According to EICDataStream, the current pace of projects reaching financial investment decision (FID) in renewables and emerging markets does not reflect the trajectory necessary to achieve global net zero targets. Current global FID rates for these sectors are low, with hydrogen at 3%, fixed offshore wind sitting at 5% and carbon capture also currently 5%. In contrast, global FID rates for upstream oil and gas and midstream/downstream sit at 35% and 21% respectively.

This session will hear perspectives from the investment community as well as the energy sector supply chain, discussing how we can unlock opportunities through understanding the needs of investors, gain insight into supply chain capabilities and discuss how partnerships will be essential in driving FID rates up.