The Energy Transition: This is Not Going to be as Easy as We Hoped

Monday, April 15, 2024 | 10:00AM – 11:30AM CT America’s greenhouse gas emissions fell 1.9 percent in 2023, in large part because the burning of coal to produce electricity plummeted to its lowest level in half a century in North America, according to estimates published by the Rhodium Group. But at the same time the Paris-based International Energy Agency last week released its “CO2 Emissions in 2023, A new record high, but is there light at the end of the tunnel?” report showing the world’s energy-related CO2 emissions grew 1.1% in 2023, a slight reduction from 2022. Its executive summary notes that coal, used for power generation in Asia, accounted for nearly two-thirds of the increase. The agency’s press release credits renewables as blunting even worse emissions outcomes. The Energy Transition from a fossil-fuel dominated energy ecosystem to a lower carbon, more diversified energy system based on renewable energy sources, the world has the opportunity to rethink our relationship with energy but given this major change in an accelerated pace, we have to rethink everything, and we better do it fast. There are some major hurdles not just in engineering and operations, but in finance, just transition and cultural challenges. This is going to be a wild ride. All content contained within this webinar is copyrighted by Jim Crompton and its use and/or reproduction outside the portal requires express permission from Jim Crompton. Webinar recordings will be available on-demand within 1 business day of the webinar completion. For those who attended the live webinar, your certificate will be available in your “Learner Profile” within 1 business day of the webinar completion. This webinar is free to SPE Members.