Category: New Energies

The Bridge Tank at the BOAO Forum for Asia 2022: Promote Energy Integration and Build Green World

The BOAO 2022 Forum was held from April 20 to 22 in a hybrid mode, aiming to conduct an open dialogue in a post-COVID world and on the prospects of common development in the world of tomorrow.

Since 2018, The Bridge Tank has participated in the annual “Chinese Davos” event. Our President, Joel Ruet spoke at a high-level panel in the presence of Mr. Ali Obaid Al Dhaheri, Ambassador of the United Arab Emirates to China, Mr. Baodong Li, Secretary General, BOAO Forum and former Vice Minister of Foreign Affairs of China, Mr. Mr. Jizhen Liu, Academician of Chinese Academy of Engineering and Director of State Key Laboratory of Alternate Electrical Power System with Renewable Energy Sources, Mr. Hailiang Song, President of China Energy Engineering Group Co, Mr. Jianhua Hu, President of China Merchants Group and Mr. Haiping Xiang, Chief Engineer of China National Energy Administration.

In his speech, Joël Ruet spoke about the global issues related to energy integration and trajectories. He stressed the importance of “deep decarbonation technologies” in accelerating net zero emissions by 2035-2040. Until then, he added that each country or territory will have a role to play to have its own “transition trajectory”, not only adding renewable energies but also integrating them into the networks with a more rational and efficient use.

Joël Ruet addressed the issue of adaptation, which must no longer be looked separately from other issues. He illustrated his remarks through the example of carbon sinks, which have be created from optimized ecosystems everywhere, not only in forests, but also in savannahs or mangroves.

Dr. Ruet also demonstrated that energy trajectories are already low-carbon, which is particularly the case for Africa and most of the G77 countries. It is important that these trajectories are recognized as such and therefore funded by the North and that technology and know-how transfers are funded accordingly.

In response to the question of how to implement global support to energy trajectories of the global south, the President of The Bridge Tank proposed two solutions: first, allow the South to manage itself with more funding to create local champions, keep the gas trade open to them, and ensure that their carbon sinks are recognized as an incentive to develop them; and second, enable their local financial entities to play a larger role by recognizing that “risks” are over rated there in comparison to actually high profitability.

As in the 2021 edition, Joël Ruet was one of the three French speakers, representing the circle of Think Tanks, alongside Jean-Pierre Raffarin and Henry Giscard D’Estaing, who respectively represented the political and economic worlds.

Read here the agenda of the BOAO Forum 2022.

Analytical report: China’s value chain strategy on cobalt – lessons for EU

Strategic materials are ubiquitous in all sectors relevant for the green economy and the energy transition. Regarding cobalt, it owes its current visibility to its increasing use in low carbon technologies, also called green technologies (renewable energy and rechargeable batteries). Cobalt is used as an input in the magnets of wind turbines, and for the production of the cathodes of lithium-ion and nickel metal hydride batteries, which are then incorporated in electric or hybrid vehicles. In the current context of the electrification of mobility, cobalt is therefore regarded as a strategic material. The production of cobalt is however one of the prime examples of the unequal distribution of the earth’s resources, the metal being extremely concentrated in one country: the Democratic Republic of Congo (DRC), who represents 70% of global production, and the DRC’s reserved are controlled substantially by what has now become an unavoidable actor in the cobalt value chain: China.

As a continuation of our work on analysis China’s materials strategy, we have developed a report to analysis how China has imposed itself on the cobalt value chain, both upstream and downstream, and has progressively managed to build itself a comparative, if not absolute, advantage. This report aims to conduct a combined analysis of the strategies that have been implemented both by the Chinese government as well as industrial actors in order to gain this hegemonic position on the value chain. These strategies have allowed for the constitution of a resilient and dominant Chinese ecosystem around the cobalt value chain on the international stage.

Read our report here

Side event “From COP 26 Glasgow Commitments to COP 27 Egypt Opportunities: The MENA perspective Confirmation”: participation of our Board Members

On the occasion of the first edition of the UNFCCC MENA Climate Week, from 28th – 31st of March, hosted by the Government of United Arab Emirates, Liberal International, of which The Bridge Tank is a member has organized a virtual side event on 29th of March named: From COP 26 commitments to COP 27 opportunities: The MENA perspective.

The purpose of this event is to tackle the challenges and opportunities stemming from the shared commitment that was agreed at COP 26 in Glasgow, while looking ahead at COP 27 Egypt as an opportunity to increase ambitions. Moderated by the President of the Liberal International, UN High-level climate champion and our Board Member, Hakima El Haite asked a series of questions to each of the speakers.

Among them, our Board Member, Stéphane Gompertz was present in his capacity as former French Ambassador in African countries and Special Envoy for COP 21. He was first asked to give his perspective for the COP 27.

