• Lead-organizer: United Arab Emirates
  • 19:00 - 20:30
  • Date: 20 Jun 2012
  • Room: P3-A

Black gold and the green economy: hydrocarbon exporters' perspectives

Organizing partners

Lead: UAE
Co-organizer: Norway


The ten years post-Johannesburg have witnessed a tectonic shift in the development strategies of major hydrocarbon exporters. The UAE and Norway now occupy a unique position in the Rio landscape – two of the world’s largest and most reliable oil and gas providers and reserve owners, but also two of the largest investors in clean technology, national human development, and overseas aid (at 1% of GDP annually), navigating seemingly contradictory imperatives. This side event reviews the case for sustainability in hydrocarbon exporting countries, as well as their role in the global transition to sustainable development. Panel discussion by senior representatives from Masdar, the IEA, Bloomberg New Energy Finance, Statoil, WWF, Dubai Supreme Council of Energy, and the Carbon War Room will illuminate the lessons for implementation of the Rio+20 agenda through the unique experience of the global economy's essential fuel suppliers.

Detailed programme

Following remarks from UAE and Norwegian ministers, the moderator will lead a free-flowing discussion among the panelists, drawing from their diverse perspectives.

Discussion questions include:
Why are hydrocarbon exporters pursuing green growth measures? What are the circumstances that precipitate “green” intervention in the market where energy supply concerns are comparatively mild?
Demand for hydrocarbons is only increasing, especially in developing countries where energy underpins social and economic betterment, and it is neither feasible nor desirable for exporters to reduce supply in the market. How should the Rio agenda accommodate this situation?
What does the direction of the energy market mean for hydrocarbon exporters’ sustainability efforts both at home and abroad?

Confirmed Participants:
Moderator: José María Figueres, President of Carbon War Room and Former President of Costa Rica
Bader Al-Lamki, Director of Clean Energy and Carbon, Masdar
Phillipe Benoit, Head of Energy Efficiency and Environment, IEA
Michael Liebreich, CEO, Bloomberg New Energy Finance
Hege Marie Norheim, SVP of Climate, Statoil
Samantha Smith, Global Head of Climate, WWF
Nejib Zaafrani, CEO, Dubai Supreme Council of Energy
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