Episode
79

2023 Energy and Carbon Trends

April 5, 2023
|
Duration:
1293839
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In This Episode:

Join David Arkell, John Pooley, and Lysandra Naom on an episode about 2023 Energy and Carbon Trends. This episode features what we think will be the biggest energy and carbon trends, what we are looking forward to in the energy and carbon space, and more. Check out our 360 Carbon Excellence Program.

Highlights

  • Energy Price Fluctuations: Energy prices, especially for natural gas, experienced significant drops in early 2023, reducing consumer urgency for energy transition efforts. This price volatility affects consumer interest in sustainable practices.
  • Global Energy Security: The ongoing conflict in Ukraine continues to impact global energy markets, especially in Europe, where energy security remains a pressing issue. Supply stability and independence from foreign energy sources are key concerns.
  • Pushback on Net Zero: There's growing skepticism around Net Zero targets, partly due to economic pressures and the declining cost of conventional energy. The team notes some political resistance to strict decarbonization goals.
  • Manufacturing and Supply Chains: The shift to onshore manufacturing, due to geopolitical tensions, is causing discussions around North American production. This trend brings challenges, including the need for skilled labor and innovative solutions to meet local production demands.
  • Electric Vehicles and Infrastructure: The team expects increasing focus on electric vehicles (EVs) and the necessary infrastructure to support them, particularly as traditional automakers expand their EV offerings.

    • Key Insights

  • Resilience and Energy Independence: The need for energy security, especially given European dependency on foreign oil and gas, is prompting countries to reconsider their energy sources and accelerate renewable energy adoption.
  • Rising Demand for EV Infrastructure: As EV adoption grows, questions around charging infrastructure and affordability for consumers emerge, emphasizing the importance of equitable access to EV options.
  • Challenges in Sustainable Manufacturing: As companies bring manufacturing closer to home, they face obstacles such as labor shortages, potentially driving innovation in automation and efficiency.
  • Significance of Energy Efficiency: Although often overlooked, energy efficiency is a critical element for reducing emissions and is increasingly recognized for its cost-saving potential, despite lacking the “headline appeal” of new technology.
  • Data Transparency and Accountability: With financial sectors involved in carbon tracking, there is a push to quantify and report the impact of climate change on business costs and revenue, enhancing accountability in the carbon transition.
    • Share this story
    Energy Markets
    Natural Gas
    Net Zero
    Renewable Energy
    Energy Transition
    Energy Security
    Energy Efficiency
    Climate Change
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