Energy transitions throughout history have ushered in times of dramatic change. Every day another series of breakthroughs can be found in the media. This astounding level of innovation speaks to the reality of an energy transition that is at the leading edge of a shift from our current era to the next. It also highlights the role that catalysts play in creating the future. In the energy context, the situation in Ukraine is a catalyst that likely accelerates the transition. For example, Denmark wants to build what it calls ‘Energy Islands’ to free Europe from using Russian fuel. This article describes how these islands were part of Denmark’s transition towards renewable energy, but tensions with Russia (catalyst) both expanded and accelerated their vision.Continue reading
Energy transitions throughout history have ushered in times of dramatic change. While energy may be the biggest piece of this emerging story, it is part of a bigger narrative in what increasingly looks like a phase transition. That notion of dramatic change is echoed by several prominent sources. For example, Alec Ross in his recent book The Raging 2020s speaks of a world that resembles the 1930s, a growing sentiment that maps to my research on the period beginning in 1920.
As the visual below illustrates, that 1930 date aligns with the energy transition. That period began the long transition towards our current fossil fuel era – representing a major transitory period for the world. This recent article reflects on the history of energy transitions and the drastic change in our sources of energy over the last 200 years.Continue reading
According to this recent article, there is a surge in environmental, social, and corporate governance (ESG) investing, which is attracting record amounts of capital and bringing shareholder activism to the forefront. In contrast to the first wave of climate investing, this second wave will benefit from a more established ecosystem. In 2021, global venture capital funding for clean technology hit $43 billion, which was more than double the $20 billion invested in 2020. Experts believe that the trend is just getting started.Continue reading