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Confronting the next frontier in the race to net zero: Industrial decarbonization

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Start date: 6/15/2021
Start time: 8:15 AM EDT
Duration: 90 minutes

Formed at the G7 Climate and Environment Ministerial and jointly led by the U.S. and U.K., the G7 Industrial Decarbonization Agenda (IDA) aims to tackle climate change and reduce emissions from hard-to-abate sectors. This effort, led jointly by the U.S. and the UK G7 Presidency, will strengthen collaboration across governments and multilateral platforms on key issues, such as market regulation, decarbonization standards development, investment flows, and procurement strategies.

To address the considerable challenge of decarbonizing heavy industry to meet ambitious net-zero emissions goals, IDA will help G7 countries coordinate efforts in key sectors, including cement, steel, and chemicals, while supporting industrial growth and jobs. This announcement comes within the context of a bourgeoning private sector ecosystem of industrial decarbonization-relevant companies and investors. With this issue now rising even higher up on global policymakers’ agendas, this ecosystem stands to accelerate its progress within the context of the race to net zero.

During this 90 minute virtual event, BloombergNEF will host a collection of speakers and panel discussions aiming to highlight the opportunities and challenges of industrial decarbonization for the public and private sectors and provide insight into how the world can make rapid progress in the next frontier in the race to net zero: industrial decarbonization.

Schedule

8:15 EDT / 13:15 BST - Opening Remarks

  • Sec. John Kerry, Special Presidential Envoy for Climate, U.S. Department of State

8:25 EDT / 13:25 BST - The Industrial Decarbonization Agenda (IDA) and the Path Ahead: What Multilateral Collaboration & the Public Sector Can Do 

  • Dave Turk, US Deputy Secretary of Energy, U.S. Department of Energy
  • The Rt Hon Kwasi Kwarteng MP, Secretary of State for Business, Energy and Industrial Strategy
  • Mechthild Wörsdörfer, Director, Sustainability, Technology and Outlooks, International Energy Agency
  • Moderator: Meredith Annex, Head of Heating and Hydrogen, BloombergNEF

9:00 EDT / 14:00 BST - The Private Sector & Industrial Decarbonization: Where We Are and Where We Need to Go 

  • Yousef Abdullah Al-Benyan, Vice Chairman & CEO, SABIC
  • Jamie Gentoso, Global Head, Solutions & Products Business Unit, LafargeHolcim
  • T. V. Narendran, CEO & Managing Director, Tata Steel Limited
  • Katie Rae, CEO & Managing Partner, The Engine
  • Moderator: Julia Attwood, Head of Advanced Materials, BloombergNEF

09:45 EDT / 14:45 BST - Program concludes

Speakers

Sec. John Kerry

Special Presidential Envoy For Climate

U.S. Department of State

On January 20, 2021, John F. Kerry was sworn in as our nation’s first Special Presidential Envoy for Climate and the first-ever Principal to sit on the National Security Council entirely dedicated to climate change. President Biden announced Kerry would have a seat at every table around the world as he combats the climate crisis to meet the existential threat that we face. In recent years, Kerry was the Carnegie Endowment for International Peace’s first ever Visiting Distinguished Statesman, following his four years as the 68th United States Secretary of State. As America’s top diplomat, he guided the Department’s strategy on nuclear nonproliferation, combating radical extremism, and the threat of climate change. His tenure was marked by the successful negotiation of the Iran nuclear deal and the Paris Climate Agreement. From 1985 to 2013, he served as a U.S. Senator representing Massachusetts, and was Chairman of the Senate Foreign Relations Committee from 2009 to 2013. Secretary Kerry served in the U.S. Navy, completing two combat tours of duty in Vietnam for which he received a Silver Star, a Bronze Star with Combat V, and three Purple Hearts. He received his undergraduate degree from Yale University and his law degree from Boston College Law School. Secretary Kerry is the best-selling author of A Call to Service, This Moment on Earth with his wife Teresa Heinz Kerry, and his 2018 memoir, Every Day Is Extra, which The New York Times described as “a bittersweet reminder of what the country once demanded of its leaders.” Secretary Kerry was the Democratic Party’s nominee for President of the United States in 2004.

