Powering the Future with Advanced Energy Solutions
The World Economic Forum Advanced Energy Solutions Group is the catalyst for bringing together outstanding change makers, entrepreneurs, financiers and innovators from across the world and recently had one of its meetings to stimulate and encourage this initiative further. Why?
There are enormous opportunities in the clean energy transition but also so many current barriers and pitfalls.
Taking the WEF’s objectives with this group I quote from their website:
“The World Economic Forum’s Advanced Energy Solutions community aims to accelerate, from decades to years, the deployment at industrial scale of advanced solutions such as clean fuels and hydrogen, advanced nuclear, storage and carbon removal. It engages leaders in frontier segments of the energy system that drive the energy transition”.
That CoP28 was an event that catches many of the basic emotions we are going through for managing the Energy transition to rapidly move towards a safer, sustainable climate and balance with nature.
I was reflecting on the different parts and sought a way to describe these “emotions” as my reflection of the CoP28 event and all it means to me.
The Energy Transition: Navigating a Turbulent Sea
The energy transition is a complex and challenging journey, akin to navigating a turbulent sea. It’s a voyage fraught with both exhilarating opportunities and daunting obstacles, requiring us to steer clear of whirlpools of uncertainty and sail towards the horizon of sustainability.
We are about to have the CoP28 event in the UAE from 30 November 2023 to 12 December 2023, which is crucial for the energy transition. I feel this is an actual watershed event. Those representatives attending must push for substantial agreements on what needs to be done to reduce carbonization and other polluting gases, seek ways to provide clean air and a more equitable share and conserve resources, or we will forever say goodbye to achieving anything like the 1.5 C degree.
Many experts predict that our planet is presently heading for warming to 3C. If we continue this trajectory, we will enter many unknowns in how the planet reacts and responds. If we have climate extremes, the cost of human life, upheaval and damage will continue to confront us.
This is why I think the energy transition is one of the most essential areas of necessary focus, as it is one of the most complex changes from fossil-burning fuels to clean renewables powered by solar, wind and hydro.
Here, I want to provide a view summarising the Energy Ecosystem, offering some strategic steps of underlying approaches to change and where I attempt to fit into contributions supporting solutions.
As all the delegates of CoP28 pack their things and head off to Dubai, will there be any real, lasting consensus on how we can manage our world where achieving rapid decarbonization is the priority?
There are so many conflicting opinions, vested interests and “evidence” but canCoP28achieve that with the right partnerships and immediate political, corporate, and financial action, we can live in a world beyond coal, oil, and gas — one that is safer, cleaner, healthier, and more affordable for all and forge a roadmap to get there that enables all to recognize their part.
COP 28will take place from 30 November until 12 December 2023. Pre-sessionals will take place from 24 to 29 November. There have been countless meetings leading up to the period (Pre-CoP sessions) trying to forge consensus and make clear progress on many areas of essential importance.
These CoP meetings are so often widely misunderstood, and chaotic to many present, and to the rest of the world looking in, trying to understand the process, the compromises and results that result in some of the most intense days of negotiations determining all our futures.
Let me draw from a few pointers made on the CoP process and what is needed
The search for stability with all the disruption and dislocation. Alamy Stock Photo
How do you reassure those worried that significant changes to their energy system will lead to the inevitable disruption and dislocation none of us like? How can you deal with this to elevate some of those worries? How can we manage so much change occurring to give some level of stability and continuity?
Addressing concerns and reassuring individuals or organizations worried about potential disruption and dislocation resulting from significant changes to their energy systems requires a thoughtful and empathetic approach.
Putting together some areas that are avenues to explore to reduce the concerns, build support, engagement and contingencies are suggested here.
The art of leapfrogging accelerates the Energy Transition
Any search for advantage or validation of making a change must consider the art of leapfrogging, especially in the Energy Transition we are all undergoing.
Leapfrogging can accelerate the rapid and transformative progress toward a more sustainable and efficient energy ecosystem that provides advantage and customer identification.
