The Energy Charter Secretariat contributed to the high-level 3rd Atlantic Council Global Energy Forum, The Geopolitics of the Energy Transformation, which took place in Abu Dhabi, UAE, 11-13 January 2019. The Forum is widely recognised as a signature event for the discussion of topics such as digital transformation of the global energy markets, energy innovation and new energy technologies, geopolitics as well as renewable energy and the onward evolution of the global energy transformation. The event is strongly supported by the Ministry of Energy of the UAE, an Observer country of the Energy Charter Conference. Many significant influencers shaping the global energy environment addressed the Forum, including the likes of Khalid al-Falih, Ministry of Energy Industry and Mineral Resources of Saudi Arabia, Dr Sultan Al Jaber, Chief Executive of the Abu Dhabi National Oil Company, Ernest Moniz, former Secretary of the US Department of Energy, and OPEC Secretary General Mohammad Barkindo.
Helping to shape some of the core debates at this year’s Forum, Energy Charter Secretary-General Dr Urban Rusnák spoke of the role of the Energy Charter Treaty in providing a stable international framework for global energy governance. He added that the Treaty continues to provide assurance for energy investors, and is particularly relevant for the energy transition. The transformation of the global energy environment towards decarbonised and more efficient production and delivery systems will require unprecedented volumes of investment. Adequate legal tools bolstering investor security will be an essential ingredient to the transition, where institutional frameworks such as the Energy Charter Treaty will inevitably be part of the solution for many years to come.