Executive Vice President, Gas and Low Carbon Energy
Dev Sanyal is CEO of BP’s global alternative energy business and for the group’s interests in the Europe and Asia regions. He was appointed a member of the BP Group executive committee in 2011. In February his appointment as EVP for Gas and Low Carbon Energy was announced, as part of BP’s upcoming reorganisation and net zero ambition. Dev joined BP in 1989 and has held a variety of international roles. In 2003 he was appointed CEO of Air BP and in 2006 became head of the group chief executive’s office. He was appointed group treasurer in 2007. From 2012 until April 2016, Dev was executive vice president, strategy and regions. Dev is an independent non-executive director on the board of Man Group plc; a member of the international advisory board of the Ministry of Petroleum and Natural Gas, Government of India; advisory board of the Centre for European Reform; and the board of advisors of The Fletcher School of Law and Diplomacy, Tufts University, where he obtained a master’s degree in economics and politics. He is a Fellow of the Energy Institute.
India faces dual challenges of energy security and energy sustainability. The government has committed to a lower carbon future in its COP 21 commitments, with ambitious targets for renewable energy, energy efficiency, and afforestation. India is already seeing impact of changing climate with changing patterns for the monsoon, more draughts and flooding. At the same time, economic growth requires more energy. What systemic changes need to be implemented to increase the penetration of low-carbon sources of primary energy? Are there strategies that fast-growing nations like India can learn from the mature European and North American markets in areas such as deregulation, competitive pricing, market liberalization, climate policy, and carbon markets? Where can India make the biggest gains in emissions reductions? What incentives are needed to stimulate private investment in solutions and R&D? Is a domestic carbon price necessary?