Abstract
Climate change, population growth, changing energy consumption patterns and the advent of feasible renewable energy sources has prompted governments worldwide to set targets for carbon emission reductions. The transition to a ‘near zero emissions’ industry and energy production presents significant opportunities but also caveats in relation to maintaining the balance of the ‘energy triangle’ aspects, namely economic, security and environmental. Various regions and countries find themselves in different economic, cultural and geopolitical situations which require customised approaches. Moreover, the transition is likely to take significant time, with disruptive technologies emerging in the meantime; therefore, a purely technical solution is unlikely to be viable in the long run. Hence, it would be helpful to complement the supportive, albeit high-level artefacts developed by various global organisations with strategic plans satisfying and abiding by principles that maximise the chances of success. Importantly, such strategic planning must follow a method that is transferable between geographical regions and their local maturity levels in respect to energy triangle viewpoints. This paper describes challenges and highlights of planning such a strategy, including guiding principles for the solution architecture and dynamic business models describing the possible structure and relations between an energy transition programme and its projects.
Highlights
A range of important factors such as climate change, population growth, changing energy consumption patterns and the emergence of feasible renewable energy sources has prompted governments worldwide to set targets for carbon emission reductions and energy efficiency and use of renewable energy
In view of past project failures stemming from the lack of adequate strategic guidance for the involved stakeholders, it would be helpful to build on- and complement the helpful, albeit high-level artefacts developed by the aforesaid global organisations with strategic plans that satisfy and abide by principles that maximise the chances of success in view of the expected extensive length of such transitions
It must be noted that such strategic planning must follow a method that is transferable between geographical regions and their maturity levels in respect to the local aspects of the ‘energy triangle’
Summary
A range of important factors such as climate change, population growth, changing energy consumption patterns and the emergence of feasible renewable energy sources has prompted governments worldwide to set targets for carbon emission reductions and energy efficiency and use of renewable energy The achievement of such targets presents significant opportunities and caveats in relation to maintaining the balance of the economic, security and environmental (Umbach’s ‘energy triangle’ [1]) aspects. The challenges ahead are beyond individual governments; while global climate agreements are defined and adhered to, various regions and countries exist in different economic, cultural and geopolitical situations which require customised approaches Global organisations such as the World Economic Forum (WEF) have worked towards enabling worldwide communication and readiness tools to guide local energy transition decision-making. It must be noted that such strategic planning must follow a method that is transferable between geographical regions and their maturity levels in respect to the local aspects of the ‘energy triangle’
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