Recently, Ronald Huisman, Professor of Sustainable Energy Finance at Erasmus School of Economics, was invited at a podcast by Triodos Investment Management to give his expertise on energy transition. As environmental issues rise, energy transition could be a solution to a large part of the problem.
Energy transition is well underway, driven by the electrification of key sectors such as transport, heating, and energy-intensive industries. This shift has spurred significant growth in wind and solar power generation alongside rising electricity consumption. While many EU countries have made impressive progress, underlying systemic challenges are becoming increasingly evident. These include delays in grid connections for new construction projects and the emergence of negative electricity prices during periods of peak renewable energy production. Could these early successes now risk destabilising the broader energy transition?
To make sure energy transition becomes more efficient, it is highly salient to approach it in a different way. To better facilitate the transition, we not only need a build-out of the grid, but also more energy storage capacity alongside smart supply and demand solutions, says Ronald Huisman: ‘we are losing momentum by focusing too much on the supply side. We are dealing with economic issues that economists need to solve.’
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You can listen to the full podcast from Triodos Investment Management, 10 December 2024, here.
