IPG CEO Toby Gill features among leaders from Chatham House and Braemar Energy Ventures, among others, to share his hopes and predictions for COP27 with Energy Monitor.
Read Toby's comment in full, below.
"Challenges to energy security over the past year have consistently stalled our climate ambitions. Concerns over power outages and spikes in energy costs, caused by the Russia/Ukraine war and ensuing energy crisis, have forced businesses to turn to behind-the-meter solutions such as the diesel generator to guarantee access to affordable power. 27% of surveyed manufacturers have been forced to look to onsite generation as a result of soaring fuel prices, and there are reports of UK farmers in the same predicament.
"I’m hopeful that COP27 will conclude with a renewed commitment to expanding renewable capacity, as this is the most significant step we can take towards decarbonising our energy system, helping to lower energy costs and reduce overall reliance on fossil fuels over the long term.
"However, wind and solar alone can’t decarbonise all aspects of our energy system. Given that businesses are increasingly forced to turn to distributed power solutions such as diesel generators to guarantee access to power, I’d like to see a stronger emphasis on finding clean solutions, such as battery storage and fuel-agnostic generators, to displace these polluting powerhouses and support a system-wide transition."
Read the full article, including insights from experts from Chatham House, Carbon Market Watch, Braemar Energy Ventures, E3G and Akin Gump Strauss Hauer and Feld, on Energy Monitor.