“navigating The Renewable Energy Landscape: Gas And Electricity Trends In 2023” – To achieve its ambitious net-zero agenda, the EU needs to dramatically increase the speed and scale of the transition while ensuring affordability, security and growth.
As Belgium strives to achieve net-zero emissions, it has the opportunity to accelerate progress while pursuing green growth.
“navigating The Renewable Energy Landscape: Gas And Electricity Trends In 2023”
This summer edition compendium gathers 10 articles from the first half of 2023 covering the most important findings for the future energy transition.
Renewable Energy Country Attractiveness Index
Changes in the planet’s climate have major implications for citizens, businesses, and policymakers. This collection brings together articles and reports on physical climate risk, sustainability, the energy transition, and ways to address the challenges posed by climate change.
It is more important than ever for leaders to overcome their fears and embrace the new energy landscape. Empower consumers…
Germany has been a leader in the transition to a low-carbon energy system, but it will still miss out on much of the energy transition…
Renewable energy generation is on the rise. As the market evolves, what will it take to succeed and what kind of players will…
Navigating The Zero Energy And Carbon Landscape
Our latest perspective on the coronavirus outbreak, the twin threat to lives and livelihoods, and how organizations can prepare for the next normal.
The organizations of the future are being formed in the actions companies take now. Here’s what’s changing — and why some…
The pandemic has forced people to adopt new ways of working. Organizations must reimagine their work and the role of the office…Global decarbonisation will require the construction of wind and solar farms on a massive scale. But can developers find enough land, secure supply chains and recruit workers, all while maintaining profitability?
The rapid maturation of wind and solar power has been astounding. Not so long ago, the development of new solar and wind farms was typically driven by small regional players and cost significantly more than coal-fired plants. Today, the cost of renewable energy has fallen sharply, and many solar and wind projects are being built by large multinational companies, which often announce spectacular development goals.
Energy & Natural Resources Market Intelligence
This paper is a collaborative effort between Florian Heineke, Nadine Janecke, Holger Klärner, Florian Kühn, Humayun Tai, and Raffael Winter, and represents the perspective of electricity and natural gas practice.
Over the past decade, renewable energy growth has consistently outpaced nearly all expectations by a wide margin (Exhibit 1). Upward revisions to estimates have become a ritual.
But this growth story has only just begun. Renewable energy, led by wind and solar, is poised to become the backbone of the world’s electricity supply as countries commit to ambitious decarbonization targets. As major energy suppliers increase capacity, new players are entering the market (Exhibit 2). Fast followers today include major oil and gas companies aiming to transform their business models to profit from increased demand for renewable energy and vehicle electrification, as well as private equity players and institutional investors who will Energy as a core component of its investment strategy. Leaders in the shipping industry are investing in renewable energy to produce hydrogen and ammonia as a zero-emissions fuel source; steelmakers are looking to green hydrogen to decarbonize steel production and using renewable energy to provide green electricity for the process. Automakers are also striking renewable energy deals to help power their operations and manufacturing, and investing in wind and solar projects.
It is estimated that by 2026, global renewable energy generation will grow by more than 80% (to more than 5,022 GW) from 2020 levels. 1 Global Energy Outlook 2022, April 2022. Two-thirds of this will come from wind and solar, which grew by 150% (3,404 GW). Renewable energy will generate 60% of the world’s electricity by 2035. 2 Global Energy Outlook 2022, April 2022. But even those projections may be too low. Three years ago, we looked at the progress made in renewable energy and asked, “How Faster Can They Grow?” 3 “Rethinking Renewable Energy Strategy in an Era of Global Competition,” October 11, 2019. The answer is: more than you think they can.
Technology Performance Insurance: Risk Solutions For The Energy Transition
The race to build more solar and wind capacity increases pressure on developers to execute efficiently and intensifies competition for finite resources. That said, the three winning capabilities that we identified three years ago as important to building or scaling a renewable energy business are now even more important. They form the building blocks needed to meet the challenges at hand:
Successful renewable energy developers must use these capabilities as a solid foundation to navigate an increasingly complex and competitive environment. Specifically, they must focus on and address four emerging challenges:
Renewable energy developers need to take decisive action to prepare for these upcoming challenges. In a future series of articles, we’ll provide detailed insights into each pressure and share potential ways players can act on it.
