Accelerated Energy Transition
We were wondering: how much will the energy transition actually cost?
...and, what if we move faster?
Preliminary conclusions:
Moving faster saves money - it is simply cheaper than dragging our feet
Clearly, moving faster means less CO2 in the atmosphere
Savings in fuel and emissions costs are in the order of 2 weeks’ worth of Global GDP, each year again
Cost of writing off the entire existing fossil-fuelled asset base: 1 to 2 weeks’ worth of Global GDP
Total cost of transitioning to a fully renewable electricity sector, including replacing fossil-fuelled generation by renewables and strengthening the electricity grid: 5 months’ worth of Global GDP
Cost of satisfying increasing electricity demand: equivalent to some 50-60% of the price level paid by small businesses in Europe for electricity (excluding taxes) in 2019-2020.
We’re looking for inputs to improve our estimates…Interested in sharing your ideas?
We are…
Simon Brod
A veteran of the energy industry, Simon has 25 years in planning, commodity trading, commercial negotiations, investment analysis, strategy, and digital innovation. He believes the transition to clean energy can be accomplished quickly with existing technologies, benefitting both people and planet. Through his company Circulus Works he helps businesses become more sustainable.
Paul Hauptmeijer
Track record in general management, business development and innovation. Worked with large multinationals like Caterpillar and Vattenfall, as well as with smart energy start-ups like FlexiDAO. Built experience in sustainable energy and online platforms. Currently working as the director for development and innovation with a clean energy start-up. Paul likes exploring and helps businesses navigate uncharted territories and grow.