Understanding the Complexity of the Energy Transition
A common oversimplification of the energy transition marks completion once all consumption sources using fossil fuels are replaced with renewables. This, however, ignores the multi-dimensional shift that encompasses economic structures, technological development, policy frameworks, and social dynamics. Essentially, more than just a transition, a fundamental transformation of global systems is required. Understanding these interconnected challenges is essential for navigating the path to a sustainable future.
Systemic Challenges
Economic Transformation
Key Dimensions
Critical Challenges
Stranded asset risks
Massive capital reallocation required
Investment redirection
Balancing short-term costs with long-term benefits