Energy Connects’ Post

Is it time to ask whether we severely underestimated the economic toll of going green? Dive into Lorenzo Totaro's latest exclusive column on Energy Connects to explore the full scope of the energy transition and its hidden costs.

A successful #energy transition requires a pragmatic new approach to deliver energy that is affordable, secure, and more #sustainable. https://lnkd.in/gcdiHbQn

The focus should be on reducing emissions from conventional energy sources while we continue the transition to renewable energy sources…

🌱 Energy boss calls for urgent reforms to hit UK green targets - Financial Times 🌱 Just read this compelling article in the Financial Times about the urgent need for reforms in the UK energy sector to meet green targets. The energy industry is at a critical juncture, and it's clear that action is needed now to ensure a sustainable future for our planet. The insights shared by the energy boss in this piece highlight the challenges we face and the proactive steps required to address them. It's time for everyone in the industry to come together and drive the necessary changes. This is not just about meeting targets but also about creating a positive impact on the environment and our communities. I encourage you all to read this article and join the conversation on how we can work towards a greener and more sustainable energy future. Let's take the lead in making a real difference! #GreenEnergy #Sustainability #UKEnergyReforms https://ift.tt/IWp8wnb

Chapter Zero Kazakhstan: Balancing #EnergyTransition with #EconomicGrowth At Chapter Zero Kazakhstan we are committed to supporting pragmatic and sustainable energy transitions, recognizing the critical role of hydrocarbons in our economy and the need for innovative solutions to reduce emissions. 🌍⚡️💧 Fahad Aldhubaib Senior Vice-President of Strategy and Market Analysis at aramco highlights several key points relevant to our mission: 1. Pragmatic #EnergyTransition: The global energy transition must be adaptable and inclusive, particularly for #emergingeconomies like #Kazakhstan. A #technologyagnostic approach is essential to ensure energy remains #affordable, #secure, and #sustainable. ⚖️🔋 2. Investment in #EmergingTechnologies: Increasing energy demand presents opportunities for investment in technologies such as carbon capture and storage (#CCS), #hydrogen, and #energystorage. These technologies can complement our existing hydrocarbon resources, reducing emissions while supporting economic growth. 💡💰📈 3. Role of #Hydrocarbons: Oil and gas will continue to play a significant role in the global #energymix. #Kazakhstan must focus on reducing emissions from these conventional sources, leveraging technologies like #CCS and exploring lower-carbon energy products such as #bluehydrogen and #blueammonia. 🛢️🌱🔵 4. #Infrastructure and #Collaboration: Infrastructure investment and global collaboration are critical. Leveraging existing infrastructure can optimize costs and efficiency, while #internationalpartnerships can drive #innovation and #knowledgesharing. 🏗️🤝🌐 5. Sustainability Initiatives: Aramco’s commitment to sustainability, including significant #R&D investment and ambitious net-zero targets, sets a benchmark. In #Kazakhstan, we can draw inspiration from these initiatives to enhance our #sustainability efforts and reduce our #carbonfootprint. 🌿📉🟢 At Chapter Zero Kazakhstan, we are dedicated to facilitating #dialogue and action on #climategovernance, ensuring that #Kazakhstan’s #energytransition is both economically viable and environmentally responsible. Let’s work together to achieve a balanced and sustainable future. 🌟🤝 Join us: https://lnkd.in/gSVK528f #EnergyTransition #Sustainability #ClimateGovernance #Kazakhstan #ChapterZeroKazakhstan #RenewableEnergy #Innovation #Investment #GreenFuture #NetZero #CarbonCapture #HydrogenEnergy #GlobalCollaboration #SustainableGrowth

A successful #energy transition requires a pragmatic new approach to deliver energy that is affordable, secure, and more #sustainable. https://lnkd.in/gcdiHbQn

Excellent commentary from Katherine Dixon in today’s Reuters article on our #cleanenergy future. “…the pressure on companies is intensifying. Investor groups, consumers and governments are all demanding more. Those in the highest-emitting sectors can feel this pressure most acutely. Few companies will say what most know: the business case for low-carbon investment is often weak and business leaders can’t make up magic solutions that run against market realities.” Let’s get honest about clean energy solutions. Our world's transition to a #cleanenergyfuture requires a major leap forward in global energy governance. https://lnkd.in/e3SjTg79

"We have to have a different conversation about energy that recognizes that energy connects everything." Our Secretary General and CEO Dr Angela Wilkinson sat down with David Blackmon for Forbes to discuss the immediate need for new forms of collaboration to advance clean and inclusive energy transitions and the importance for world leaders to consider the entire energy ecosystem to create lasting change. 👉 Read the full article here: https://lnkd.in/eUw-4tQv #energytransition #energysystems #cleanenergy #decarbonisation #sustainableenergy 