His vision for the next Conference of the Parties reflects the difficulties of raising the climate ambition and maintaining efforts in a context of tensions (COVID-19, War between Ukraine and Russia and War in Yemen). The different crises and current wars shift the priorities of the states and public spending. Money is spent more on wars than for climate action. The political ambitions aren’t now and won’t be as high as it was during the COP 21 and the COP 22. The COP 27, will take place in Sharm El-Sheikh in Egypt, will have the difficult task of pushing the Parties’ effort to:

  • Help to pursuit government and public opinion to have a look in the future.
  • Push for solutions.
  • Continue to promote good practices in the field of adaptation.

Stéphane Gompertz then explained what should be done to keep the 1.5°C? He said that we have to look ahead. States act in the short and long term. Energy is a good example. In a short term basis, countries will use more fossil fuel. In a long term basis, we will see the positive effect on energy policy. For instance, France undertakes nuclear, without it, it won’t be enough effort to commit climate targets. However, the question of nuclear power is again debated in France in this electoral and the War between Ukraine and Russia context. But it is important to measure the risks over time: living with temperatures above 2-3°C or living with an energy mode low in CO2 emissions.

Mrs. Susana Rivero Baughman, who is the Foreign affairs and Cooperation Adviser at the Secretary of Climate Action, Government of Catalonia gave a short presentation of International Liberal’s action to Climate Justice Committee, which has recently adopted a policy paper “Liberal Perspectives on Climate Justice”. Mrs Baughman expressed the lack of actions between climate change and human rights and this is what the International Liberal is willing to do by developing a Policy Lab and strengthening their presence in COPs and international forums. She finally highlighted that the COP 27 will offer plenty of opportunities for Africa.

Mr. Sveinung Rotevatn, who is Former Minister of Climate and Environment in Norway, developed an evaluation form the COP26’s achievements. For Mr. Rotevatn the COP 26 was a success for 3 reasons:

  • Finish the Rule Book of the Paris Agreement, which constitutes a common framework among Parties.
  • Increase ambition. Bigger emitting countries increase their ambitions, most countries raise their ambitions in NCDs, the USA are back in the Paris Agreement and we keep the 1.5°C objective alive.
  • Sufficient commitment to increase finance: developing world can have confidence from the financing mechanisms. Industrial countries promise to double their climate finance. Pledges were made and it was well received from most developing countries.

He then explained that after 2 years of global pandemic, we have not lost the long term aspect of the climate crises. He then emphasized that Norway is one of the leading financiers and that the country will double its efforts in climate finance, notably for the preservation of tropical rainforest and mitigation and adaptation. He finally said that pollution tax is a necessary tool for a fair transition and support climate transition at country level, whereas at the global level, climate finance is a necessary tool.

Mrs Rania Al-Mashat, who is the Minister for International Cooperation of Egypt explained what will be the objectives and opportunities for the COP 27 in three messages:

  • The COP 27 is going to be impartial, even though this COP is organized in Africa.
  • Adaptation & resilience will be central and was one of the main outcomes from COP26.
  • Commitment to actions.

Mrs. Al-Mashat emphasized the outcomes from Glasgow, asking open questions that will need to be answered at COP 27.The private sector’s role need to be increased: “We are going from billions to trillions”. It is also important to think about how can we operationalize what it have been pledge. How to derisk green investments? How can we create opportunities for the blended finance? There is not enough operationalize projects financed. How can we leverage from successful countries and to replicate them?

The Bridge Tank Report – Renewable Energy auctions in Kazakhstan in light of Brazil, South Africa, Turkey, India and Germany

In the context of our accelerating and transforming economic and energy systems, renewable energy auction systems have contributed in some manner to stimulating the renewables sector over the past decades. This is mainly due to the lower costs of new technologies, useful for emerging countries lacking investment resources, but also to the political implementation of this auction mechanism by becoming a model instrument for clean energy.

To understand renewable energy auction systems and mechanisms, we conducted an analysis to lay elements of designing a methodology support of conducting renewable energy auctions in the scope of country experiences (Brazil, South Africa, Turkey, India and Germany) in order to identity the more or less effective auction system and sort the mechanisms and processes that could be replicated in other countries, contributing to the acceleration of the renewable energy market. Based on the results, we then drew up a methodology to support auction developments, particularly useful in developing countries. To ensure its relevance, we tested it on the case of Kazakhstan.

Read here our report (English): Renewable energy auction_report_221121

COP26 side event – Liberal International’s Declaration for Climate

8 November 2021, The Bridge Tank, an Observing Member to Liberal International participated to an online roundtable event on the fringes of COP26, hosted by ALDE Party and Liberal International.  Liberal policymakers and representatives from partner organizations congregated to share their views and exchange information on the ongoing United Nations Conference on Climate Change. The event was chaired by ALDE Party acting co-President Timmy Dooley and President of Liberal International Hakima El Haité.

