Unable any longer to turn its back on the increasing assertiveness of the clean energy and climate change lobbies, some of the world’s oil-rich countries, though still far from ready to entertain the huge production cuts being demanded by increasing numbers of climate change ‘hawks’ would appear to have finally acknowledged that concessions to the global climate emergency is no longer a viable option; which is why the October 31 to November 3 Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) is likely to attract global attention outside the confines of oil producing countries and businesses seeking to share in the enormous profits to be made from the sector.
Advance global promotion of the event says that ADIPEC will bring together “businesses, thought leaders and energy professionals… to responsibly chart the future for the energy industry.
Scheduled to be staged at the country’s much talked-about Abu Dhabi National Exhibition Centre (ADNEC), ADIPEC, a report on the forum says, will be seeking to be “the platform to translate net-zero pledges into net-zero plans by stimulating debate on the pathways to influence COP 27 & 28 conversations and demonstrating the role of oil and gas in driving smarter, more sustainable, and reliable energy systems.
Given what would appear to be a likely meeting of minds between some of the world’s heavyweight oil producers and converts of the global climate change threat the world will be waiting to see whether anything will come out of the forum that might help to bridge what remains a yawning gap between the two sides.
ADIPEC reportedly provides a platform which showcases new products, solutions, technologies, innovations, capabilities from more than two thousand exhibiting companies in more than fifty-five countries.
The organizers of the forum also say that they recognize that it must take account of changing energy markets, a phenomenon which it says is driven by “a set of micro and macroeconomic trends, transforming the way businesses operate and creating new pathways that drive innovation and sustainability.”
What is expected to be a gathering of more than twelve hundred global policy makers, energy CEO’s and oil industry professionals will reportedly not be avoiding the pressures on the global oil and gas industry arising out of the climate change threat.
A consideration that is unlikely to be overlooked in Dubai is the fact that ADIPEC will be staged less than a week before the start of the November 7-18 UN Climate Change Conference which, at this juncture, will be expected to reinforce strategic commitments that will drive the industry towards reducing emissions and meeting net-zero goals.
