ever, it is critical that policy-makers and business leaders re-evaluate current and future strategies for delivering the domestic and international energy transition. The fourth annual Chatham House Energy Transitions conference will examine the new drivers of change, focusing on how different economies and industries can make the shift to a low-carbon energy future. Key questions to be explored include:
- What will incentivize an acceleration in decarbonization and drive low-carbon innovation?
- How can new technologies be deployed to transform grid interaction and enhance connectivity?
- What are the implications of the changing policy environment for low-carbon investment?
- How do disruptive shifts in the energy sector affect the prospects for enhancing access to clean, safe and sustainable energy in developing countries?
The Chatham House Rule
To enable as open a debate as possible, this conference will be held under the Chatham House Rule.
Achieving the Paris Agreement’s goal of limiting temperature increases to ‘well below’ 2°C requires environmental leadership to rapidly emerge within the world’s centres of economic policymaking: treasuries, finance ministries and ministries of economy and business.
Plenary Session at the Waddesdon Club 2018 annual meeting
The urgency of climate change dictates that the next generation of leaders must deliver the economic transformation needed; these individuals need to understand how climate and environment challenges will affect their time in power and define their legacies.
The Waddesdon Club is Chatham House’s response – through engaging future leaders, it seeks to equip them with the necessary tools, concepts, language, and capacities for influence needed to advance a mainstream economic agenda for climate change and sustainable development. Core to this approach is an annual retreat at Waddesdon Manor, offering a unique opportunity for participants to deepen their knowledge; widen their peer network, including meeting leading international experts; and share their respective perceptions, experiences and ideas on climate change issues.~
Previous Waddesdon Club Retreats
The inaugural Waddesdon Club retreat was held in October 2016 with a broad focus on the importance of low-carbon industrial strategies in mobilizing capital for low-carbon investment, driving down technology costs, fostering innovation and phasing out high-emitting activities.
The second Waddesdon Club retreat took place in early 2018, with a discussion on the practical policy challenges of managing the green economy transition. Expert speakers highlighted the role of international institutions in shaping norms, policies and financial flows. Participants addressed the need for a vision that brings together poverty alleviation, tackling inequality and addressing climate change for a just transition amidst rapid decarbonisation.
Chatham House ‘Waddeson Club’ at Windmill Hill
Achieving the Paris Agreement’s goal of limiting temperature increases requires strong environmental leadership within economic policymaking. In October 2016, Chatham House used the unique setting of Windmill Hill to convene future leaders in finance and economy ministries from across the globe. The self styled ‘Waddesdon Club’ aimed to enhance understanding of climate and environmental challenges and ensure consideration within policy making at the highest level.
Organised by the Energy, Environment and Resources department and the International Economic departments at Chatham House the ‘retreat’ was attended by leading economic policymakers and experts from the fields of climate science, energy and finance. Utilising the inspiration of Windmill Hill, itself a celebration of the conservation and environmental work pursued by the Rothschild Foundation, attendees shared knowledge on the current political and economic context and explored the intersections of environmental and economic policymaking. With the long term aim of supporting economies to respond more effectively to global change, the event identified recommendations for future discussion.
In order to enhance attendees’ experience and support effective communication, a dedicated mobile app was developed for the event. Co-created by Chatham House and digital tool provider, Lumi, the app allowed real-time updates and feedback as well as being an on-going resource which supports the implementation of ideas discussed at the event.
Chatham House plan to continue the momentum built through the first Waddesdon Club with future events at Windmill Hill.