Ted Ritzer’s Post

The report outlines three decarbonization scenarios but stresses that none will meet the 1.5°C climate goal without drastic changes. Key challenges include slow adoption of low-carbon technologies, high costs, and insufficient investment. The energy transition requires robust policy support, international cooperation, and increased capital spending. #EnergyTransition #SustainableEnergy #RenewableEnergy #Decarbonization #EnergyDemand #CleanTech #ClimateChange #EnergyEfficiency #GlobalEnergy #EnergyFuture #CarbonNeutral #Investment #Technology #ClimateAction #GreenEconomy

New York Energy Week 2024: Strategies and Policies for Achieving Net Zero: A Comparative Analysis of OECD and non-OECD Countries with Kaushik Deb, Senior Research Scholar, Center on Global Energy Policy on June 24 @ 2:00 pm - 2:30 pm. Register here to join the conversation https://lnkd.in/g4TZ4S5y #sustainability #renewableenergy #nyew #nyew2024

The UK has officially become the first G7 country to switch off coal-powered energy—a significant milestone in the global transition to cleaner, more sustainable energy. This is a step forward in the journey towards net-zero and a testament to what can be achieved through focused policy and technological innovation. Good news to kick off the week and a reminder of the pivotal role sustainability plays in shaping our collective future. Let’s continue driving the change, embracing new energy solutions, and building a more resilient world. #Sustainability #CleanEnergy #NetZero #Leadership https://lnkd.in/eGeFKJFP

The future of the global energy sector is caught up in a messy and misleading ideological debate. Depending on which politically informed echo chamber one inevitably finds themself confined to on social media, they are either told that the energy transition is a dangerous myth that will end in economic disaster and permanent rolling blackouts, or that clean energy is going to save the world overnight – as soon as conservatives get out of the way. As usual, the truth lies somewhere in between. The energy transition is strictly necessary. But it’s going to be very, very hard. It’s damaging to deny that there will almost certainly be shocks, missteps, and setbacks as we undergo one of the most disruptive chapters in industrial history. In large part we’re relying on untested and in many cases as-yet unproven technologies to emerge in the nick of time. There’s a temptation to sugar-coat the scale of the imperative to make the energy transition more palatable and less daunting. But there’s no denying it – it’s a very uncomfortable, and even frightening, petition to be in. And there will be winners and losers as economic priorities shift – the energy transition is good for humanity as a whole, but it certainly isn’t good for everyone. Acknowledging these difficult truths is essential to properly planning for and managing humanity’s greatest cooperative project. “There’s a lot of lying to ourselves,” Jason Grumet, the head of the American Clean Power Association (ACP), was quoted by Harvard’s Salata Institute for Climate and Sustainability. “We don’t want to grapple with a very, very tough issue: How do we think about the extent to which some communities have been fundamentally antagonized and disadvantaged, which is absolutely true, and the fact that the world is going to boil if we don’t speed things up?” https://lnkd.in/drzWcNsH

Given CDN's climate re -40 cold dark windless winter nights, I think CDN may be better off with weather inexpensive independent baseload reliable hydro, CANDU & natural gas that has been used for the past 50+ years. However to these I would add the use of geothermal whether US based Fervo, or CDN based Eavor, but also the energy innovation of Nobel winning Rodney Allam's two new startups that use inexpensive natural gas to generate clean electricty via NET Power and clean hydrogen/ammonia via 8RH2 8 Rivers.

Transition Trends and the Hydrogen Debate! One of my most challenging topics in the energy transition is the overhyped focus on green hydrogen. It often feels misguided and diverts us from the most effective paths to addressing climate change. Michael Liebreich's lecture lays out compelling arguments that cut through the noise. Highly recommended! The right way to incentivize markets is by addressing the core issue: CO₂ emissions. This means implementing a global carbon tax, ensuring that the carbon footprint of products and services is reflected in their costs. With this approach, markets can naturally identify the most efficient solutions without the need for governments to impose impractical or overly prescriptive measures. https://lnkd.in/dQWgY-5e

The World Energy Council has released its annual World Energy Issues Monitor, painting a picture of an energy transition facing significant uncertainty due to a fragmented global leadership landscape. Read more here: https://ow.ly/EV0A50R7shv

" 'Clean energy,' as Americans increasingly understand, is a phrase for the extremely dirty industrial business of delivering a consumer a car with no emissions at the tailpipe or electricity manufactured without the help of a fossil-fuel power plant. “Energy transition” describes a nonexistent, mythic phenomenon found nowhere. 'Decarbonization' is a placeholder for sending gas-fired US and German heavy industry to China to run on coal." Read more from this Substack interview with Liberty Energy's (and DEPA Board Member) Chris Wright. It will make you smarter!

The clean energy revolution will continue

I am biased of course, but Equinor's Chief Economist, Eirik Wærness, is one of the best in the business and our annual Energy Perspectives report provides a lot of food for thought in considering the complexity of global energy markets and the energy transition. Listen in on June 12 at 11 am (EST) as Eirik will join the Atlantic Council Global Energy Center for a conversation on energy, climate, geopolitics, and more. #ACEnergy