National Oil Companies’ Roles in Renewable Energy and Economic Diversification
A growing number of oil companies have announced intentions to shift their business model “from barrels to electrons” and to invest in renewable energy. NOCs are no exception, and some governments are looking to their NOCs to help drive growth in clean energy. Most of these plans have been short on detail however, and NOCs’ financial incentives and status within the legacy oil and gas industry create questions about their paths to adaptation. And while renewables can provide a sustainable alternative supply of domestic energy, they are unlikely to replace oil as an export commodity to underpin countries’ economies.
Can NOCs also promote and support development of new sectors to help meet their governments’ objectives of economic diversification? Speakers in this session will examine the pros, cons and challenges associated with efforts to adapt NOC business models for a low-carbon future.
Featuring:
- Joe Amoako-Tuffour, Secretary and Member of Ghana's Economic Management Team, Office of the Vice President, Republic of Ghana
- Devapriyo Das, Senior Communications Advisor, Ørsted
- Angela Picciariello, Senior Research Officer for Climate and Sustainability, ODI
- Aaron Sayne, Senior Governance Officer, NRGI
This event is the second webinar in the NRGI-IISD series National Oil Companies and Climate Change following the launch event in April.
Upcoming events
IISD at the WTO Public Forum 2021
The International Institute for Sustainable Development (IISD) will be continuing its tradition of participating in the World Trade Organization’s (WTO's) largest outreach event, the Public Forum, in September 2021.
IGF 17th Annual General Meeting
The 2021 IGF AGM will focus on the theme Building Tomorrow Together: Mining for a Responsible and Inclusive Future.
Linking Adaptation and Mitigation: Addressing Climate Change Through Integrated Responses
In this event, we will revisit why integrating adaptation and mitigation is needed, and explore how to identify and plan integrated and holistic actions that address climate change adaptation and emissions reduction for a healthy, resilient zero carbon future.
Shining a Light on the Social Dimension of Sustainable Finance
Experts will explore the different approaches and tools for integrating the social dimension into sustainable finance, and how to measure impact and advance quality data for this purpose.