𝐆𝐥𝐨𝐛𝐚𝐥 𝐂𝐥𝐞𝐚𝐧 𝐄𝐧𝐞𝐫𝐠𝐲 𝐒𝐩𝐞𝐧𝐝𝐢𝐧𝐠 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭𝐬 (𝟐𝟎𝟐𝟐-𝟐𝟎𝟑𝟎) Global #CleanEnergy funding is projected to total $5.6 𝙩𝙧𝙞𝙡𝙡𝙞𝙤𝙣 between 2022 and 20230, driven by the need for alternative sources to coal, oil, and other carbon-intensive energy sources. While this investment is essential for mitigating #ClimateChange, according to S&P Global, climate funding will still fall short of reaching the goals laid out in the #ParisAgreement. This graphic shows where this investment is projected to be allocated to over the next decade, based on forecasts from S&P Global. 𝗚𝗹𝗼𝗯𝗮𝗹 𝗖𝗹𝗲𝗮𝗻 𝗘𝗻𝗲𝗿𝗴𝘆 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁, 𝗯𝘆 𝗧𝘆𝗽𝗲 By 2030, #SolarEnergy is forecast to see $2.8 𝙩𝙧𝙞𝙡𝙡𝙞𝙤𝙣 in global clean energy investment, the most across #RenewableEnergy sources. This investment in #solar accounts for nearly half of the global total, with 26% going to smaller-scale “distributed” #SolarSystems, such as rooftop #SolarPanels across households, businesses, and other public institutions. Comparatively, utility-scale solar is estimated to see 23% of incoming funding by 2030. #WindPower, falling next in line, is projected to attract the next largest slices of investment, totaling $1.9 𝙩𝙧𝙞𝙡𝙡𝙞𝙤𝙣. More of the investment is slated to go #OnshoreWind projects (20%), while #OffshoreWind —which generates power on #WindFarms built across bodies of water—is set to receive $774.2 𝙗𝙞𝙡𝙡𝙞𝙤𝙣 or 14% of estimated funds. Both the U.S. and the European Union have created incentives for offshore-wind companies, including new tax credits from the Treasury Department. Overall, current S&P Global forecasts expect $700 𝙗𝙞𝙡𝙡𝙞𝙤𝙣 𝙥𝙚𝙧 𝙮𝙚𝙖𝙧 of renewable energy investment through 2050. However, under a #NetZero model, an annual figure of $1.4 trillion would be needed to reach #ZeroEmissions by 2050. Visual Capitalist https://lnkd.in/gT9q_8_n #Sustainability #SustainableEnergy #Electrification #CarbonNeutral #EnergyStorage

"Humanising Energy" is the World Energy Councils slogan for the changes the energy landscape is seeing. The world is in turmoil and so is the #energy landscape, too. This holds true especially for energy #grids. The World Energy Council this week revealed the World Energy Issues Monitor 2024. Based on questioning around 1,800 energy #leaders in over 100 countries, the World Energy Issues Monitor mirrors every year the mood of our #industry worldwide – 2024 for the 14th time. It nicely depicts #uncertainties and certainties that keep energy leaders awake at night or busy at theirs desks. For the #transmission and #distribution grid companies the outcome is clear - they are standing the center of global attention 🎯   ⚡ Transmission Grids, Infrastructure Planning and Energy Storage are three of the Top6 Topics curated to have the greatest #impact on the energy world ⚡   Overall the main issues identified are summarised by the World Energy Council as follows:   👉 Old and new geopolitical agendas are vying for pole position 👉 Energy security concerns have evolved beyond conventional supply side security to demand driven shocks and disruptions and the impacts of climate change 👉 Investor confidence in de-risking clean energy investment has grown significantly 👉 Key technologies are emerging as pivots in energy transitions, disrupting the energy landscape 👉 Transmission grid strengthening and expansion, as well as more flexible energy storage solutions, including demand management, are globally recognised areas of focus and action. 👉 Climate action priorities, encompassing mitigation, adaptation, and compensation, vary across regions 👉 New mixes of policy and regulations are needed to manage the multiple objectives in redesigning energy for people and planet. 👉 Social transformation gains momentum: demands for shared benefits, social inclusivity and justice increasingly influence energy strategies.   For energy infrastructure operators around the world this moves them even further to the center of attention 📢 They need to manage balance uncertainties within the processes of   🔧 Decarbonisation 🔧 Digitalising 🔧 Decentralisation 🔧 Disruption 🔧 Diversification   While “Humanising Energy” – as the WEC puts it. In any case, whether you agree or disagree, the WECs work is as always great food for thought! 🤟 https://lnkd.in/enFz8Jx3