2020 was one of the most tumultuous years for global energy in modern history. What actually happened? How surprising was it? What did we learn about the functioning of the energy system? And what messages does it contain for the energy transition and the path to net zero?
Spencer Dale, bp’s chief economist, launched the bp Statistical Review of World Energy, after which expert commentators reflected on ‘the path to net zero: opportunities and challenges for COP 26’.
Giulia Chierchia, bp’s executive vice president strategy & sustainability, was joined by Nigel Topping, UN climate action champion for COP26, and Paul Bodnar, managing director, global head of sustainable investing at BlackRock. They focused on some of the lessons and messages from the past year ahead of the 26th UN Climate Change Conference of the Parties (COP26) in Glasgow this November. The conversation was be moderated by author and Financial Times journalist Gillian Tett.
|Date||Thursday 8 July
|Time||2 — 3.30pm BST (approx.)|
Spencer Dale is bp’s chief economist. He manages bp’s global economics team, providing economic input into the firm’s commercial and strategic decisions. bp’s economics team also produces the annual Statistical Review of World Energy and the Energy Outlook.
Spencer Dale joined bp as group chief economist in October 2014. Prior to that, he was executive director for financial stability at the Bank of England and a member of the Financial Policy Committee.
Between 2008 and 2014, Spencer was chief economist of the Bank of England and a member of the Monetary Policy Committee.
Spencer joined the Bank of England in 1989 and served in numerous roles, including private secretary to Mervyn King and head of economic forecasting. Spencer served as a senior advisor at the US Federal Reserve Board of Governors between 2006 and 2008.
He was educated at the University of Wales, gaining a BSc in Economics in 1988 and at the University of Warwick, gaining an MSc in Economics in 1989, whereupon he immediately joined the Bank of England.
Giulia joined bp in April 2020 as executive vice president, strategy & sustainability. In her role, Giulia drives bp’s strategy and sustainability agenda. She has also oversight for the group’s ethics and compliance organization.
Prior to bp, she worked for McKinsey, where she was a senior partner. She led the global downstream oil and gas practice and was a key member of the chemicals and electricity, power and natural gas practices.
Giulia has more than 10 years’ experience in the energy sector, including helping companies shape their strategies for the energy transition.
A graduate of Bocconi University in Milan, Giulia also holds an MBA from INSEAD. She is half Belgian, half Italian and grew up in London. She is also a mother of two children.
Nigel Topping is the UN’s high-level climate action champion, appointed by UK prime minister Boris Johnson in January 2020.
Nigel works alongside the Chilean high-level climate action champion, Gonzalo Muñoz. The role of the high-level champions is to strengthen collaboration and drive action from businesses, investors, organizations, cities and regions on climate change, and to coordinate this work with governments and parties to the United Nations Framework Convention on Climate Change (UNFCCC).
Paul Bodnar is managing director, global head of sustainable investing at BlackRock. Paul’s team drives BlackRock’s leadership in sustainable investing through the development of cutting-edge climate and sustainability research and integration of these insights throughout BlackRock's suite of investment solutions and Aladdin.
Paul previously served as chief strategy officer at RMI, a global non-profit organization, working to accelerate the clean energy transition. While at RMI, he founded the Center for Climate-Aligned Finance to help large financial institutions transition to net-zero emissions portfolios.
He also helped establish the Mission Possible Partnership to orchestrate net-zero sector transformation platforms for seven global industries.
Prior to this, Paul served in the White House as special assistant to the president and senior director for energy and climate change at the National Security Council. He was a key architect of the Obama administration's international climate policies, culminating in the Paris Agreement, and led US climate finance policy at the State Department. Earlier in his career, Paul helped lead a $1.2 billion carbon fund at Climate Change Capital and co-founded Vertis Environmental Finance, a leading environmental commodity brokerage.
Paul holds degrees in international relations from Stanford and Harvard universities.
Gillian Tett is the chair of the US editorial board and editor-at-large at the Financial Times.
Perhaps best known for predicting the 2007-8 financial crisis, Tett’s bestselling book Fool’s Gold was one of the definitive books on the crash. Tett holds a PhD in social anthropology from the University of Cambridge, where she studied marriage rituals in Tajikistan.