03 October 2012

C3 Summit: Alternative Energy vs. Fossil Fuel Supplies

There is little doubt that we are going to run out of fossil fuels one day. Yet, our demands for energy will not decrease. Despite the promise of renewable energy, collectively renewables provide only about 7 percent of the world’s energy needs. So where do we go from here?

A few weeks ago, I participated in a panel at the C-3 Summit in New York. The Summit is "an exclusive event dedicated to building new relationships, fostering existing partnerships and exchanging best practices between the U.S. and the Arab world by building a cohesive global community through collaboration and international commerce."

The panel was moderated by Dan Nelson, a former ExxonMobil executive who now runs a consultancy called International Strategic Insights.

It was a great panel, with particularly smart insights coming from the other panelists, including Ambassador Jarl Frijs-Madsen, Royal Danish Consulate General, Mark Fulton of Deutsche Bank, David Pursell of Tudor Pickering Holt & Co, and Peter Gish of UPC Renewables.

My own modest contribution focused on the price and perception issues related to renewable energy and what I learned from spending time with Tom Hicks of the US Navy earlier in the week.

Here is the video of the panel: