WEMO24-Compiled Report-Interactive compressed (002) 4154-7882-8116 v.1 - Flipbook - Page 124
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Not a day passes without news about physical or cyber
energy infrastructure attacks.
2. In response, sovereignty measures are being taken daily
by regions and countries to protect against geopolitical
tensions or market uncertainties.
3. In 2024, there are many national elections, the results of
which can impact the country’s energy transition strategies.
4. Key questions include:
Philippe Vié
Senior Advisor
Energy Transition and Utilities
Philippe has led the Capgemini Energy sector and
now serves as an advisor for Capgemini, as well
as large utilities or equipment suppliers. Philippe
has been observing the market for many years and
has sponsored the WEMO survey for more than a
decade.
•
What are the actual situations and threats on the
energy systems?
•
How are states and players managing these risks?
•
What are the consequences, notably on supply chain,
continuity of energy supply and energy prices?
•
How should we move forward fast enough to
decarbonate the planet with such uncertainties?
•
How do we achieve a fair and balanced path to
decarbonization while also achieving both sovereignty
and affordable energy prices?
Geopolitical events and uncertainties will impact the pace at
which we can decarbonize the energy system, as more money
is diverted to ensuring sovereignty and security of supply.
Introduction
The world needs certainty to build large energy assets.
Growing and decarbonizing energy systems to meet demand
means building large electricity assets, such as power plants,
energy storage systems, and energy infrastructures. Large
asset construction requires policies and regulation stability,
supply chain continuity, and the ability to secure private and
public funding, which annually requires trillions of dollars in
investments. Demand-side flexibility is also becoming critical as
use of intermittent renewable generation grows, which needs
positive consumer engagement enabled by governments.
However, the world is currently facing conflicts, such as Russia’s
invasion of Ukraine and the Israel-Hamas conflict, where energy
assets are frequently targeted. Additionally, tensions between
China and the USA are leading developed countries to implement
energy sovereignty measures, often using the U.S.’s Inflation
Reduction Act as a model.
Finally, elections taking place this year in many countries
highlight different black and green energy visions from the
candidates, which also leads to uncertainty.
WEMO 2024
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