Why I think the energy transition as one of the most important areas of necessary focus

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.

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Please Reenergize, Revitalize, Reconnect and Reimagine at CoP28.

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 can CoP28 achieve 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 28 will 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

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Accelerating the Energy Transition into a Revolution.

Moving towards an Energy Revolution

We are in numerous world crises; the erratic weather patterns are causing droughts, floods, and high extremes of heat or sudden cold; less productive land and the oceans of the world are heating up, and that has progressively a dire consequence on our food chain.

We are still caught up in this fruitless debate of shall we / shant we switch away from fossil fuels, especially while we are (seemingly) in an energy crisis. We need to radically switch away from fossil fuel now period!!

We have worse to come. All these crises are heading us towards a world that will become increasingly difficult to live in as humans, to produce enough food or uninhabitable for many animals or species we have around us that increasingly are facing extinction. Then what about nature itself? I find it very hard that humans seem to ignore so much and just seem to want to carry on as usual. We as humans have induced climate change, we have less than twenty to thirty years to attempt to reverse it.

I would argue we need to have a revolution!

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Low-cost DAC is challenging, but no more so than any other revolutionary technology – OH PLEASE!

Climeworks visual

I was reading a (typical) consulting article from BCG entitled.”Shifting the Direct Air Capture Paradigm” giving a “classic”, somewhat optimistic view of how we can bring the costs down of Direct Air Capture.

The authors start with, “Even though it is still nascent, DAC could play a critical role in delivering on net zero.”

Sorry, convince me.

They outline that “the cost of DAC (the end-to-end cost of CO2 removal including final storage) will need to fall from $600 to $1,000 per ton of CO2 today to below $200 per ton and ideally closer to $100 per ton by 2050, and preferably earlier.”

Is this where I get my magic wand out, wave it a few times, and this scenario will happen?

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Not in this Text; disappointment at CoP 27

CoP 27- “Not in the text” is most telling

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.

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Accelerating the new Energy Ecosystem

Accelerating the Energy Transition
https://innovating4energy.website/

Over the next twenty to thirty years, the Energy System will undergo a massive transition to achieve that eventual 2050 net-zero target of decarbonizing the energy system fully, resulting in a clean, climate-resilient energy transformation.

I have been looking in a short mini-series at the need to structure the Energy System in a very systematic and consistent evaluation as we undertake the changes from a fossil-reliant ecosystem into a clean, renewable one, with the overriding obligation to address climate change.

In this third and final post of this series, I focus on 1. Innovation & Ingenuity, 2. Experimentation & Rapid Pilots, and 3. Leapfrog Opportunities and discuss a value proposal.

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Building out the new Energy Ecosystem

Building out the new Energy Ecosystem

I firmly believe the Energy System needs a very systematic and consistent evaluation as we undertake the changes from a fossil-reliant ecosystem into a clean, renewable one, with the overriding obligation to address climate change.

As you consider a change of this magnitude, you recognize how complicated this becomes, and the deeper your thinking becomes, hence why I like thinking through this with the use of mind maps.

I would argue we need a consistent framework to keep working through all the changes that will be undertaken in the next twenty to thirty years to achieve that eventual 2050 net-zero target of decarbonizing the energy system fully;  resulting in a clean, climate-resilient energy transformation.

Within my first post, “Changing the Energy Ecosystem“, I began to lay out the need to change the energy dynamics by redirecting them away from the existing systems and structures.

This is my second post, which continues to build out the new Energy Ecosystem.

This post focuses on the two points of Reforming Business models and the needed Resolutions to take this different thinking forward, then I will take out in the third post, Innovation & Ingenuity, Experimentation & Rapid Pilots,  and Leapfrog Opportunities.

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Changing the Energy Ecosystem

We have a very unhealthy world.

When I set up this posting site https://innovating4energy.com in December 2019, I stated within the site identity the tagline “a transition in all of our lives.” Little did I know how our lives would change at that time and continually do so in a very unhealthy geopolitical environment where collaboration is rapidly deteriorating to solve our rapidly warming planet.

I have found working in this energy transition space to be extremely hard, if not at times overwhelming. It is so complex, challenging and caught between the extremes of needed change and no change. You wonder what will happen, not just in the year 2050 as that year we need to have achieved bringing our world to a net-zero in carbon.

Just how we will be capable of transitioning to a net zero energy system by 2050, ensuring stable and affordable energy supplies, providing universal energy access, and enabling robust economic growth is seemingly getting harder to grasp than it was a year ago or even when I started this posting site. Continue reading

Unlocking your challenges and issues

 

Two really important points have troubled me in the past months and given growing challenges and issues relating to the energy transition.

The failure of CoP26 lingers very heavily and now as we are caught up in the Russian- Ukrainian war we are seeing so many reverses on pledges made in Glasgow or simply waiting to see where this crisis will take us all.

It seems to be that the lack of positives is presently being defeated with all the negatives I have been recently reading about in disruption, energy risks and the growing energy crisis. A level of panic is setting in. It does seem we are losing real momentum on reducing carbon emissions as we fall back on fossil fuel supplies.

At the UN’s Cop26 climate summit in November 2021, after a quarter-century of annual negotiations that as yet have failed to deliver a fall in global emissions, countries around the world finally included the word “coal” in their concluding decision. That is now back on the agenda, with old coal mines even being reopened.

Even this belated mention of the dirtiest fossil fuel was fraught, leaving a “deeply sorry” Cop president, Alok Sharma, fighting back tears on the podium after India announced a last-minute softening of the need to “phase out coal” to “phase down coal”.

The really shocking failure at CoP26 was this.

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Direct Air Capture- a viable dream or impossible

Courtesy of CB Insights

I have been working through the latest IEA report “Direct Air Capture: a key technology for net-zero

I have to be utterly honest here, I really struggle with the viability (as it stands) for Direct Air Capture (DAC) to be a significant contributor to achieving net-zero by 2050.

If we cannot soon demonstrate AT SCALE the viability I think this pursuit of capturing CO2 directly from the air is a distraction, huge experimentation that deflects us and much needed financial and human capital away from more proven (at scale) technologies or solutions. Continue reading