The Circular Carbon Economy: Managing carbon holistically

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Jinny Yan

Chief economist, China

ICBC Standard Bank

Rebecca Fatima Sta Maria

Executive director

APEC Secretariat

Fukunari Kimura

Chief economist

Economic Research Institute for ASEAN and East Asia (ERIA)

Christopher Clague

Managing editor, Asia, and global editorial lead, trade and globalisation

The Economist Intelligence Unit

Christopher Clague

Managing editor, Asia, and global editorial lead, trade and globalisation

The Economist Intelligence Unit

Guy Scriven
Climate risk correspondent

The Economist

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Panelists

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Climate change is a growing challenge, with global carbon emissions increasing rapidly and greenhouse gas concentrations at record levels. If we are to reach the Paris climate agreement target of limiting the rise in global temperature to below 2°C, the transition needed will have huge effects on global economic growth. 

An essential approach to mitigating carbon emissions is to embrace the circular economy. Endorsed by the G20 energy ministers in September 2020, the circular carbon economy (CCE) approach incorporates clean technologies such as carbon capture, use and storage (CCUS) to store carbon underground, along with processes that turn CO2 into value-added products. The “four Rs” of CCE aim to reduce the amount of carbon that must be managed, reuse and convert emissions to valuable products, recycle carbon through natural processes and remove emissions from the system altogether. 

The majority of greenhouse gases are emitted by the production of new materials and products, but following the covid-19 pandemic there is renewed resolve among manufacturers to focus on circular approaches. CCE enables all sectors and industries to collaborate in using available technologies and carbon-mitigation options for emissions reduction, and it provides solutions for research and policy in all markets. There is huge potential for the manufacturing and production ecosystem to integrate circular carbon systems at all levels, enabling industrial symbiosis, preventing emissions and creating climate-friendly structures that support sustainable development. 

Join the Saudi Industrial Development Fund (SIDF) and The Economist Events for The Circular Carbon Economy: Managing carbon holistically, a virtual event bringing together industry leaders, policymakers, regulators and academics for a practical discussion on the policy and regulatory reforms needed to successfully advance clean-energy technologies and  innovation.

Speakers

Programmed by

Wednesday, August 11th 2021
4pm KSA │ 2pm BST │9am EDT

Overview

HRH Prince Abdulaziz bin Salman Al-Saud
Minister of Energy 
Saudi Arabia 

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Supported by

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Ibrahim Almojel
Chief executive 
Saudi Industrial Development Fund 

Pat Thaker 
Editorial & regional director MEA,
The Economist Intelligence Unit (EIU)

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Some of the key questions addressed will include:   

  • Why is there a need for the circular carbon economy? How can this new model be incorporated by industries for a sustainable future?
  • Which integrated solutions are needed to make the transition to CCE cost-effective?
  • How are organisations overcoming the challenges of adopting CCE? 
  • What drivers could accelerate the development of innovative strategies for CCE and meet the technological challenges to achieving climate goals?
  • What are the roles of regulators and financial institutions in promoting the circular carbon economy and creating the right ecosystems?
  • How does the manufacturing sector stand to benefit from the circular carbon economy approach?

Jennifer Holmgreen
Chief executive 
LanzaTech 

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Seifi Ghasemi 
Chairman, president & chief executive 
Air Products 

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Agenda

4:00pm - 4:05pm KSA: Opening remarks

4:05pm - 4:30pm KSA: Ministerial Keynote Interview

  • HRH Prince Abdulaziz bin Salman Al Saud, Minister of energy, Saudi Arabia

4:30pm - 5:15pm KSA - Panel discussion: The circular carbon economy in manufacturing: a growing concept

A panel of industry leaders and experts will discuss how the manufacturing and production sectors stand to benefit from the potential of the circular carbon economy, from carbon capture, use and storage (CCUS) to hydrogen and renewables. Hear how these sectors can integrate CCUS to help rebalance the global carbon cycle, meeting the growing need for products in an efficient yet sustainable manner. 

Speakers

  • Ibrahim Almojel, Chief executive, Saudi Industrial Development Fund
  • Seifi Ghasemi, Chairman, president & chief executive, AirProducts
  • Jennifer Holmgren, Chief executive, LanzaTech

Moderator 

Pat Thaker, Editorial & regional director MEA, The Economist Intelligence Unit (EIU) 

5:15pm - 5:55pm KSA: Case Study: Hands on: Are you ready for the circular carbon economy? 

5:55pm - 6:00pm KSA: Closing remarks