l{"id":1216516,"date":"2023-04-18T14:43:00","date_gmt":"2023-04-18T13:43:00","guid":{"rendered":"https:\/\/www.businesstelegraph.co.uk\/mit-energy-conference-grapples-with-geopolitics-mit-news-mit-news\/"},"modified":"2023-04-18T14:43:00","modified_gmt":"2023-04-18T13:43:00","slug":"mit-energy-conference-grapples-with-geopolitics-mit-news-mit-news","status":"publish","type":"post","link":"https:\/\/www.businesstelegraph.co.uk\/mit-energy-conference-grapples-with-geopolitics-mit-news-mit-news\/","title":{"rendered":"MIT Energy Conference grapples with geopolitics | MIT News &#8230; &#8211; MIT News"},"content":{"rendered":"<p> <script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<!-- newscabal uk text -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:inline-block;width:728px;height:90px\"\r\n     data-ad-client=\"ca-pub-8162386273903324\"\r\n     data-ad-slot=\"3688094655\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<p>As Russia\u2019s war in Ukraine rages on, this year\u2019s MIT Energy Conference spotlighted the role of geopolitics in the world\u2019s efforts to lower greenhouse gas emissions and mitigate the worst effects of climate change.<\/p>\n<p>Each year, the student-run conference, which its organizers say is the largest of its kind, brings together leaders from around the globe to discuss humanity\u2019s most pressing energy and sustainability challenges.<\/p>\n<p>The event always involves perspectives from the investment, business, research, and startup communities. But this year, as more than 600 attendees gathered on April 11 and 12 for a whirlwind of keynote talks, fireside chats, and panel discussions, common themes also included the influence of Russia\u2019s war, rising tensions between the U.S. and China, and international collaboration.<\/p>\n<p>As participants grappled with the evolving geopolitical landscape, some speakers encouraged moving past isolationist tendencies.<\/p>\n<p>\u201cSome people push for self-sufficiency, others emphasize that we should not rely on trading partners that don\u2019t share our values \u2014 I think both arguments are misguided,\u201d said Juan Carlos Jobet, Chile\u2019s former ministry of energy and mining. \u201cNo country has all that\u2019s needed to create an energy system that\u2019s affordable, clean, and secure. \u2026 A third of the world\u2019s energy output is generated in nondemocratic countries. Can we really make our energy systems affordable and secure and curb climate change while excluding those countries from our collective effort? If we enter an area of protectionism and disintegration, we will all be worse off.\u201d<\/p>\n<p>Another theme was optimism, such as that expressed by Volodymyr Kudrytskyi, CEO of Ukraine\u2019s national power company, who spoke to the conference live from Kyiv. Kudrytskyi outlined Russia\u2019s attacks on Ukraine\u2019s power grids, which included more than 1,000 heavy missiles, making it the largest-ever campaign against a country\u2019s power grid.<\/p>\n<p>Still, Kudrytskyi said he was confident he\u2019d be able to attend the conference in person next year. As it happened, Kudrytskyi\u2019s presentation marked the day Ukraine resumed its energy exports to other countries.<\/p>\n<p>\u201cThe good news is, after all of that, our system survived and continues operations,\u201d he said.<\/p>\n<p><strong>Energy security and the green transition<\/strong><\/p>\n<p>Richard Duke, the U.S. Department of State\u2019s deputy special envoy for climate, opened the conference with a keynote centered on the U.S.\u2019 role in the global shift toward cleaner energy. Duke was among those advocating for a more integrated and diversified global energy system, noting that no country can address climate change on its own.<\/p>\n<p>\u201cWe need to do all of these things in parallel, in concert with other governments, and through the architecture of the Paris Climate agreement that wraps it together in ambitious net greenhouse gas abatement targets,\u201d Duke said.<\/p>\n<p>Following his talk, Ditte Juul J\u00f8rgensen, the European Commission\u2019s director general for energy, discussed the shift in the EU\u2019s energy policies spurred by the Russian invasion of Ukraine.<\/p>\n<p>She admitted the EU had grown too dependent on Russian natural gas, but said the invasion forced European states to revise their energy strategy while keeping their long-term objective of net neutrality by 2050.<\/p>\n<p>\u201cWe see energy security and the green transition as interlinked. There is no energy security without the energy transition toward climate neutrality, and there\u2019s no energy transition without energy security,\u201d Jorgensen said.<\/p>\n<p>J\u00f8rgensen also outlined steps the EU has taken to improve its energy security over the last year, including rolling out additional renewable energy projects and replacing Russian fuel with fuel from the U.S., which has now become the continent\u2019s main supplier of energy.<\/p>\n<p>\u201cThe fight against climate change is our shared ambition, it\u2019s our shared responsibility, and I think we\u2019ve shown over these last few years that we can turn that ambition into action and bring results,\u201d she said.<\/p>\n<p><strong>A challenge and an opportunity<\/strong><\/p>\n<p>Optimism also shone through in the way speakers framed the green energy transition as a business opportunity. In keeping with the idea, the conference included a showcase of more than 30 startups focused on clean energy and sustainability.