ONS’ Post

Newsom Consulting Ltd had the privilege to attend the 2024 Equity, Diversity & Inclusion in Energy Conference, hosted by the Energy Networks Association (ENA) at the QEII Conference Centre in Westminster. One of the key takeaways came from Cordi O'Hara OBE FEI, who actively highlighted the importance of diversity in the clean energy transition: “At a time when we need to move faster towards a clean energy transition, we must build a workforce that challenges group think, brings diversity of thought, ideas, and experience, and provides new equitable solutions. We need to leverage opportunities along the way, such as working together across the ENA to drive the DEI sector-wide – by working as a collective, we can enable the change we are all individually working towards.” This inspiring takeaway underscores the critical role of DEI in driving innovation and achieving our clean energy goals. #DEI #CleanEnergy #Innovation #EnergyTransition #DiversityInclusion #TeamWork #EnergySector

Australia’s role in the global energy transition was debated at this week’s CEDA - Committee for Economic Development of Australia Climate & Energy Conference in Brisbane with our CEO, James Harman, engaging in a thought-provoking discussion with Rod Sims, Paul Gleeson, Larry Marshall, Sharan Burrow and facilitator Melinda Cilento. For Australia to become a renewable energy superpower, we should embrace innovation, using every tool in the kit – we also need progressive policies and strong regulatory support to secure the investment needed.

Some takeaways from the Equity, Diversity & Inclusion in Energy Conference: According to the Energy Networks Association (ENA) data collection: - 100% of the companies that participated proactively collect diverse data about current employees. - 92% have DEI strategy/goals aligned with the overall organisational goals. - 67% have a dedicated DEI team and/or a Chief Diversity Officer.

De-risking the Global Energy Transition: Insights from Paris I had the privilege of joining the panel focused on "De-risking the Global Energy Transition" at the Dii Partner Meeting in Paris, today. The session, moderated by Kelly Malone, Partner at King & Spalding, brought together key thought leaders: Laurence Boisramé, Global Director, Hydrogen & CCUS, Bureau Veritas Petra Schwager, Chief, Climate and Technology Partnerships (CTP) Division, UNIDO Cornelius Matthes, CEO, Dii Desert Energy One key takeaway from the panel was the critical importance of learning to lower risks in investment decision-making. Highlighted during our discussion, we are in a race against time to decarbonize, as climate change is accelerating and impacting everyone globally. The risks of not acting are far greater than any investment risk we might take. The unthinkable costs of climate change will not only affect our economies but also all parts of our societies. A special recognition must go to the courageous pioneers, who advance with innovations and large projects in the energy transition, despite the inevitable risks they take. These companies and individuals are the real heroes of our time, taking the risks and creating the learnings that benefit us all. It's clear that proactive investment in sustainable energy solutions is not just a financial decision, but a necessary step to secure our future. #EnergyTransition #Sustainability #ClimateAction #CleanEnergy #DiiPartnerMeeting #thyssenkrupp

The transition to renewable energy must be fair. Join us next week on 22 October, 2 PM CET, to learn how #IndigenousPeoples and #Financial Institutions can collaborate for a just, inclusive energy transition. This webinar will highlight key insights from the new report Exploring Shared Prosperity: Indigenous Leadership and Partnerships for a #JustTransition, co-created by The Indigenous Peoples Rights International (IPRI) and the Business & Human Rights Resource Centre (BHRRC). Discover how we can ensure economic and social benefits are equitably distributed through co-ownership and benefit-sharing models. Let’s build a future where people and the planet thrive. Register here: https://ow.ly/UMB950TCamk

