UTC Market Insight Session  - LIVE from DNB Bank in Bergen 

Thomas Weight, Energy Perspectives Project Manager - Equinor

Presentation Exec summary:

As the world begins to show the first signs of recovery from the global pandemic, the scope and direction of that recovery has been brought into the spotlight. The decisions we make now will have profound affects on the future of economies, societies, and the global energy landscape.

Energy Perspectives presents three different paths from where the world is today, all the way to 2050, and shows where our decisions may lead. At the centre of Energy Perspectives is a recognition of the massive changes global energy markets will go through over the next thirty years.  If the climate targets set out in the Paris agreement are to be met, international cooperation between governments, innovation across industries, and profound changes in consumer behaviour, will be required. These changes are far from certain.  Energy Perspectives addresses these challenges and offers insights that can inform discussions and build a greater understanding of the decisions the world faces.

Herlaug Fyhn, Business developer sustainable finance - DNB Corporate Banking:

Presentation Exec summary:

If EU is to meet its commitments under the Paris agreement, it will require huge investments and the transition to a net-zero emissions society cannot be funded by the public sector alone. 

Therefore, EU has decided to introduce a set of regulations that will incentivise and steer private capital into the technologies and infrastructure that will decarbonise the European economies. 

EU's action plan on sustainable finance means that the sustainability profile of companies is increasingly impacting their access to - and cost of - capital. 

How is this expected to impact the oil and gas industry – and what is the banking sector doing to assist the energy transition ahead?