Blog: 'The start of the 2020s: take 2' by EnergyPro's Steve Fawkes
I started an unfinished piece in January 2020 with the following.
At the risk of starting with a cliché the 2020s really do promise to be a momentous decade for the energy transition and the environment as two trends intersect; pressure to address environmental and sustainability problems, primarily climate change; and the falling costs of renewable energy and storage technologies as well as e-mobility.
Of course last January we were unaware of the massive health, economic and social disruption that would be caused by Covid-19, a disruption that realistically looks to continue at least through the first half of 2021. The effects of the health crisis on energy and emissions has been well documented. The question now is what happens as the economy recovers?
The economics of renewables, storage and e-mobility are all at the point where they are, or are close to being, cheaper than the incumbent solutions. Furthermore the pressure from asset owners and institutional capital for more sustainable solutions in buildings, industry and infrastructure continues to grow. These two trends are going to drive massive upscaling in investment in more sustainable energy, transport and infrastructure solutions. Of course we will continue to see objections and barriers being put in place by incumbent industries, and governments backing dead horses, but the tide has turned and incumbents who can’t or won’t adapt fast enough will be washed away, just as surely as buggy manufacturers were wiped out by the rise of automobiles.
The incredible efforts to develop Covid vaccines in record time should give us further reason to be optimistic about building a more sustainable future. They show once again that given enough intention and resources, and by using the best of science and technology, we can achieve amazing things very quickly. Nothing is inevitable, however, and it all requires continued effort from millions of people around the world, but the 2020s still promise to be a momentous decade for the energy transition and the environment.
At EnergyPro we continue to develop new tools and business models; undertake research; design, plan and deliver sustainable infrastructure; and enable and make investments. We look forward to working with like-minded people in 2021 and beyond. If you want to find out more about how we can help you achieve your goals in these areas in 2021 please contact us