ERTC 2023
The urgency of addressing climate change, akin to Aeneas’ relentless determination, underscores the leaders’ call to mobilise stakeholders, imbuing a sense of hope by articulating the myriad benefits of sustainable solutions. Inclusivity remains the North Star of energy transition leadership, echoing Aeneas’ journey of unity amid diver- sity. Just as he led a diverse array of companions through uncharted realms, today’s leaders must orchestrate col- laboration among governments, industries, communities, and marginalised groups. In harmony with the ‘just transi- tion’ imperative: because ‘survival is not enough’. Last but not least, leadership is a language: During their meetings, leaders involved in the energy transition should avoid talking only about EBIT, to walk it like they talk it!
tive collaborations. As the energy transition narrative unfolds, this principle assumes paramount importance, underscoring the significance of trust in nurturing part- nerships that catalyse innovation and drive sustain- able change. The application of the ‘Speed of Trust’ principles to energy transition leadership yields mani- fold benefits. It accentuates the pivotal role of trust in both personal and professional relationships – a facet of critical importance in steering the complex and urgent energy transition journey. Trust manifests as the bed- rock of collaboration and co-operation, vital elements that unite diverse stakeholders – governments, indus- tries, communities, and environmental groups – in col- lective action. Trust, in turn, emboldens individuals to share audacious ideas, thereby fostering innova- tion, an imperative in developing the novel technolo- gies, processes, and policies that underpin sustainable change. It thrives on transparency, channelling leaders’ intentions, decisions, and communication toward cred- ibility, a quality that nurtures trust among teams and stakeholders. Particularly in energy transition leadership, trans- parency holds the key to addressing concerns regard- ing resource allocation, environmental impact, and long-term strategies. Navigating the energy transition landscape, rife with technological advancements, reg- ulatory shifts, and market dynamics, underscores the pertinence of trust. Trust empowers leaders to steer teams through uncertainty, embrace novel challenges, and make informed decisions that anchor long-term sustainabil- ity. It engenders accountability, prompting individu- als to embrace ownership of their commitments when nurtured by the trust of their leaders and peers. This sense of trust extends beyond individuals to stake- holder networks, facilitating effective communication, understanding, and collaboration. Trust embodies a commitment to long-term outcomes rather than fleet- ing gains, aligning seamlessly with the overarching mission of the energy transition – the creation of a sus- tainable future for generations yet unborn. As humanistic leadership principles intersect with the tenets of the ‘Speed of Trust’, a potent formula emerges for ushering societies and industries toward a cleaner and more sustainable energy future. Transparent communication bridges gaps between governments, industries, and communities, while trust becomes the cornerstone that bolsters partnerships, expediting the transition to renewable energy sources. Moreover, the resonance between Covey’s trust framework and Enea’s transformative journey, as cap- tured in Andrea Marcolongo’s The Art of Resilience: The Lessons of Aeneas , magnifies the relevance of these principles in the energy transition. Aeneas’ journey: navigating the transition with courage Aeneas’ voyage, brimming with resilience and hope, emerges as an invaluable trove of insights for energy transition leadership. His audacity to confront fear and triumph over uncertainties mirrors the challenges faced by leaders navigating the intricate tapestry of technological and societal transformations. Aeneas’ leadership style, marked by inclusivity and guidance of diverse companions, echoes the imperative of engag- ing stakeholders across the spectrum. Just as Aeneas’ inclusive journey led him to guide not only his peers but also those marginalised, energy transition leaders must similarly bridge divides, work- ing with governments, industries, communities, and underrepresented groups. This inclusive approach mir- rors the spirit of the ‘just transition’, assuring that pro- gress leaves no one behind. As we traverse the energy transition landscape, the initiation of change amidst uncertainties emerges as a central tenet of leadership. Aeneas’ audacious endeavours post-devastation parallel the leader’s res- olute commitment to sustainable energy systems. As Aeneas’ journey embarked on uncharted paths, energy transition leaders, too, must navigate the unknown with courage, spearheading a holistic transformation toward a greener horizon. In this intricate mosaic, geopolitical conflicts cast
their shadows across the energy landscape, disrupting global oil markets and amplifying price volatility. The insights of the 2023 IEA reports resonate with the profound interplay between supply and demand dynam- ics. Geopolitical conflicts impact supply chains and refinery operations, sending shockwaves through the energy sector, influencing investments, and underscoring the leadership’s role in navigating turbulence. In this tapestry of complexity, the principles of humanistic leadership remain unwavering. Learning from mistakes and adapting strategies mirror the essence of leadership in the energy transition. Enea’s journey of resilience and learning serves as a poignant reminder of the significance of adaptability. Much like the fluctuations in oil supply and demand described in the IEA reports, the energy transition’s journey is marked by evolution.
Contact: Ignazio.Arces@eni.com
SOLVING YOUR CHALLENGES
RUN & MAINTAIN
Mechanical Integrity (RBI/IOW/CCD/etc.) Fitness-For-Service & Repair Design
Process Troubleshooting Fired Heater Management Root Cause Failure Analysis Bad Actor Elimination Equipment Health Monitoring
STRATEGIC IMPROVEMENT Energy Transition (Biofuels, H2, CCU) Project Feasibility Studies Value Chain Optimization LP & Kinetic Model Shepherding Margin Improvement Due Diligence Energy & Carbon Optimization
EXECUTION EXCELLENCE Reviews & Audits
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