The Rt Hon Kwasi Kwarteng MP

Secretary of State for Business, Energy and Industrial Strategy

Kwasi Kwarteng was appointed Secretary of State at the Department of Business, Energy and Industrial Strategy on 8 January 2021. He was previously Minister of State at the Department of Business, Energy and Industrial Strategy. Kwasi was Parliamentary Under Secretary of State in the Department for Exiting the European Union from 16 November 2018 to 24 July 2019. Kwasi read classics and history at Trinity College, Cambridge, and then attended Harvard University on a Kennedy Scholarship. He earned a PhD in economic history from the University of Cambridge in 2000. Before becoming a Member of Parliament, Kwasi worked as an analyst in financial services. Kwasi was elected the Conservative MP for Spelthorne in 2010. From 2010 until 2013 he was a member of the Transport Select Committee, and in 2013 he joined the Work and Pensions Select Committee where he was a member until 2015. In October 2016 Kwasi joined the Public Accounts Committee, where he was a member until May 2017. In 2015 Kwasi was appointed as Parliamentary Private Secretary to the Leader of the House of Lords, and in 2017 he became Parliamentary Private Secretary to the Chancellor of the Exchequer.

David Turk

Deputy Secretary

U.S. Department of Energy

Prior to his nomination as Deputy Secretary, Turk was the Deputy Executive Director of the International Energy Agency (IEA), where he focused on helping countries around the world tackle their clean energy transitions. He also directed reports on the digitalization of energy systems, the future of clean hydrogen, and a project tracking progress on a wide range of clean energy technologies. During the Obama-Biden Administration, Turk coordinated international technology and clean energy efforts at DOE. During this time, he helped spearhead the launch of Mission Innovation—a global effort to enhance clean energy innovation. Turk also served as Special Assistant to the President and Senior Director at the U.S. National Security Council, where he coordinated interagency legislative affairs efforts by the full range of national security agencies and provided legislative advice to National Security Council decision-making. He also previously worked at the U.S. Department of State, including as Deputy Special Envoy for Climate Change and helping to coordinate New Start Treaty ratification efforts in the U.S. Senate. Earlier in his career, Turk worked in both the U.S. Senate, primarily on national security issues, and as the Staff Director of the National Security Subcommittee of the House Oversight Committee. Turk was born in Quito, Ecuador and raised in Rock Falls, Illinois. He is a graduate of both the University of Illinois at Urbana-Champaign and the University of Virginia Law School. He and his wife, Emily Turk, have three children.

Mechthild Wörsdörfer

Director of Sustainability, Technology & Outlooks

International Energy Agency

Mechthild Wörsdörfer (@MWorsdorfer) joined the IEA on 1 October 2018 as Director of Sustainability, Technology and Outlooks (STO). Ms Wörsdörfer plans and co-ordinates the IEA’s work on energy sustainability, encompassing clean energy technologies and climate change policy. Previously, Mechthild held several senior management positions in the European Commission, where she coordinated the work on the 2030 Energy and Climate Framework, the Clean Energy Package and the 2050 Energy Roadmap. She had been involved with the IEA for a number of years as IEA Governing Board Representative for the EU, and served in the Cabinet of Commissioners, in charge of industry, competitiveness, trade and digital economy.

Dr. Bob Maughon

 Executive Vice President, Sustainability, Technology & Innovation and CTO and Chief Sustainability

SABIC

Bob Maughon is the executive vice president, Sustainability, Technology & Innovation and Chief Technology and Sustainability Officer at SABIC. He oversees a global organization with 20 research centers around the world and a talented team focused on driving process, product and application innovation to support SABIC’s growth agenda. Additionally, Maughon has responsibility for Corporate Sustainability, Product Stewardship, Technology Licensing and Technology Ventures. Dr. Maughon joins SABIC after a 21 year career at Dow, where he most recently served from 2013-2019 as the R&D vice president for Packaging & Specialty Plastics and Hydrocarbons at Dow. Maughon serves as a board member of the University of Michigan Engineering Leadership Advisory Board and the AspenTech Executive Advisory Board. He holds nine U.S. Patents and has numerous publications and presentations at external conferences. Maughon earned his BA degree in chemistry from Rice University and his PhD in organic chemistry from the California Institute of Technology.

Jamie Gentoso

Global Head, Solutions & Products Business Unit

LafargeHolcim

Jamie M. Gentoso, P.E. was appointed Head Solutions & Products Global Business Unit on 1 March, 2021. Since May 2018, Jamie was Chief Executive Officer for the US Cement organization where she was responsible for all cement product lines. She was previously Vice President of Sales and Marketing at Construction Specialties, and prior to this, Senior Vice President of Concrete at Sika Corporation US. Jamie began her career at Holcim as a technical service engineer and Architectural and Engineering market manager. She has also sat on the Board of Directors for several industry organizations, including the Ready Mix Concrete Foundation, Precast Concrete Educational Foundation and the Concrete Industry Management (CIM) program. Jamie received both her Masters of Business Administration and her Bachelor of Science in Civil Engineering from the University of Michigan.

