The threat of the climate crisis has led to the rise of young voices coming to the renewables industry with a different perspective. In this webinar you will have the chance to listen to and chat with the leaders of tomorrow about how they foresee the socio-political changes to come.
Thanks to great decreases in costs for solar and on/off-shore wind, it is now more profitable to install renewable energy sources than ever before. The electricity generation industry is responsible for more than a quarter of emissions, therefore it is urgent and possible to move to clean and low C02 energy sources. What is more, investors are more and more keen to fund clean energy projects, with banks such as the European Investment Bank; recently declaring their intention to lead the way forward.
However, the cultural and societal shift happening simultaneously must not be underestimated. Indeed, coal is in some parts of the world employing a significant part of the workforce. Energy and government are entangled and there is a lot of historical and social inertia. That is why it is hard pull away from this traditional industry and it takes so long to abide by international agreements.
Facing this dilemma, what are the barriers and possible solutions to organize a socially and economically fair phase-out of coal electricity-generation?
Interested in this topic? having some ideas to fuel the discussion? Join us for our interactive webinar! We analyze how policymakers, financial institutions and private companies can phase out coal as well as ensuring it is a just and fair transition to clean energy. The dicussion will be organised around the main barriers of coal phase-out:
- Political barriers I.e. The need for inclusive narratives including youth anger, fear of social backlash, difficulty of job re-skilling and historical inertia, technological disruption etc
- Financial barriers – making the business case for transitions and how to direct resources where it is most needed
- Technological barriers – understand what are the challenges at the grid level for energy storage and management of renewables compared with fossil fuels
- Institutional barriers – state policy that may block or slow down transitions
- Historical and cultural barriers and inertia of systems and structures – how to phase out the inertia that is hardest to see, and why it varies from country to country