Bridging The Gap

The decades to come will see an increasing focus on limiting the environmental impact of worldwide energy demand growth by reducing carbon dioxide (C02) emissions. The International Energy Agency (IEA) has estimated that more than $45 trillion in investment will be required to produce the halving of global CO2 emissions by 2050 called for by some world leaders. While there have been early signs of progress in this proposed “decarbonization” of the global economy, the pace of expected growth dictates that oil and gas will continue to play an integral role in meeting the world’s energy demand, even as renewable alternatives are developed. These and other themes were discussed earlier this week at the Japan Society, where head of Poten & Partners’ Tanker Department activities, Jeffrey Goetz, moderated a presentation by IEA Executive Director, Nobuo Tanaka. Download here