As a management consultancy for the energy transition, our business is to have insight into the energy industry and its future evolution. Our insight comes from experience in the sector, an understanding of current and future energy challenges and an ability to take a fresh perspective on matters. This article explores the lessons that the energy industry can learn from the natural world.
In September 2014, the European Commission (EC) adopted a Zero-waste programme that became the legal framework for development of an EU-wide Circular Economy. The model assumes reuse of resources, minimisation of waste and encourages efficient use of the assets at our disposal. The Commission estimates that a Circular Economy can save EU businesses €600bn per year. Even though in December the EC confirmed it is scrapping plans to introduce the package and will launch a ‘broader and more ambitious’ waste package this year, the Circular Economy Business Model will still be at its core. With the major decommissioning challenge being faced by the North Sea oil and gas sector, does the Circular Economy provide a useful perspective for enhancing value and reducing waste in this major emerging sector?
Climate change, sustainability, and renewable energy are the backdrop to energy discussions for Millennials. Graduates seek positions in these areas, keen to translate their academic knowledge and passionate views into positive action. Today coal, oil, and gas still dominate the power needs of the developed world.
There is considerable misunderstanding about each of the three forces that shape the UK energy markets – the Energy Trilemma. This paper seeks to provide a balanced view of the evolving nature of this trilemma, and provide a view of the future.
Many social systems favour a short term approach. In government and in business, as well as in many other areas, if we are to address some of the most pressing challenges we face then we will need to adjust to taking the long term view.