<\/p>\n<p>\u201cWe\u2019re all battling a huge problem that needs a collective effort,\u201d said Malav Sukhadia of Sol Clarity, a conference exhibitor that uses electricity to clean solar panels as a way to replace water cleaning. \u201cThis is one of the best energy conferences in the world. We felt if you\u2019re in climate tech, you have to be here.\u201d<\/p>\n<p>Technological development was a pillar of the conference, and a big topic in those discussions was green hydrogen, a clean fuel source that could replace natural gas in a number of applications and be produced using renewable energy. In one panel discussion on the technology, Sunita Satyapal of the Department of Energy noted the agency has been funding hydrogen development since the 1970s. Other panel members also stressed the maturity of the technology.<\/p>\n<p>\u201cA lot of the technology needed to advance the ecosystem exists now,\u201d said Laura Parkan, vice president of hydrogen energy at Air Liquide Americas. \u201cThe challenge is to get things to a large enough scale so that the costs come down to make it more affordable and really advance the hydrogen ecosystem.\u201d<\/p>\n<p>Still, panel members acknowledged more technological development is needed to leverage the full potential of hydrogen, such as better mechanisms for storage and transportation.<\/p>\n<p>Other advanced technologies mentioned in panel discussions included advanced geothermal energy and small modular nuclear reactors that could be built and deployed more quickly than conventional reactors.<\/p>\n<p>\u201cExploring these different technologies may actually get us to the net zero \u2014 or even a zero carbon future \u2014 that we\u2019re hoping for in electricity generation,\u201d said Emma Wong of the OECD Nuclear Energy Agency, noting there are more than 80 advanced reactor designs that have been explored around the world. \u201cThere are various challenges and enabling conditions to be addressed, but places like China and Russia are already building these things, so there\u2019s not a technological barrier.\u201d<\/p>\n<p><strong>\u201cGlass half full\u201d<\/strong><\/p>\n<p>Despite the tall tasks that lie ahead, some speakers took a moment to celebrate accomplishments thus far.<\/p>\n<p>\u201cIt\u2019s incredible to think about the progress we\u2019ve made in the last 10 years,\u201d said Neil Brown of the KKR investment firm, whose company is working to build a large offshore wind project. \u201cSolar and wind and electric vehicles have gone from impossibly expensive and hard to imagine penetrating the market to being very close to, if not already at, cost parity. We\u2019ve really come an awful long way.\u201d<\/p>\n<p>Other speakers mixed their positivity with a confession of envy for the opportunity ahead of the young people in the audience, many of them students from MIT.<\/p>\n<p>\u201cI have a mix of excitement from the speakers we\u2019ve heard so far and a little bit of envy as well for the open road the young students and professionals here have in front of them,\u201d said Jobert. \u201cComing back to this place has made me reconnect with the sense of opportunity and responsibility that I felt as a student.\u201d<\/p>\n<p>Jobert offered lessons learned from his country\u2019s struggles with an energy crisis, populist policies, and severe droughts. His talk finished with questions that struck at the heart of the conference.<\/p>\n<p>\u201cThe evidence is clear: The Earth will change. How much is still to be decided,\u201d Jobert said. \u201cThe energy sector has been a central part of the problem. We now must work to become an essential pierce of the solution. Where should we focus our efforts? What can we learn from each other?\u201d<\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block; text-align:center;\"\r\n     data-ad-layout=\"in-article\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-client=\"ca-pub-8162386273903324\"\r\n     data-ad-slot=\"7859258044\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><a href=\"https:\/\/news.mit.edu\/2023\/mit-energy-conference-grapples-geopolitics-0418\">READ SOURCE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As Russia\u2019s war in Ukraine rages on, this year\u2019s MIT Energy Conference spotlighted the role of geopolitics in the world\u2019s efforts to lower greenhouse gas emissions and mitigate the worst effects of climate change. Each year, the student-run conference, which its organizers say is the largest of its kind, brings together leaders from around the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1216517,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_oct_exclude_from_cache":false,"footnotes":""},"categories":[53],"tags":[],"class_list":["post-1216516","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-security"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MIT Energy Conference grapples with geopolitics | MIT News ... - MIT News - Business Telegraph<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.mit.edu\/2023\/mit-energy-conference-grapples-geopolitics-0418\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MIT Energy Conference grapples with geopolitics | MIT News ... - MIT News - Business Telegraph\" \/>\n<meta property=\"og:description\" content=\"As Russia\u2019s war in Ukraine rages on, this year\u2019s MIT Energy Conference spotlighted the role of geopolitics in the world\u2019s efforts to lower greenhouse gas emissions and mitigate the worst effects of climate change. 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