The participants discussed the role of liberals when it comes to influencing the sustainability agenda in the next years, with a particular look at the first week of negotiations and an eye towards the second and final round of negotiations. Moreover, they also stressed the importance of the liberal voice, including younger generations, when it comes to building back better from the pandemic and generating jobs and growth as well as for the respect of rule of law across the globe.

At the end of the roundtable, the participants adopted a pledge calling on states to increase their climate ambitions. In this pledge, the participants called for stronger international cooperation to raise climate commitments and implement them, called on states to submit more ambitious NDCs, and urged for more technical and financial support to be granted to developing states to improve their capacity to take climate action. 

“Protection of global biodiversity is also essential to combat environmental degradation and climate change. Our planet is currently facing its sixth mass extinction as a consequence of human activity, and it is disrupting ecosystems around the world, threatening our food production, and increasing risks of pandemics. We must take bold and rapid action now to change this, and therefore call on states to include biodiversity protection as a central part in their climate action plans.

The time for talk is now over – the only option left is action.”

Special Report – Moving ahead of COP26 & COP15: finance & coalitions for hydrogen & the blue economy

In the context of international negotiations on climate and biodiversity (COP26 and COP15), The Bridge Tank has developed analyses on global priority topics, these international conferences of which are considered as some of the most urgent.

This report aims to contribute to the global and diplomatic discussion on climate change and biodiversity challenges. Through deep academic and scientific review, we designed method, foresight, and recommended solutions, divided into 4 chapters. The first two chapters put forward positions, structuring and global elements on adaptation, finance and governance while forcing action at different scales. The second two chapters develop scientific, industrial and technical theories on operational subjects.

The first chapter addresses the ADAPTATION FINANCE mechanisms with a specific focus on blended finance as an efficient tool to finance emerging economies. Our analyses allow us to identify various tools for scaling up climate action.

The second chapter deals with the innovative approach of COALITION into the climate change negotiations toward bottom up and regional coalition by involving non state-actors.

The third chapter focuses on the place HYDROGEN can take in the energy transition as an upcoming energy vector. It underlines the specific economic and political dynamics that characterize the hydrogen ecosystems and puts forward possible bottlenecks that could impede its effective scale up for industry uses in the coming years.

The last chapter explores the need to work towards a transition to a BLUE ECONOMY in coastal territories worldwide and more specifically in the Indo-Pacific. This chapter highlights the fact that the ocean industrialization needs to be limited and coastal ecosystem and blue economy value chain should be better integrated.

 

Edited by: Malaurie Le Bail and Joël Ruet

Contributors: Baudouin Becker, Clarisse Comte, Florian Dommergues and Malaurie Le Bail

Proofreading and graphic design: Jacqueline Duan

Read here our report: Final report_climate change and biodiversity_TBT_Nov21

COP26 side event – Liberal International’s Declaration for Climate

8 November 2021, The Bridge Tank, an Observing Member to Liberal International participated to an online roundtable event on the fringes of COP26, hosted by ALDE Party and Liberal International.  Liberal policymakers and representatives from partner organizations congregated to share their views and exchange information on the ongoing United Nations Conference on Climate Change. The event was chaired by ALDE Party acting co-President Timmy Dooley and President of Liberal International Hakima El Haité.

The participants discussed the role of liberals when it comes to influencing the sustainability agenda in the next years, with a particular look at the first week of negotiations and an eye towards the second and final round of negotiations. Moreover, they also stressed the importance of the liberal voice, including younger generations, when it comes to building back better from the pandemic and generating jobs and growth as well as for the respect of rule of law across the globe.

At the end of the roundtable, the participants adopted a pledge calling on states to increase their climate ambitions. In this pledge, the participants called for stronger international cooperation to raise climate commitments and implement them, called on states to submit more ambitious NDCs, and urged for more technical and financial support to be granted to developing states to improve their capacity to take climate action. 

“Protection of global biodiversity is also essential to combat environmental degradation and climate change. Our planet is currently facing its sixth mass extinction as a consequence of human activity, and it is disrupting ecosystems around the world, threatening our food production, and increasing risks of pandemics. We must take bold and rapid action now to change this, and therefore call on states to include biodiversity protection as a central part in their climate action plans.

The time for talk is now over – the only option left is action.”

Read the full pledge on Liberal International’s website.

The Bridge Tank partipates to the COP26 side event hosted by ALDE Party and Liberal International

8 November 2021, The Bridge Tank participated to an online roundtable event on the fringes of COP26, hosted by ALDE Party and Liberal International.  Liberal policymakers and representatives from partner organisations gathered together to share their views and exchange information on the ongoing United Nations Conference on Climate Change to align common aims. The event was chaired by ALDE Party acting co-President Timmy Dooley and President of Liberal International Hakima El Haité.

