New energies and unparalleled transformation

What is the role of the energy sector in the energy transition? DNV GL hears from Duncan van Bergen, Vice President of Shell New Energies, about Shell’s vision for the future and the scale of transformation required. In this engaging episode, Duncan discusses the dual challenges of growing energy demand and a lower carbon future, with the population heading for 10 billion by 2070. Duncan tells us how Shell is investing in electricity retail, decentralized power, new fuels and electric mobility. He addresses the urgency issue raised by the IPCC report and highlights the unparalleled transformation needed to meet it. Duncan shares Shell’s ‘Sky’ scenario work, showing that a target of well below 2°C is possible and is therefore imperative that we try to achieve it. He shares examples of the scale of the challenge ahead and points to how Shell will manage the transformation with industry partnerships. Finally, Duncan tells us how he sees for the sector, both a mixture of daunting responsibility and business opportunities in the future. *This episode was recorded live at the Singapore International Energy Week 2018.