Florian Heineke is a consultant in the Frankfurt office; Nadine Janecke is a partner in the Hamburg office; Holger Klärner is a partner in the Berlin office; Florian Kühn is a partner in the Oslo office; Humayun Tai is a senior partner in the New York office; is a partner in the Düsseldorf office.
Apple Calls On Global Supply Chain To Decarbonise By 2030
The authors would like to thank Nadia Christakou, Florent Erbar, David Frankel, Emil Hosius, Anna Kemp, Nadine Palmowski, Andreas Schlosser, Sophia Spitzer, Christian Staudt, and Jakub Zivansky for their contributions to this article. Driving energy transformation from disruption to growth Energy and industrial companies prepare for a low-carbon future
Despite the looming financial pressures, our research suggests that energy and industrial companies are likely to continue to prioritize switching to cleaner energy sources in the long run.
The energy transition is the shift of an entire economy from dependence on hydrocarbons to a greater reliance on clean energy. Considerable progress has been made in the transition to a low-carbon energy future due to economic factors, social pressures and new technologies. This report examines the progress of the energy transition to date, the issues facing decision-making management teams in the energy and industrial sectors, and how the current economic downturn and potentially low energy price environment affect the future trajectory of the transition.
COVID-19 shelter-in-place orders have significantly reduced carbon emissions and pollution, offering a preview of the carbon reductions that have been under discussion since the 2015 Paris conference. These changes have come at a huge cost, and in the month of February 2020 alone, China’s carbon emissions were reduced by 25%.
Asia Clean Energy Summit
As of early April, global traffic is estimated to be down nearly 40% (and nearly 50% in some of the hardest-hit areas, such as New York state).
Progress in the energy transition can be measured through six channels. Corporate executives, their shareholders, and customers are making change through the following six channels:
Making progress along these six channels may require companies to adopt new technologies, forge new partnerships, and anticipate changing cost structures. While short-term decision-making in the coming months is expected to focus on recovering from the market disruption, the results of Deloitte’s recent energy transition survey (see “About the research”) suggest that the energy transition is likely to remain a priority for businesses in the longer term (figure 2).
Deloitte started the energy transition study in January 2020 to gather the views of key decision-makers in energy and industrial companies on low-carbon trends and strategies.
New Renewable Energy Projects Are Overwhelming Us Grids
As part of the study, Deloitte and Wakefield Research surveyed 600 C-level executives and other senior business leaders from around the world in March 2020. 21% of respondents identified themselves as C-level executives (chairman, CEO, COO, CFO, etc.); another 31% identified themselves as senior vice presidents or vice presidents, and 16% Self-identifying as senior executives such as directors, the remaining 32% included environmental officers, health and safety officers, regulatory compliance officers and heads of business units or departments.
About 20% of executives surveyed reported company revenue between $100 million and $500 million, 60% reported company revenue between $500 million and $10 billion, and the remaining 20% reported company revenue More than $10 billion. These executives represent different industry sectors, broadly grouped into oil and gas, chemicals and specialty materials, power and utilities, and industrial manufacturing (including broader industrial manufacturing, aerospace, heavy equipment, and diversified industries).
Much progress has been made in the first two channels: energy decarbonization and energy efficiency improvements in energy use and industrial processes. Even in the current economic downturn, progress in both channels is expected to continue as corporate decarbonization programs are in place and achieving energy efficiency gains is expected to have long-term benefits. However, due to immediate spending cuts and market disruptions, we may see a temporary pause in other channels, especially in identifying new areas of investment and deploying new technologies.
Respondents to our survey said their companies either have plans in place or are developing strategies to reduce reliance on fossil fuels: 87% of chemical company executives, 92% of power and utilities executives and 92% of oil Industry executives and gas company executives echoed these claims in the affirmative. Across industries, key drivers of decarbonization include customer focus and digital technologies that support energy efficiency and decarbonization. Notably, 56% of oil and gas respondents said
Reuniwatt: Cutting Edge Solutions For High Resolution Cloud Cover And Solar Power Forecasting
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