Panel – The resource and energy agenda: a growing competitive advantage for corporations and governments

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Session recap

Energy on the verge of transformation, say industry experts

In 2013, renewable energy accounted for more than 56% of new additions to global power capacity. This comes against a backdrop of growing concern over energy security and volatile prices, climate change regulation, a dissatisfied customer base, an aging and demoralized workforce in utility companies, and a struggle to recruit talent.

According to panelists, these factors mean the energy industry is on the verge of major transformation, with huge opportunities for those with the vision to help it change.

Corporations and governments need to respond, but policy-makers in developing countries, who offer subsidies to companies burning fossil fuels, face the added challenge of balancing the wealth and job creation so critical to their economies with clean energy targets.

The panel also suggested that more recent initiatives like shale gas fracking only offer a short-term fix. The real answer to the energy challenge lies in technology.

Panel chair

EY - Gil Forer

Gil Forer
Global Leader, Global Cleantech Center
EY

  
Panel members

 

EY - Datuk Dr. Rebecca Fatima Sta. Maria

Datuk Dr. Rebecca Fatima Sta. Maria
Secretary General
Ministry Of International Trade and Industry (MITI)

 

EY - Stephan Dolezalek

Stephan Dolezalek
Managing Director
VantagePoint Capital Partners

 

EY - Dr. Jeremy Leggett

Dr. Jeremy Leggett
Founder and Chairman, Solarcentury and SolarAid
Chairman, Carbon Tracker and Firefly Solar

 

EY - James C. Davis

James C. Davis
CEO
Smart Wire Grid