THE ABDULLAH BIN HAMAD AL-ATTIYAH INTERNATIONAL FOUNDATION
FOR ENERGY & SUSTAINABLE DEVELOPMENT
  • العربية
  • Doha
    +18°C

CEO Roundtable 2017

CEO Roundtable 2017

What are the Implications of the Paris Agreement for Oil & Gas Companies in Qatar?

 The Al-Attiyah Foundation hosted its 5th CEO Roundtable on 12 September 2017.

The backdrop for the CEO Roundtable dialogue was the increasing top-down/bottom-up climate action being witnessed globally.  The top-down action by governments has increased in speed and scale over the past five years, with many countries making serious commitments, collectively and individually. The bottom-up actions by the private sector and other stakeholders are outpacing the international process, on many fronts.

As an intimate group, the CEOs from Qatar’s energy and business sectors came together to share their own views and company’s response to the Paris Agreement and beyond. The conversations were private but the content is now published in a white paper which is available to Members on the Foundation’s website.  

A little peep into what is happening:

We see more than 500 climate change laws in 60% of countries, covering 80% of global emissions.

  • We see large institutional investors diversifying into climate smart investments.
  • We see the green bond market growing exponentially, along with understanding of climate-related risk.
  • We see increasing call for a stable and substantial global price on carbon.
  • Even large oil and gas companies now apply shadow pricing on carbon.
  • We see emission reporting increasing and improving, revealing where easy mitigation lies.
  • We are also seeing a gradual move towards carbon neutrality.

The world-renowned guest speakers included: Dr Dirk Forrister, CEO and President, International Emissions Trading Association (IETA), Dr Karsten Sach, Member of the GCF Board, and David Hone, Chief Climate Change Advisor, Shell International Ltd.  The group touched upon the local and global implications of the Paris Agreement, Qatar’s ecological footprint and the major challenges faced by oil and gas companies as the world moves towards a low carbon economy