The increasing use of renewable energy sources holds out promising opportunities for combating global warming. Wind and solar energy are dependent on weather conditions. So the main difficulty at present lies in managing the difficult balance between electricity generation that is now more variable and demand that fluctuates with consumer behaviour, and the increasing use of electric vehicles and new technologies. Storage offers both a way to save surplus energy for future use and a source of additional power when demand exceeds production, and hence acts as an essential enabler of the energy transition.
Hydrogen and fuel cell technologies also have significant potential to enable this transition to a clean, low-carbon energy system. Hydrogen is making rapid advances in energy transition. However, the pathways it is going to take for the future is yet unclear. There are ongoing critical discussions on the investments regarding blue and green hydrogen with technical, economical, geographical, regulatory and environmental factors influencing the decision making.
Within the side event, a distinguished expert panel of speakers will include key stakeholders from PPP unit, private sector, development financial institution as well as legal and technical consultants to leverage their collective wisdom and experience in the three areas critical for green transition: technology, finance and policy. The panelists will share their experience and lessons learned from implementing PPPs in the energy sector, highlight the recent developments and advances in the green energy sector, and discuss the steps required to fast track PPP projects to advance the clean energy agenda within the developing and emerging markets.
The key sub-topics will be as follows:
- Needs and expectations of various stakeholders for successful PPP projects: Measures required to encourage private sector financing in a country’s transition towards cleaner energy
- Looking beyond the conventional renewables: Recent developments and bankability considerations in unlocking potential of new emerging technologies to fast-track the green energy transition
- Islamic financing to enable the green energy transition: Application of Islamic financing in PPP projects and its harmonized co-existence with conventional financing