Majd Fayyad’s Post

#Energysecurity is more critical than ever due to geopolitical conflicts. #Energysecurity and #climateaction are linked: Extreme weather is already threatening energy infrastructure worldwide ☔️🌪️ ⚡️Building more efficient, cleaner energy systems that also address climate action are a must ! 🌍Clean energy is entering the system like never before, but progress is uneven across countries and technologies. 💡The world has the capacity to move faster...A resilient, people-centered sustainable energy system is within reach! #WorldEnergyOutlook #2024 International Energy Agency (#IEA) #RE #energyefficiency #climateaction #netzero

🔌 Why is the European Energy Transition Slowing Down? 🔌 After attending Enlit Europe 2024, it’s clear that Europe's energy transition is facing some major challenges. From rising energy consumption to investment gaps and ongoing reliance on fossil fuels, the path forward is more complex than ever. In our latest article, we explore the key factors contributing to this slowdown and how we can address these obstacles to meet the EU’s climate goals. Check it out to learn more about the insights from the event and how CLOU can help support the transition. 🌍⚡ #EnlitEurope2024 #EnergyTransition #RenewableEnergy #GridModernization #SmartMeters #EnergyStorage #CLOU https://lnkd.in/gUn2J3zV

Interesting read Seems like the path to a vision of #netzero is a bumpy path. I think we would all love the idea of a net zero world protecting the planet however I don’t think it will happen in my lifetime or possibly my children’s lifetime either. Who knows though where technology will take us in another 50-75 years and what impressive milestones will be achieved on this journey #renewableenergy #energy #decarbonisation #windenergy #renewables #business #innovation

Published today, BloombergNEF’s New Energy Outlook 2024 presents the long-term energy and climate scenarios for the transition to a low-carbon economy. The revised global Economic Transition Scenario now forecasts renewables accounting for 70% of electricity generation by 2050. Whilst the Net Zero Scenario, which targets global warming of 1.75 degrees celsius, will require an immediate peaking of emissions and fossil-fuel use across the global energy system – spanning the power, transport, industrial and buildings sectors. “On the energy supply side, for every dollar that goes to fossil fuels, an average of $3 needs to be invested in low-carbon energy over the remainder of the decade – up from parity today.” See below a graph for energy-related emissions and net-zero carbon budget, under the Economic Transition Scenario and Net Zero Scenario. Source: BloombergNEF. Read the report online: https://lnkd.in/ezrmeK4

#Energy #IndependenceDay 2024 is a significant event that emphasizes the transition towards a sustainable and resilient future. It’s a day dedicated to raising #awareness about the importance of energy diversification and the adoption of #renewableenergy sources. The celebration marks a commitment to #technologicalinnovation and international cooperation to achieve energy independence and tackle the challenges posed by climate change. Read this full article by: Kajal Mehra. #electronicsnews #technologynews

Today we launched the latest version of research called Energy Transition Outlook 2024. Some of the highlights of this report:: 1.     2024 is likely the year of peak energy emissions, but the slow decline of post-peak emissions keeps key climate goals out of reach 2.     Slow developments in hard-to-electrify sectors contrasts with rapid cost reduction and growth of PV and batteries 3.     Highly competitive Chinese clean technology is speeding up the transition 4.     National and economic security priorities dominate the international agenda and slow the transition 5.    Market forces are necessary but insufficient; energy policy needs urgent alignment with climate goals You can download your own copy of the report and other ETO material, including data behind our forecast from the ETO website: https://lnkd.in/dbGYDuFU

The World Energy Council has published its annual World Energy Issues Monitor and revealed increasing uncertainty and extreme polarisation is impeding the path to net zero and beyond #netzero

Important reading for anybody in the energy sector.

The Global Energy Transition is underway, with #emissions peaking as growth rates slow. Low-carbon energy will drive the sector's decarbonisation, gaining momentum despite the continued role of fossil fuels. #Climate policies and investments in low-carbon energy will support the transition towards #netzero. This webinar offers a global and regional overview of energy systems over the next 10 years and beyond, highlighting trends in emissions, energy profiles, carbon intensities, and emerging low-carbon technologies. Register to join the discussion: https://ow.ly/cVr950TSHJu #ConnectedThinking #EnergyTransition #ClimateChange #Energy