T. V. Narendran

CEO & Managing Director

Tata Steel Limited

Mr. T V Narendran is the CEO & Managing Director of Tata Steel Limited. As the CEO & MD, he has overseen the organic and inorganic growth of Tata Steel over the last few years. This includes the Kalinganagar greenfield expansion and the acquisition of Bhushan steel and the steel business of Usha Martin. He has over 32 years of experience in the Mining and Metals industry. Mr. Narendran is currently on the Board of Tata Steel Limited. He is the Chairman of Tata Steel Europe, Tata Steel BSL Limited and Tata Steel Long Products Limited. He is also the Chairman of the Board of Governors of XLRI Jamshedpur. He is a member of the Executive Committee and the Board of the World Steel Association. He was the co-chair of the Mining & Metals Governors Council of the World Economic Forum from 2016 to 2018. He is the President of the Confederation of Indian Industry (CII), and the Vice President of the Indian Institute of Metals. Mr. Narendran is a Mechanical Engineer from the National Institute of Technology (NIT) Trichy and did his MBA from the Indian Institute of Management (IIM) Calcutta. He is a recipient of Distinguished Alumnus Awards from both NIT Trichy and IIM Calcutta. He is a Chevening Scholar and has also attended the Advanced Management Programme in CEDEP-INSEAD, Fontainebleau, France. Mr. T. V. Narendran CEO & Managing Director, Tata Steel Limited

Katie Rae

CEO & Managing Partner

The Engine

Katie serves as the CEO & Managing Partner of The Engine, a venture capital fund built by MIT, that invests in early-stage companies solving the world’s biggest problems through the convergence of breakthrough science, engineering and leadership. She serves as a Board Member at Commonwealth Fusion Systems, Form Energy, Via Separations, Lilac Solutions, WoHo and VEIR. Katie has advised hundreds of founders and invested in over 100 companies. Key investments include Pillpack (acquired by Amazon for $1 billion), Bevi, GrabCad, Synack, NBD Nano, Neurala and Amino. She holds an MBA from Yale and BA in Biology from Oberlin College.

MEREDITH ANNEX

Head of Heating and Hydrogen

BloombergNEF

Meredith manages BloombergNEF’s research on heating and cooling. Prior to taking on this role, she led global utility business strategy coverage with a particular focus on how European energy players are altering their activities in response to the changing environment. Meredith also supports research in global gas markets, after previously heading BNEF’s natural gas demand research in North America. She holds a MSc in Environmental Economics and Climate Change from the London School of Economics and a BA in Economics from Williams College in Massachusetts, including an exchange at the University of Oxford.

Julia Attwood

Head of Sustainable Materials

BloombergNEF

Julia Attwood leads the Sustainable Materials team at BloombergNEF. She writes about pathways to decarbonisation for heavy industry, focusing on the circular economy, CCUS, and sustainable materials. Prior to this, she was BNEF's expert in lithium-ion battery technologies, costs and supply chain. Before joining BNEF, Julia researched advanced polymer composites. She holds a PhD in Materials Engineering from the University of Cambridge.

Veronika Henze

Head of Communications

BloombergNEF

Veronika Henze heads corporate communications for BloombergNEF (BNEF), the Task Force on Climate-related Financial Disclosures (TCFD), Bloomberg's Sustainable Business & Finance group, the Gender-Equality Index (GEI) and ESG products at Bloomberg. In her role she has developed and executed a multi-stakeholder and communications strategy reaching more than 5,500 people and driving awareness for the TCFD over the last three years. The collaborative industry initiative received recognition in form of the C.K. Prahalad Award for Global Business Sustainability Leadership awarded by CEF in June 2018. Additionally, Veronika spearheads the widespread promotion of the invite-only BNEF Summits in New York, London, Shanghai, San Francisco, Munich and New Delhi and BNEF's flagship research reports, such as the New Energy Outlook. Veronika also tells Bloomberg's sustainable business and finance story through communications activities on the annual Impact Report and the company's ESG products, such as the Gender-Equality Index.Prior to her current role Veronika led the ten person strong Exchange Market Data Coordinator team in New York. She also held roles as communications coordinator and contracts coordinator with Bloomberg in London. Veronika holds an MSc in Social and Public Communication from the Institute of Social Psychology at the London School of Economics and Political Science, United Kingdom and a BBA in Tourism Management from NHTV Breda University of Applied Sciences in the Netherlands. She is a recipient of the prestigious Nuffic HSP Huygens Scholarship.

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