Summary of Panel Session 2: Innovations that Enable a Smart Energy Future

00:00:00 - 00:20:00

This video discusses the importance of innovation in enabling a smart energy future. It highlights the role of renewable energy in this process and notes the importance of external financing for climate change.

• 00:00:00 This panel discussion focused on how innovation can help enable a smart energy future, with a focus on technologies such as renewable energy, energy efficiency, and hydrogen. The discussion also touched on the role of illumination in this process. The panelists emphasized the importance of being consistent with the Paris Agreement goal of transitioning to a low-carbon economy, and noted that innovation is needed to reach this goal.
• 00:05:00 The main innovations that will enable a smart energy future include hydrogen and green nitrogen. These are becoming more competitive and important, and global cooperation is essential if we are to achieve our climate goals. The MDBs are important in helping to finance these initiatives.
• 00:10:00 This video discusses the impact of innovation on the smart energy future, highlighting the role of renewable energy. It notes that, despite recent economic events, renewable energy projects are still being developed.
• 00:15:00 The video discusses the importance of innovation in order to enable a smart energy future, specifically mentioning the importance of solar and wind power paired with battery storage to reduce the impact of variability. It also mentions the importance of external financing for climate change, mentioning that it still accounts for a large portion of the funding.
• 00:20:00 The presenter discusses Arena's two initiatives--the Climbing Investment Platform and the Open Function Event--to promote investment in renewable energy solutions.