PE Live: Energy transition is fuelling ‘economic paradigm shift’
A virtuous cycle of falling renewable energy costs means we are progressing into an era of increasing abundance
The energy transition is fundamentally changing the global economic paradigm, as the world moves from depletable hydrocarbon resources to cheap and practically inexhaustible renewable energy sources, Berkeley Research Group (BRG) experts told a PE Live webcast audience last week.
The US shale revolution effectively ended the era defined by limited low-cost energy supplies, and the ongoing renewables boom will extend and reinforce this in perpetuity in an era defined increasingly by abundance and, later, infinite supply, said Christopher Goncalves, managing director, energy & climate, BRG.
“Over the long term, an infinite supply of clean and free renewable energy—in the form of solar ra
Welcome to the PE Media Network
In 2021 Petroleum Economist is joined by Hydrogen Economist and Transition Economist to form the only genuinely comprehensive intelligence service covering the global energy industry
Want to read more?
Please choose from one of the following options: