Ten crucial years
2020 marks the beginning of a very important decade. By 2030, Norway and Europe must achieve emission cuts of at least 40 per cent. At the same time, the transition to a low emission society must be in full swing.
At the Enova Conference, we gaze into the crystal ball and try to identify the choices we must make today to make sure we are where we need to be in 2030 and 2050.
The Enova Conference is a climate conference which addresses how Norway will create values on the way towards – and in – a society where emissions must be steadily reduced to a minimum.
Preliminary program 28 January
In the opening session, the Norwegian Government and the CEO of Enova, Nils Kristian Nakstad, will share their perspectives, after which chief economist Øystein Dørum of NHO (Confederation of Norwegian Business and Industry) will offer his assessment of how the transition the world must undergo will impact our oil-dependent economy.
The first ordinary joint session has been called Companies in transition. Here we will get a closer look at how companies with different starting points are seizing the opportunities inherent in the transition the world is facing.
Equinor itself has stated that they are well on their way from being a pure fossil company to becoming a broad energy company. We challenged EVP of New Energy Solutions Pål Eitrheim to tell us about how Equinor views the world and the company in 2030, while the Chinese electric vehicle and electric bus giant Build Your Dreams will talk about how they think the transportation revolution will transform the European transportation market over the next decade. These are just two of the companies we will hear from during this session.
After lunch, the stage will be set for the first round of parallel sessions where four options are available:
1. What must happen when everything runs on electricity? looks at the challenges entailed by increasing electrification in society.
2. Capital market 2020–2030 looks at how climate risk will impact access to capital in the next decade, and how companies can prepare for this.
3. Circular value chains and climate accounts – changes in the construction sector toward 2030. Circular economy has become a recent buzzword, and there is much to indicate that the next decade will be the decade when this concept is truly fleshed out with practical content. How will this circular mindset challenge prevailing business models and create fertile conditions for new ones?
4. Urban distribution in the low emission society – more than just emission-free cars. Cutting emissions from the transport sector will be crucial in the years to come, but if we are going to create a system of logistics that is sustainable in the future, it is not enough to replace fossil cars with emission-free cars. We have to come up with the smart ideas and cut emissions at the same time.
The second round of parallel sessions will have five options:
1. When the young people take over: Will climate activism change Norway? We examine the power potential in young executives, decision-makers and consumers exhibiting preferences that differ from previous generations.
2. Technology costs: How will the price development leading up to 2030 affect the transition? will shed light on a key premise for the pace of the transition we’re currently in.
3. Solutions for a flexible energy system will take a closer look at a few practical solutions and the business opportunities to be found in the challenges entailed by electrification.
4. Which energy carriers will be used in the heavy transport of the future? While electrification will largely solve the emission challenges in personal transportation, the situation is far more challenging for freight transport. Here the choices made in Norway and the world will be crucial.
5. How can energy and climate cuts become good business? A decade during which emissions must be cut drastically means that many players and businesses will need help to achieve their goals. Combining value creation with emission cuts will open up significant opportunities. We will look at concrete examples of business models that have taken on this challenge.
The first day of the conference will be closed with the joint session Humans in transition. In our roles as executives, decision-makers and consumers, we are all important in the great transition. Why do we behave the way we do when faced with necessary changes, and why are we doing so little? And are there movements under way that give hope for more climate action?
Finally, we will hear the most original speech of the day: Svend Brinkmann is a professor of psychology and one of Denmark’s most popular speakers. His speech will be about the art of restriction in a turbulent time.
Preliminary program 29 January
The day will start with parallel sessions with the following four options:
1. Crash course in sustainable business models. Professors Sveinung Jørgensen and Lars Jacob Tysnes Pedersen from NHH will give an introduction in how businesses can establish sustainable and innovative business models.
2. Price of carbon toward 2030? will present prognoses for how the different energy carriers will be affected by the price of carbon credits and taxes. How can businesses prepare for what’s coming?
3. Is the coast clear? Here we will focus on the infrastructure and energy carriers that will be necessary to navigate toward emission-free shipping. We are facing important choices in the next ten years, and Enova is pleased to present a scenario analysis and new measures, hot off the presses.
4. Smart, mobile communities: How can social and structural innovation play a key role in the transition?Technology innovation is not enough to reach a low-emission society. What else needs to be done?
The professional program will close with a joint session summary we have titled Norway in transition. Here we will attempt to pick up all the threads of the conference: Which strategic decisions should Norway and businesses make over the next ten years to succeed in this transition? For those who want to stay in Trondheim after lunch, there will be different Smart Tours available to look at relevant projects and businesses in the Trondheim area.