The participants discussed the role of liberals when it comes to influencing the sustainability agenda in the next years, with a particular look at the first week of negotiations and an eye towards the second and final round of negotiations. Moreover, they also stressed the importance of the liberal voice, including younger generations, when it comes to building back better from the pandemic and generating jobs and growth as well as for the respect of rule of law across the globe.

At the end of the roundtable, the participants adopted a liberal pledge calling on states to increase their climate ambitions. In this pledge, the participants called for stronger international cooperation to raise climate commitments and implement them, called on states to submit more ambitious NDCs, and urged for more technical and financial support to be granted to developing states to improve their capacity to take climate action. 

“Protection of global biodiversity is also essential to combat environmental degradation and climate change. Our planet is currently facing its sixth mass extinction as a consequence of human activity, and it is disrupting ecosystems around the world, threatening our food production, and increasing risks of pandemics. We must take bold and rapid action now to change this, and therefore call on states to include biodiversity protection as a central part in their climate action plans.

The time for talk is now over – the only option left is action.”

Read the full pledge here on Liberal International’s website. 

The Bridge Tank participates the 2021 edition of the Summit of Minds

The 2021 edition of the Summit of Minds forum took place at Chamonix, from the 17 – 19th of September. This year, the Summit was focused on two main ideas: key macro issues and wellness and wellbeing, with a particular spotlight on natural capital (nature as a productive asset). In a context where the climate crisis is becoming a more and more central concern initiating many high-level discussions, the Summit of Minds gathered prominent political, economic, scientific, cultural, and business figures from all over the world, including the Armenian president Armen Sarkissian, to debate these key topics.

The Bridge Tank’s president, Joël Ruet, intervened on the panel: ‘Energy Transition (2) – How to Invest in it? dedicated to the current trend of transition towards net zero carbon emissions, its subsequent opportunities, and risks for businesses. Led by Nik Gowing, Managing Partner of Thinking the Unthinkable, UK, the discussion was structured around three essential questions: 

  1. Where is the ‘smart’ money going?
  2. Is the current ESG excitement sustainable?
  3. What assets run the risk of becoming stranded?

During his intervention, Joël Ruet elaborated on the evolution fo classes of assets for energy transition finance, highlighting the diverse risk factors involved, from profitability dispersion to a lack of cohesion in some national transitions, going through unstabilised hydrogen ecosystems across the world. Joël Ruet also highlighted the importance of differentiating megatrends from mega-ambition, stating that there is no one-size-fits-all energy which could alone resolve current climate issues.

Other panelists included: Martin Fraenkel, Vice Chairman of S&P Global, UK, Eoin Murray, Head of Investments of Federated Hermes International, UK, Franklin Servan-Shreiber, Co-Founder & Chairman of Transmutex, Switzerland, with the special appearance of Mafalda Duarte, CEO of Climate Investment Funds, USA.

Our board member, Pranjal Sharma, was also present during the Summit. He intervened on two panels: ‘AI & Democracy – Do We Have Anything to Fear?’ and ‘Tech – How Far Will Innovation Go?’

During the forum, Joël Ruet also notably exchanged with Lord Adair Turner, chairman of the Energy Transitions Commission, UK on how the COP26 could transform systems of negotiation for future COPS to come, instigating climate change action within the public finance sectors at regional, national and international levels.

Watch the sessions on our youtube channel: 

Sustainable Energy transition trajectories in large countries

By Baudouin Becker, Antoine Goutaland, Xieshu Wang,  Joël Ruet, Laure Elise Wargnier and Malaurie Le Bail.

The ecological emergency has caused a sharp pressure on policy makers to concentrate their efforts on elaborating public policies to organize the passage from the existing fossil fuels based system, that is unsustainable, to another system, whose contours are unknown in details for the time being, but whose ambition is to be durable. Unlike previous energy transitions that were achieved through industrial investments, the decarbonization of national economies is directly led and orchestrated by public authorities through incentives, constraints and policies. The presented documents are methodologies that aim at assessing the ability of governments to coordinate key actors and systems in order to achieve their climate goals and to identify the structural characteristics of the countries’ ecosystems.

 These studies identify trajectories, that we define as the coordination of variables that allow a system to remain balanced while being in motion. A systemic understanding of these trajectories is proposed, including both major responses of public policies to climate issues and the possible integration of the new technologies within the existing system, including an analysis of industrial systems and their capacity (or disability) to meet these challenges.

 In order to understand energy transitions across sectors, we have developed a detailed and replicable methodology that fully integrates the role and potential impact of actors (political and industrial). This has enabled us to understand energy transitions in an original way, freeing us from siloed macroeconomic studies and overly specific energy studies that do not allow us to understand the energy stakes as a whole.

In the following documents, you will find this methodology applied to over 20 economies.

The full report : Energy trajectories in main markets

Specific focus : Energy trajectories in main markets

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