Pathways to Net Zero in the Power Sector
Power & Renewables
Energy Transition/Climate & Sustainability
Thanks to technology advances, cost reductions, and climate policies, the power generation sector in Europe and North America has been a leader in reducing emissions. But fossil-fuel power generation is still growing in Asia. Will it be economic to replace coal with gas in Asia? And could carbon capture, use, and sequestration (CCUS) extend the life of fossil plants? Could digitization and carbon pricing allow step-function improvements in demand management and efficiency? Breakthroughs in battery storage have the potential to smooth the intermittency of wind and solar; and modernization and digitization would make the electric power grid more resilient. Does this mean that generating 100% of electrical power from renewables is realistic or desirable? Might smaller, safer, cheaper, and more socially acceptable reactors enable a “new nuclear” renaissance? And what role might hydrogen play in the long run?