No Set Path For Decarbonisation Although Creating The Means To Get There Is Needed
Dailycsr.com – 16 April 2020 – In 21st century, the topic of decarbonization could be considered as the modern “moon shot”. Recently, the Power Engineering Magazine published an article by “Leslie Ponder and Kevin Cornish”, both are professionals from the energy sector, who looks into the future landscape of decarbonization with a “net-zero carbon emissions” tomorrow wherein “carbon-free energy goals” will be seen in the market which are “rapidly decentralising”.
According to Ponder and Cornish, as mentioned in the article:
“There’s no set path to decarbonization, and no single rocket ship that will get us there. Although it’s a common goal, the players – utilities, governments, corporations and other entities – are at different starting points, with different drivers, timelines, and levels of complexity.”
Irrespective of the players current positions, the “best rocket ship” creation is going to prove a critical aspect of the said mission. However, the utility sector seems to have a particular benefit in here, as it is open to “more options than ever before”, for example “large-scale solar and wind, battery storage and associated technologies, natural gas, hydrogen power and even next-generational nuclear energy”.
In order to successfully launch into this future, managing data will turn increasingly an important part of decision making which is also need to “move to the grid edge”. Moreover, the utility sector will also need to become more transparent for its distribution as well as “transmission systems” while they vote for “regulation modernization”.
Finally, last but not the least concern for the utility sector is to learn to succeed in the future landscape amid changing “business models and customer requirements”. The trend will also bring in more collaborative approach between partners and regulators for which we will need to introduce “new regulatory models and rate structures” which can “better address” the changing requirements of the market.
References:
3blmedia.com
According to Ponder and Cornish, as mentioned in the article:
“There’s no set path to decarbonization, and no single rocket ship that will get us there. Although it’s a common goal, the players – utilities, governments, corporations and other entities – are at different starting points, with different drivers, timelines, and levels of complexity.”
Irrespective of the players current positions, the “best rocket ship” creation is going to prove a critical aspect of the said mission. However, the utility sector seems to have a particular benefit in here, as it is open to “more options than ever before”, for example “large-scale solar and wind, battery storage and associated technologies, natural gas, hydrogen power and even next-generational nuclear energy”.
In order to successfully launch into this future, managing data will turn increasingly an important part of decision making which is also need to “move to the grid edge”. Moreover, the utility sector will also need to become more transparent for its distribution as well as “transmission systems” while they vote for “regulation modernization”.
Finally, last but not the least concern for the utility sector is to learn to succeed in the future landscape amid changing “business models and customer requirements”. The trend will also bring in more collaborative approach between partners and regulators for which we will need to introduce “new regulatory models and rate structures” which can “better address” the changing requirements of the market.
References:
3blmedia.com
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