Mounia Attiga’s Post

"New Energies = New Opportunities" And New Government Starting the day with the Labour Party winning the election and Sir Keir Starmer has been handed the keys to Downing Street. With the magical winning word ‘CHANGE’, the focus should be on the trio towards development and change Energy transition + Digital transformation + skills of the future. For energy transition, the party must now prove it is ready to deliver on and fully invest in the energy transition A call for a national energy transition strategy, a call for serious climate actions and pushing to work collaboratively to attract green investors to help deliver a sustainable future. The private sector should lead the change!

We asked, will the UK hit Net Zero by 2050? The results are in, and most of our respondents are pessimistic. 20% say 'Yes, if the government takes action', but 80% say 'No, it's too late.' Is what you think affecting your energy transition plans? Charles Scherer Dylan Fraser Olivier Deschenes Stephen Chapman #NetZero #ESG #fossilfuels #greenenergy

Al Gore is yet another important voice recognising the need for investment in electricity grids to help deliver net zero and a just energy transition. While the focus of his firm's report is more on modernising the networks that will deliver renewable power to the world's richer countries in Europe and the US, there is also a clear call for more to be done to support developing economies, which will account for most of the predicted increase in emissions in the years ahead. African countries face a double challenge. They need to raise investment for grids to deliver net zero, but they also need grids capable of delivering access to electricity to households and businesses for the very first time. Over 600 million Africans still lack access to electricity and the continent's firms frequently cite electricity access as the #1 barrier to growth. Better grids across the continent will deliver better lives, better jobs and a better climate. Alastair Marsh #africaenergy #transmission #electricitynetworks #grids

EU leaders: let's recommit to the #EUGreenDeal! This is a call from over 500 cross-sector organisations. 📯 Our ask: confirm the Green Deal as a strategic priority in the next EU mandate. According to the IEA, EU electricity consumers saved an estimated EUR 100 billion during 2021-2023 thanks to an acceleration in renewables and electrification. ♻️ The world’s clean technology value chains will be worth over €600 billion by 2030. 💰 No action on climate change, on the other hand, could lead to a 10% loss in global GDP by mid-century. 📉 Let’s not gamble on our future, let’s build it! Are you for it? Write "yes" in a comment to increase the visibility of this post and sign up at greendealforeurope (dot) eu #energy #renewableenergy #geothermal

A shift to the right threatens Europe’s energy transition ? There’s political noise, yes. And some are questioning how certain aspects of the EU Green Deal should be implemented. But look at what the 27 EU Heads of Government have just agreed. The Strategic Agenda for the EU for 2024-29 they adopted last week is a ringing endorsement of the energy transition. Even better, it embraces the policies that will actually deliver the transition. Here’s what they’ve committed to do … 👉 accelerate the #energy transition. Secure the supply of abundant affordable and clean energy; 👉 ambitious electrification. Invest in grids, storage and interconnections … ample cross-border infrastructure for energy; 👉 drive forward the industrial development of clean technologies. Scale up manufacturing capacity for net-zero technologies and products; 👉 reduce harmful dependencies and diversify and secure strategic supply chains; 👉 safeguard fair competition. Fight unfair practices. And ensure a level playing field internally and globally; 👉 develop a more circular #economy; and 👉 become the first climate-neutral continent and make a success of the #climate transition. EU texts aren’t always crystal clear. But the above language sends very clear signals. We want an energy transition. We know how to deliver it. And we’ll make sure we have the capacities to do so. If investors wanted reassuring that the EU is committed to the green transition, here they have it. And now the UK has a Government that gets it too. Committed to double onshore wind and quadruple offshore wind by 2030. And to transform the planning and permitting of infrastructure. With a new state-owned company “Great British Energy” making and leveraging the investments needed to deliver carbon-free electricity by 2030.

Investment in carbon-capture should be a priority! We knew that REs alone will not be able to win the race! Perhaps the most problematic part of the transition situation right now is that there is little that governments can do to turn things around. They can certainly ease permitting regulations to enable more wind and solar construction—until opposition from local communities begins mounting, and it will because these installations will be encroaching on farmland. They can certainly keep subsidizing EV makers, but only up to a point. Some, such as Germany, have already reached that point, and subsidies are being axed just like guaranteed minimum electricity prices. Subsidizing loss-making enterprises can only last a while, but not forever.

Europe's journey to #net-zero emissions by 2050 requires a massive €800bn investment in #energy infrastructure. This investment is not just about meeting #climate_goals but also about maintaining competitiveness in the face of global challenges. Businesses need innovative financing models and policy recommendations to navigating these complexities to leverage both public and private sectors. #KPMGValueCreation #KPMGDeals #KPMGElevate #NetZero #Energy #ClimateGoals

Europe will need to invest a staggering €800bn by 2030 in its energy infrastructure alone to meet climate goals and keep its industry competitive, according to a report by the European Round Table for Industry. The report states that the EU targets of reducing and reaching net zero CO₂ emissions by 2050 would require massive investments in power grids, energy storage and carbon capture facilities. The report also highlights that while the €800bn investment tag was necessary to meet the 2030 climate targets, a total of €2.5tn was needed for the bloc to complete the green transition by 2050 and stay in business. “We don’t want decarbonisation by deindustrialisation, that’s the core point,” said Marco Mensink, director-general of the European chemical industry body Cefic. It's a significant challenge, but one that needs addressing to ensure a sustainable future for all. Source: Financial Times

Yes indeed My sense is most people have yet to fully work through the impact of ubiquitous ‘fuels’ - while coal centralised generation into point of use power stations renewable energy can, and will be, harvested everywhere - from your home up - this tried to explore what that could look like, to help examine the direction of travel (not necessarily the end game, more to compare to the know make up of a centralised system) - https://lnkd.in/ePCvQFEW

In our 2024 UK Energy Transition Outlook (ETO) report, we conclude that the UK Government must prioritize long-term policy clarity and consistency to create an investable marketplace for #energytransition financiers to accelerate the move away from fossil fuels.