Last month, I found myself in Stavanger, Norway — the heart of the country’s energy landscape — where I explored the breathtaking nature and participated in the ONS 2024 conference. Standing atop Pulpit Rock after a stimulating hike, I couldn’t help but reflect on the steep ascent we face in the global energy transition.
This metaphor was at the heart of discussions during the conference, where the balance between trade, climate policies, and energy stability was a recurring theme. The parallel between the steep hike and the challenges discussed couldn’t have been clearer: navigating the transition to sustainable energy and balancing trade and climate policies requires both endurance and vision.
Renewable energy is expanding rapidly, particularly in regions like the EU, where solar power plays a key role. However, this growth has introduced challenges such as negative pricing and market instability, which reflect the need for diversified energy portfolios.
The global energy landscape is also experiencing increased demand, especially in Asia and Africa, highlighting the importance of an inclusive and balanced energy transition. We must explore innovative, sustainable solutions that ensure the integration of renewable energy while maintaining energy system stability.
The global energy transition is not a one-size-fits-all solution. As energy demands rise sharply in emerging economies, it becomes increasingly apparent that this transition must be inclusive.
In one of the most significant discussions, global powerhouses like the EU, China, and the US took centre stage, echoing real-world dynamics where other regions often feel sidelined.
I took the opportunity to emphasise the importance of integrating the perspectives of smaller, often overlooked economies into the conversation. Insights from different parts of the world must be integrated into the conversation to ensure that trade and climate policies work for everyone. It’s about achieving a global good, where inclusivity is not just important but essential for ensuring a successful, sustainable future.
This theme of inclusion also carried into a meaningful conversation I had with the Crown Prince of Norway, where we discussed the importance of a just transition and sustainable energy solutions.
We explored how policies could be crafted to ensure a fair energy shift that benefits everyone. I also touched on the parallels between Oman and Norway — two energy-rich nations with shared challenges and opportunities in transitioning to greener futures.
Both countries have a significant role to play in advancing global sustainability through thoughtful policies and collaboration.
At the heart of this dialogue was a question I posed during the conference: “What does it mean to be a good ancestor?” This question resonates deeply.
It is a reminder that our policies today will shape the world we leave for future generations. The energy transition isn’t just about technological advancements — it’s about responsibility, inclusion, and the legacy we leave behind.
The challenges facing today’s energy market — where solar dominance has led to negative pricing — reinforce the need for a balanced energy portfolio. Stabilising solutions, such as hydrogen and carbon capture among others, will play a pivotal role in advancing the energy transition. These solutions will be essential for all regions as we harmonise energy policies with global trade initiatives and move toward a sustainable future.
As I reflect on the discussions from Norway, I am more convinced than ever that regions across the globe must lead by example.
Our energy policies, anchored by both tradition and innovation, must continue to evolve in a way that supports global sustainability. The choices we make today will determine our legacy. Our collective contribution to the energy transition is not only necessary but can also be a defining moment in history.
Oman Observer is now on the WhatsApp channel. Click here