What will it take for Equinor to become Paris-aligned? That was the title of a webinar that Norsk klimastiftelse (Anne Karin Sæther) ran, with contributions from Australasian Centre for Corporate Responsibility (ACCR) (Alex Hillman), Sarasin & Partners LLP (Natasha Landell-Mills, CFA) and CICERO - Center for International Climate Research (Glen Peters). And the answer from all 3 involved analysts and researchers was pretty unanimous: Equinor cannot invest in any projects outside of the Norwegian shelf, and there also only - possibly - around existing infrastructure. The clou: this stop of investment would boost shareholder value! Why is Equinor claiming that they need to invest into new projects all over the world, to keep shareholder value up? And why are they claiming that they would still be aligned with the goals of the Paris agreement while investing into new oil and gas projects while they clearly are not? Both ACCR and Sarasin come to the conclusion, that the reason lies in the methodology that Equinor uses to evaluate the impact of these investments to both shareholder value, as well as alignment to the Paris agreement: they use numbers from the past. But as the usual disclaimer for every investment vehicle states: "Past performance is no guarantee of future results." Additionally all 3 contributors showed the claim from Equinor to be untrue, that they need to invest to be able to support future investments in renewable energy: the opposite is true. At least until 2050 Equinor will have less funds at hand to invest into renewable energy if they continue to invest into new fossil fuel projects in parallel. In total, this was one of the most informative presentations on the subject I have ever witnessed. If you are interested: these are 60 minutes of your time well spent! https://lnkd.in/dks7Rp7z Andreas Bjelland Eriksen, Benjamin Arvola Notkevich: why is Norway as majority owner not stopping these investments, or at least questioning Equinor's strategy, and its number base for it? This is not rocket science, but clever analysis of official numbers from Equinor itself. Which somehow Equinor seems not to be able or willing to do. BTW: Equinor declined to participate... #stopburningstuff #juststopoil #energytransition Multiconsult #ambassadør

On Thursday, 5 December, Orgalim's Acting Director General & Deputy Director General Olivier JANIN will participate in a panel on the Clean Industrial Deal at POLITICO Europe's Sustainable Future Week. Along with other experts, he'll examine the question, 'Competitive and green: can the Clean Industrial Deal ensure Europe has it all?' Apply to attend in person or watch online 10.10-10.55, 5 December: https://lnkd.in/eWbkqhGH #POLITICOSustainableWeek

A very insightful discussion on the role of the R&I in the energy intensive industries during the EU R&I Days 2024! Bringing the national level experience from Austria, Henriette Spyra highlighted the need for integration of R&I results and cooperation: cross-sectorial actors, public and private sector, national and international levels need to meaningfully engage. “Not being successful is not an option. We must manage to be decarbonised without being de-industrialised. We should see it as a race, a race for the future.” The industrial side was represented by Ilse Kenis, Carmeuse Technologies, who not only highlighted the specificities in the decarbonisation of the lime sector, including the link to carbon capture/sequestration, but also the importance of accelerating the scale up of the results of R&I projects for reaching the Green Deal objectives. “Innovation is stepping up to levels never seen in the past. Not only in product innovation but also process innovation.” Deputy Director General Signe Ratso reminded of the ongoing work by the European Commission on building a comprehensive approach to industrial transformation and R&I deployment, including via regulatory environment, projects within Horizon2020/Horizon Europe programmes and industrial partnerships. “The EU is building a comprehensive approach to boost industrial transformation toward climate neutral competitive industries for the future in line with the Green Deal Industrial Plan.” It was a pleasure to bring together such a great (and gender unbalanced) panel and listen to the expert views! Looking forward to further work on the R&I deployment agenda for decarbonisation of energy intensive industries. 

The transition to renewable energy must be fair. On 22 October, 2 PM CET, learn how #IndigenousPeoples and #Financial Institutions can collaborate for a just, inclusive energy transition. This webinar will highlight key insights from the new report Exploring Shared Prosperity: Indigenous Leadership and Partnerships for a #JustTransition, co-created by The Indigenous Peoples Rights International (IPRI) and the Business & Human Rights Resource Centre (BHRRC). Discover how we can ensure economic and social benefits are equitably distributed through co-ownership and benefit-sharing models. Let’s build a future where people and the planet thrive. Register here: https://ow.ly/FBch50Tv0Uq

#MeetTheTeam! Today: the always optimistic Lisa Läckgren Haukaas 😊 Lisa is working with our Swedish and Danish assets, from early-stage development to operations. Lately, Hydro Rein has developed and acquired a sizable wind and solar project portfolio in the two Scandinavian countries. What motivates you, Lisa? "I'm motivated by the fact that I can contribute with the green transition for industries by developing clean and green power. Another thing that motivates me, is that we aim to remain an owner through the lifetime of our projects, meaning that when developing projects we work with a long-term focus." What makes Hydro Rein different? "Hydro Rein's ambition is to be a long-term owner of the projects, which historically hasn't been a common approach among developers. I think a long term focus is key when working with sustainability and stakeholders in the hosting municipalities."