Lucy Foster’s Post

PwC UK’s Net Zero Economy Index 2024 highlights a concerning trend: global decarbonisation has stalled. Despite a boost in renewable energy capacity, rising energy demands have driven fossil fuel use up too. To close the gap between goals and actions, we need to expand the use of renewable energy, but also manage energy demand and efficiency better. #NetZero #Sustainability

PwC UK’s Net Zero Economy Index 2024 highlights a concerning trend: global decarbonisation has stalled. Despite a boost in renewable energy capacity, rising energy demands have driven fossil fuel use up too. To close the gap between goals and actions, we need to expand the use of renewable energy, but also manage energy demand and efficiency better. #NetZero #Sustainability

PwC UK’s Net Zero Economy Index 2024 highlights a concerning trend: global decarbonisation has stalled. Despite a boost in renewable energy capacity, rising energy demands have driven fossil fuel use up too. To close the gap between goals and actions, we need to expand the use of renewable energy, but also manage energy demand and efficiency better. #NetZero #Sustainability

PwC UK’s Net Zero Economy Index 2024 reveals that global decarbonisation efforts have stalled, with a carbon intensity decrease of just 1.02% in 2023. Despite a rise in renewable energy capacity, surging energy demand led to an increase in fossil fuel consumption, putting progress at risk. Find out how businesses and policy makers can take action. #NetZero #Sustainability

PwC UK’s Net Zero Economy Index 2024 reveals that global decarbonisation efforts have stalled, with a carbon intensity decrease of just 1.02% in 2023. Despite a rise in renewable energy capacity, surging energy demand led to an increase in fossil fuel consumption, putting progress at risk. Find out how businesses and policy makers can take action. #NetZero #Sustainability

It's never comfortable to read bad news, but its important to reckon with this analysis. My quick observation is the critical role public/private collaboration can have (a recommendation within this report) and how important it is to better define the best ways to do this. #ESG #realestate #decarbonisation #ESG

PwC UK’s Net Zero Economy Index 2024 reveals that global decarbonisation efforts have stalled, with a carbon intensity decrease of just 1.02% in 2023. Despite a rise in renewable energy capacity, surging energy demand led to an increase in fossil fuel consumption, putting progress at risk. Find out how businesses and policy makers can take action. #NetZero #Sustainability

We’re delighted to see renewables becoming more accessible around the world! Many countries which currently serve as sources of raw materials for new technologies are looking into clean and renewable sources for their own power generation. For just one example highlighting this, check out “Fueling the Energy Transition: Can a Congolese community affordably electrify with renewable resources?”, a case by Calli VanderWilde, Tyler Fitch, and Jose Alfaro. This case examines electrical development projects in the context of a small city (also known as a microgrid) in the Democratic Republic of Congo. Check it out: https://lnkd.in/ebYMBB2A https://lnkd.in/e6BQqKD8

Have you had a chance to explore our Green Skills and Sustainability Talent Hub? Access industry insights, case studies and insightful videos on Green Skills, Sustainability Talent, Renewables Talent and navigating the impacts of the Inflation Reduction Act - your key to staying competitive and agile in evolving markets. Take a look around and find the latest insights here - https://lnkd.in/ehAmuuBP #greenskillshub #sustainabilitytalent #renewablestalent #inflationreductionact #talentinsights

Energy transition is slowing down! During the last 6 months I have seen so many important projects being paused or abandoned that a red light must be blinking in many CEOs and Governments panels. The main justifications are inflation, capex increase, lack of subsidies and lack of offtake agreements. My thoughts: - A sustainable business cannot depend on subsidies to grow. Governments needs to establish the right environment and support the value-chains kick-off. But the governments should not use taxpayers’ money to sustain unprofitable businesses. - Most consumers and companies are not willing to pay “too much” for a green alternative. If our economies are going well, we invest in the green transition. If we are struggling economically, our priority is to survive. Makes sense. In summary, Equinor energy trilemma continues to be the most elegant way to explain this. What are your thoughts? How can we set energy transition back on track?