Sustainable in a Circular World

Peggy's Vlog

The Energy Transition

04/06/2021

As economies and energy markets recover from the COVID-19 pandemic, we will see shifts in the energy system continue. In the coming decades, we will likely see a rapid acceleration of the energy transition, according to a report from McKinsey. Let’s take a closer look at what this might look like.

Here is what McKinsey is predicting. The energy intensity of the global GDP drops 40% by 2050 because of energy-efficiency gains coming from technological advancements and fuel switching. Case in point: EV (electric vehicle) passenger cars require three-to-four times less energy compared with conventional engines. Also, energy consumption per capita drops by 5% globally from 2019 to 2050. This is despite strong economic development that impacts billions of people during the same period.

This is something I highlight the importance of in my book Sustainable in a Circular World. Here is a sample.

As a society, we face many challenges to reduce poverty and protect the forests, natural resources and species, water, energy, climate, and the ocean.

Again, like anything else, simple math says if we are going to find our human potential in solving these global problems, we need to first acknowledge what is required of governments, businesses, and individuals in order to adequately address these objectives.

It’s more than saying we will do something. It’s about actually monitoring and measuring short and long-term economic results. The sustainability problems are heavily weighted, maximizing our potential on doing something that our innovators find rewarding.

I then go on to explain our pillars to success. If you are interested in learning more, check out the book. Now is the time to take a closer look at how to monitor and measure short and long-term economic results here. I think we might be surprised by what we find.

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