(Finance) – The stock exchange opened today in Milan GET 2024 “Global Energy Transition Congress”. The event aims to bring together and stimulate synergies between the world of low-carbon energy and high-carbon industries, around the urgent need to develop and scale up decarbonisation technologies that can accelerate the energy transition.
During the opening ceremony, the former Prime Minister of the United Kingdom and Northern Ireland, Tony Blairand Executive Chairman of the Tony Blair Institute for Global Climate Change, stressed the importance of act by avoiding unnecessary sensationalist alarmismAccording to the former British Prime Minister, the political instruments needed to resolve the crisis exist, but it is necessary a more effective organization globally.
The former Secretary of State of the United States of America is of a similar opinion. John Kerrywhich however shifts the attention on the technological deviceswhich can be a formidable ally for the ecological transition. A pragmatic example are solar panels, which in less than ten years have almost tripled their efficiency in relation to their size. Even artificial intelligenceaccording to John Kerry, will have a fundamental role in managing energy needs, being able to prevent variations in absorption and therefore allowing any deficiencies to be addressed in advance.
The energy infrastructure is therefore a fundamental element for the green transition. According to James AppathuraiSecretary General for Innovation of NATO, the ecological transition is not a priority, because energy distribution systems are an element fundamental but extremely vulnerablewhich must be made safe before any other intervention. According to the secretary, the infrastructures have been conceived and created in times of peace and they may not be suitable for a world with strong geopolitical tension like the current one, and he cited the recent case of the war in Ukraine, where Russia has concentrated many of its war efforts precisely on sabotaging the electrical grid.
Technology therefore remains the cross-cutting element in almost all the topics discussed within the Global Energy Transition Congress, but according to Alexander CleanCEO and General Manager of Saipemthe problem is mainly in the costs: technological investments must in fact be thought out and planned for the long term in order for them to be truly effective, and in this sense the regulations must try to be as stable as possible. An important example of energy transition are the wind turbines that will make up the future €500 million park built off the coast of Normandy, which will rest on the same types of foundations designed in the past for oil platforms.
The Global Energy Transition Congress 2024 It’s scheduled in Milan from 1st to 3rd July and will welcome 300 Ministers and CEOs in more than 70 conferencesin addition to more than 2,000 delegates, 200 participating companies and 16,000 visitors representing the new ecosystem emerging from energy transitionbrought together to foster innovative partnerships and promote businesses and policies to support the path towards “net zero” emissions.