An extract from the article, by Matt Brown and Ravi Mahendra, originally published at Power Engineering International :

It's 2019 - that's nearly 2020! It doesn't seem long ago that the EU was setting what seemed like fairly radical targets for 2020; for decarbonization, for renewable energy use and for energy efficiency.

However, time runs fast and looking back, it was 12 years ago in 2007. Despite the good work by EU member states, concerns over climate change are growing and the expectation is these concerns will grow faster in the coming year.

Now we often talk of the three Ds of energy; decarbonization, decentralization and digitalization (sometimes a couple more Ds are added for good measure; deregulation and democratization). Do these three Ds have the same imperative?

Decarbonization of the power sector still seems fairly clear - the options haven't changed so much; energy efficiency, renewables, nuclear and CCS. Although, the costs and policies have changed enormously over time and renewables have made great advances.

For 2019 we can expect to see further advances and more geographies around the world in which renewables can out-compete traditional forms of generation and face the market more and more. This means renewables developers and investors getting comfortable with more market and less regulatory risk...

Read the full article at Power Engineering International.

Contact:

Matt Brown
Head of Western Europe, Middle East and Americas, Pöyry Management Consulting
matt.brown@poyry.com

Ravi Mahendra
Analyst, Pöyry Management Consulting
ravi.mahendra@poyry.com

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Pöyry Oyj published this content on 14 January 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 14 January 2019 17:03:02 UTC