Important Dialogue on Key Energy Issues
- 11 November 2010
There is no doubt that the annual conference organized by the Emirates Center for Strategic Studies and Research (ECSSR) on energy has become an important platform for the exchange of ideas on a subject of great importance to the world. The event provides an opportunity to experts and specialists from different countries to discuss, analyze and follow up the changes that are taking place in the international energy markets. This was also the mandate of this year’s conference held under the auspices of His Highness General Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces, and President of ECSSR. A large number of oil and energy experts from the Gulf and beyond took part in the conference entitled “The Oil Era: Emerging Challenges” which ended on Wednesday.
Over three days the conference discussed the emerging challenges facing oil industry, its contribution to energy needs and impact on global economy. The conference adopted a scientific approach as a result of which several research papers, ideas and theses were presented during its six sessions, tackling a range of important issues. Some of the prominent discussions centered around oil demand and supply and changes affecting them in recent years, geopolitics of oil, international competition on energy resources, its deterioration and results, energy security and dialogue between producers and consumers. Discussions were also held on oil prices, new oil explorations, their locations, growing emphasis on renewable energy besides climate change and its impact on the industry.
The significance of this conference lies in the fact that it gave an opportunity for experts to discuss the role of oil in the Gulf region and its position on the world energy map. The role of Gulf in the global economy and its associated strategic importance were also brought up for discussion besides the various aspects of economic downturn. Perhaps what added significance to this conference was the fact that it did not limit itself to discussions alone but instead devoted its final session to put forward conclusions and recommendations that were reached during the various discussions. As is the norm across the world, conferences linking theoretical research and policymaking give it an important practical and scientific value. The ECSSR’s decision to focus on energy in its annual conference this year is an acknowledgment of the fact that it regards the same as an issue that is vital to the Gulf and the world economies. Its decision to highlight the emerging challenges facing the industry is an example of the role that scientific research centers should play in different fields in the future to provide a vision and a roadmap.