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The economics of energy transition

The first truly global energy crisis was exacerbated by Russia’s invasion of Ukraine. Despite our obvious dependence on fossil fuels, increasingly large investments continue to be made in renewables. International experts from the sector used the “Outlook 2023: Clean Energy Forum” to explain how this transition economy will unfold and to identify the obstacles which lie ahead.

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Energy Transition

The urgent need to digitalise energy

The new technologies involved with digitalisation allow for improving the efficiency and managing the complexity of the energy system, all the way from infrastructure planning, operation and maintenance, through energy generation and transmission, to energy consumption.

Energy Transition

Companies and sustainability as a competitive factor

With consumer choices increasingly focused on the environment and sustainability, the companies which will survive and thrive going forward are those which manage to grow and differentiate themselves in line with the fundamental environmental, social and governance principles, called the ESG index.

Energy Transition

From fossil sources to renewables

Energy transition can’t be achieved by just suddenly pulling out of using fossil fuels. Market players and analysts argue that it must be a gradual process of elimination, guaranteeing that energy grids remain stable, resilient and efficient.

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