Energy Transition Handbook - Flipbook - Page 5
Energy Transition Handbook 2021
5
Introduction
Energy transition describes the global shift in energy production and consumption away
from fossil fuels, including oil, natural gas and coal, towards meeting global energy
demand through a smart energy system producing a sustainable level of greenhouse
gas emissions.
Energy transition is multi-faceted but can
be characterized by:
•
the need to meet increasing global demand
for energy with reduced emissions
•
a movement away from coal in
power generation
•
a gradual reduction in oil as the primary
fuel for transport
•
a desire to reduce the role of coal
and hydrocarbons in high energy
industrial processes
•
a need to move away from solid fuels
for domestic cooking and heating in
emerging markets
•
the increasingly widespread deployment
of renewables
•
a move towards natural gas and LNG as a
lower carbon or transitional solution
•
an increase in the value of generation and
demand flexibility
Alex Harrison
Head of Power, Renewables and Energy Transition
Partner, London
T +44 20 7296 5853
alex.harrison@hoganlovells.com
•
the emergence of energy and battery
storage in the tool-kit to counter-balance
the intermittency of renewables and
“time shift” energy
•
a desire to decarbonise gas and gas networks
and to electrify heat
•
increased use of nuclear power in some
countries and a move away from it in others
•
the transition from internal combustion
engines to biofuel, electric and
hydrogen transport
•
a shift from large centralised to smaller more
numerous decentralised energy solutions with
increased electrification leading to a three-fold
increase in the global power grid by 2050
•
significant advances in energy efficiency
•
the use of data, technology and automation to
better understand and optimise generation,
demand and asset performance
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