Shell and KDIPA Host High-Level Event with Embassies, the Kuwait Chamber of Commerce, and Business Councils

Shell and KDIPA Host High-Level Event with Embassies, the Kuwait Chamber of Commerce, and Business Councils

FOR IMMEDIATE RELEASE

to Explore Energy Security Scenarios

May, 2023 – Shell recently organized a session exploring the two energy scenarios - sky2050 and archipelagos. The event brought together Shell experts - Peter Wood-Shell Chief Energy Advisor and Geraldine Wessing- Chief Political Advisor and stakeholders to discuss sustainable energy options and strategies for reducing greenhouse gas emissions.

Recognizing energy security’s critical role in the global economy, Shell has developed a comprehensive set of energy scenarios that provide valuable insights into potential future pathways. These scenarios explore the complex interplay between energy demand, geopolitical dynamics, technology advancements, and environmental considerations. During the session, it was noted that the archipelagos scenario would require a significant investment in oil and gas, which could pose challenges in the race to secure the energy system. On the other hand, the sky2050 scenario focuses on rapid transport electrification, which is a promising step toward achieving a sustainable future.

These scenarios discussed were based on rigorous analysis and aimed to help stakeholders make informed decisions by considering various possible futures and their implications for energy systems and policies. Speakers also highlighted that continuous investment in oil and gas is still a cautionary necessity due to the continuous use of food-based biofuels,