Eline Brugman’s Post

"We do what we say, and we say what we do" said Miya PAOLUCCI, ENGIE UK's Country Manager, explaining how ENGIE's purpose has been enshrined in company bylaws, uniting shareholders, colleagues and stakeholders. She spoke this evening at Reuters' Energy Transition Conference alongside the brilliant Barbara Flesche and Duarte Bello, where the trio discussed challenges and opportunities for net zero corporations. Engie has committed publicly to Net Zero by 2045 across all 3 scopes and has an SBTi certified target of “well below 2 degrees”. It believes an affordable energy transition is in reach because:   ➡The energy transition will benefit the world economy ➡An accelerated energy transition is projected to improve disposable income in Europe ➡ The transition will be a net jobs creator  ➡ All levers of the transition are proven (though some need to be scaled) ➡Close to 50% of EU emissions are addressable at competitive costs ENGIE #ETEU2024 #NetZero

The energy transition is still in its early stages, with only about 10% of required deployment achieved in most areas. A new McKinsey Global Institute report identifies 25 interlinked physical challenges that need to be tackled to advance the transition. Learn more: https://lnkd.in/eVmDiMsT

McKinsey is launching the Global Energy Perspective 2024! 🌍 This is a labor of love put together by so many of my colleagues (and proud to say, myself) The global energy transition is entering a new phase in which the true costs, complexity, challenges, and tradeoffs are beginning to play out. Urgent action and acceleration are needed to meet Paris Agreement goals and while the road ahead will bring challenges, the transition also presents substantial business opportunities as new industries and supply chains continue to develop. Join an upcoming webinar to find out more about strategies to successfully navigate this new phase. - Tuesday September 17 at 10 a.m. CEST: https://lnkd.in/e5AG33_5 - Tuesday September 17 at 12 p.m. EDT: https://lnkd.in/eqRPsVPZ #GlobalEnergyPerspective2024 #EnergyTransition

Deloitte analysis shows that to reach net-zero emissions by 2050, changes should be accomplished with urgency. The journey to net zero needs to happen at roughly 4x the speed of other major historical transformations like the Industrial Revolution. Read: https://lnkd.in/djqTuTDg

2024 is a critical year for the #energytransition in the US. Although a deceleration seems unthinkable in light of so much progress and necessity, market dynamics could merge to slow advancement. In this month’s #WMHorizons, we explore the impact of government policy, consumer choices and the competitiveness of emerging technologies on the future of US #energyinvestment. In our delayed transition scenario, Wood Mackenzie projects about US$6.5 trillion in investment for the US energy sector over 2023-50, about 55% lower than in our #netzero scenario. Read the insight on a delayed transition scenario from my teammate, David Brown, now: https://okt.to/q6jJhB

The task of successfully delivering the #EnergyTransition at the required scale and speed is the most challenging problem our industry is up against today. It’s not just about the multitasking involved in rapidly adopting a diverse mix of new technologies while (vitally) optimizing the infrastructure and energy sources that we will continue to rely on. It’s also about understanding that every intervention has complex consequences and that we need to manage the holistic impact of any route to decarbonization. I think it is positive, then, that there seems to be a growing recognition of the balancing act that a pragmatic approach to the energy transition needs to pull off. The below and recent report from S&P Global’s Atul Arya is a good example of that recognition, and is really useful reading on the “trilemma of energy security, affordability and sustainability” and how it varies around the world. At ABB Process Automation, we’re approaching that trilemma by fostering partnerships across the energy value chain which can deliver both greater overall energy capacity (of lower carbon options) and lower emissions to our existing energy systems. We know that no one organization can navigate the full picture of the energy transition alone – but together, I really believe that we can make the progress that we need realistic to achieve. #CERAweek #ABBenergyIndustries

Excited to unveil the Spring edition of Energy Focus magazine! 🌱💡 In this issue, we confront the euphoria surrounding the energy market with sobering reflections on the challenges ahead as we navigate an unpredictable world. From the resurgence of #OilandGas to the growing interest in #NuclearEnergy and the remarkable growth of #RenewableEnergy, we explore the dynamic landscape shaping the future of the industry. The Special Report on the cover: 2024 energy sector challenges, including election outcomes shaping policies, COP28's momentum, and #SupplyChain tensions, particularly in #OffshoreWind. Labour shortages and policy uncertainties hinder progress, despite momentum in renewable energy projects. Collaboration and clear objectives are vital for navigating transformative shifts effectively. View from the TOP: Stay informed and inspired with insights from industry leaders, including Abel Martins Alexandre from Lloyds Banking Group, as we navigate the path towards a cleaner and more resilient energy future. Finally, we asked senior executives Adam Kramer, Vice President Corporate Sustainability Officer at KBR, Emma Scott, Vice President of Sustainability at Kent, and Christina Horspool, Vice President Sustainability & Climate Action at X-Academy, about their primary focus driving sustainability in 2024. Join us as we delve into discussions on net-zero ambitions, investment trends, and the crucial role of innovation in driving sustainable energy solutions. #EnergyFocus #EnergyIndustry #magazine 📰🔍

The bill for achieving net zero will total into the trillions of dollars. Someone somewhere has to pay for new infrastructure, new technologies, research and development. But who should it be?   During the Baker Hughes Annual Meeting 2024, esteemed panelists debated this critical topic. Here are my main takeaways: ✔️ Innovative funding models that will meet the disparate needs of economies across the globe will be required to bolster investor confidence and stimulate cash flows to transition projects.  ✔️ Stakeholders across the energy sector should have a seat at the table when it comes to financing net-zero. ✔️ We need greater collaboration between public and private sectors to enable innovative financing mechanisms and accelerate progress. Learn more: https://lnkd.in/dpZNJjwK   #BHAM2024 #BakerHughes #EnergyPolicy #EnergyTechnology #WeAreBakerHughes #EnergizingChange

The bill for achieving net zero will total into the trillions of dollars. Someone somewhere has to pay for new infrastructure, new technologies, research and development. But who should it be?   During the Baker Hughes Annual Meeting 2024, esteemed panelists debated this critical topic. Here are my main takeaways: ✔️ Innovative funding models that will meet the disparate needs of economies across the globe will be required to bolster investor confidence and stimulate cash flows to transition projects.  ✔️ Stakeholders across the energy sector should have a seat at the table when it comes to financing net-zero. ✔️ We need greater collaboration between public and private sectors to enable innovative financing mechanisms and accelerate progress. Learn more: https://lnkd.in/eSu4-Rtd   #BHAM2024 #BakerHughes #EnergyPolicy #EnergyTechnology #WeAreBakerHughes #EnergizingChange

Making the transition to Net Zero will only be possible with huge financial support. Energy transition is a material investment opportunity for a variety of different types of capital across all sectors. Get in touch to find out how PwC is leading the market in helping clients find, do and maximise value from investments into energy transition. Miriam Pozza #NetZero #EnergyTransition