Leapfrogging done correctly offers the benefits of evaluating existing solution options, considering the added value of environmental considerations and enhancing access and resilience in a rapidly changing world needing faster adoption of cleaner energy solutions to accelerate your solutions.
Where leapfrogging really ‘scores’ is offering the ability of a developing or less developed country to essentially “skip” less efficient and higher carbon-intensive technologies during their energy development.
Leapfrogging provides a significant opportunity to develop and cut carbon emissions simultaneously, it is vastly underrated and considered. We love reinventing the wheel when there is often no need.
Leapfrogging is when developing countries industrialize with renewable energy instead of non-renewables.
Equally, companies can learn and adopt from others to reduce their own research and development costs and long lead times, across a wide range of technical improvements in renewable and storage technologies, grid balancing, use of software management, saving running costs by searching for leading or emerging best practices.
Also it can be by taking certain component parts of a solution you can accelerate and adapt to upgrade parts or finding blending solutions that fit your circumstances.
The report will be a central debating feature of the CoP28 meeting, to be held between November 30th to December 12th, 2023, in Dubai, the UAE. This report aims to inform and gain consensus on how to move forward.
One of the largest News Agencies recently asked me about the Energy Transition. These were some really tough open-ended questions: “What are the industry challenges and solutions,” “the key trends and developments“, What are the Challenges I face,” then “What critical solutions are there to the challenges” and finally “What value and guidance would you offer.”
The energy transition is a vast, complex area to view. I took a deep breath and thought about how I would break this down over a discussion of only 45 minutes. I decided to break it down into bite-size chunks such as Key Challenges, Worries, Big Ticket issues, My working issues, and finally, How the energy industry needs to get organized.
On reflection, I realized how many more points I could have raised or explained. Still, the structure of my breaking this down allows for some further thinking and additions that help me build this out, as many struggles with absorbing this energy transition, and I can build on my initial reactions here. Well, that is in my plans going forward.
This has undoubtedly been a year where the Energy Transition has felt, more often than not, thrown into reverse.
In Germany, coal mines have been reopened, and nuclear power stations scheduled to be decommissioned been given an extended lease of life. Nearly all EU countries, very dependent on Russian oil and gas, have been scrabbling like crazy to find alternative sources, all at rising prices and growing difficulties in finding supplies. The cost of energy to the consumer has risen significantly, and many Governments have been forced to offset winter bills with different incentives, payments or credits that will be highly expensive, so where does that cost come from, and what gets sacrificed?
France struggles with a rapidly ageing fleet of Nuclear power plants and the issue of how many of these can be up and running and functioning at levels to maintain power to their network and be able to support neighbours at times of their need.
The UK Government announced this week it’s the first opening of a new open coal mine in Cumbria a year after the UK lobbied to ‘consign coal to history. The developer, West Cumbria Mining, said it was “delighted” it could now deliver what it called “the world’s first net zero mine”. It plans to offset the emissions from the construction, mining and domestic transport phases. I hate the word “offset”. West Cumbria Mining says the coking coal it produces will be used for steelmaking in the UK and Europe. The local council had granted permission to dig for coking coal until 2049, with the mine expected to create about 500 jobs.. Yet the two prominent companies that still make steel using coal in the UK – British Steel and Tata – say they plan to move to lower carbon production methods. According to the UK Telegraph, this Cumbrian coal mine is economical and diplomatic idiocy.
The UK’s lead climate negotiator, the minister Alok Sharma, delivered a very telling speech at Cop27 revealing what some countries had tried to push through to an agreement.
Sharma was the president of the Glasgow Cop in 2021, and he was clearly frustrated with the events of the last two weeks in Egypt. and especially the final text outcome adopted at the Cop 27 meeting.
I personally was disappointed by the Cop26 held in Glasgow and chaired by Alok Sharma and the stunning last-minute intervention by India (along with China) where the phasing out changed to phasing down of coal.
Twelve months on and we seem to be making extremely slow or no progress on fossil fuels in any Global agreement of phasing down or out.
