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Political and physical barriers will make it difficult for US Democrats to turn proposals for a Green New Deal in to reality
The Green New Deal for the United States calls for 100% renewable or carbon-free electricity by 2030. The proposal faces not only massive political hurdles, but physical barriers too. Chief among them is America’s ancient and creaking transmission grid. Upgrading it is not an impossible task, but it does require citizens willing to accept new wires and investors confident they will make money. Texas found a way of achieving both, in the process becoming a global renewable energy leader
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Investor interest in offshore wind is picking up speed worldwide thanks to plummeting costs and technology improvements, says Miles Huq, Transactions Advisory Services Leader at EY Global Power & Utilities. He has advice to those looking to place their money in the sector, which has big potential to help countries meet energy transition goals
If you go into a transition you need a vision
Going carbon neutral is not easy for any company, but taking the decision to significantly reduce carbon emissions is the most difficult step, says Bjarne Sandager Nielsen, Vice President of Global Operations and Sourcing at LM Wind Power, now part of GE Renewable Energy
Significant investment is needed at the development and commercialisation stages
By focusing its attention on energy efficiency, the newly elected Danish politicians can show they are listening to the public’s call for climate action and put Denmark back on the map as a frontrunner in the energy transition, argues Mads Nipper, Group President and CEO of Grundfos, a Danish water and heat pump manufacturer
