It is important to re-iterate that the climate emergency is happening right now.
The market alone is unlikely to deliver the necessary speed and scale of decarbonisation in these sectors.Mandates (‘sticks’), like those seen for SAF, and incentivisation (‘carrots’), such as carbon sequestration payments, are essential for stimulating investment and progress.. 5.
Re-evaluating Global Supply Chains for Carbon Footprint:.The discussion highlights the impact of deep globalisation, where manufacturing has been exported, potentially shifting emissions rather than reducing them.A drive towards onshoring of industries presents an opportunity to build new, lower-carbon facilities domestically.. Watch Navigating the Energy Debate: Challenges and Solutions with Martin Wood, Adrian La Porta and John Dyson.Click the 'play button' above to watch the episode, or read our 5 Key Takeaways from this episode below.... 1.
Addressing the Global Demand for Dispatchable Clean Energy:.The podcast highlights the critical and growing need for energy sources that are not only clean but also dispatchable – meaning they can be turned on or off, or ramped up and down, to meet real-time demand, a key challenge for grid stability in the energy transition.. 2.
Innovations in Advanced Nuclear Technology:.
The episode unpacks the significant advancements within the advanced nuclear sector, particularly focusing on innovations like enhanced passive safety features and the development of modular reactor designs that offer greater flexibility and scalability for future energy grids.. 3.One of the greatest challenges we have is finance, because there’s still a lot of prejudice against nuclear power in the finance market.
The World Bank, for example, won’t finance nuclear projects.In addition, despite the fact that all of the science repeatedly tells us that nuclear is the lowest carbon, clean energy source available, the European sustainable finance taxonomy has remained in a state of consideration for years about whether nuclear energy actually qualifies as green..
Still, despite the challenges ahead, it’s clear to see that the tide is turning and, of course, urgency related to the climate crisis will only continue to increase.We must be ready to act and put the right strategies into place globally: licensing, siting, public acceptability, supply chain strategies etc.