Editorial
The buzz around renewable energy has never been louder. Over the past decade, renewable energy has grown impressively, with 2022 seeing double-digit deployment increases worldwide. But as we celebrate these milestones, we’re also eyeing a monumental challenge: achieving net zero emissions by 2050 with renewables making up 77% of the global energy supply.
To reach this goal, we need to triple our current renewable energy deployment by 2030, adding 1,200 gigawatts annually. The good news is, it’s a tall order, but not impossible. At the same time, there are too many barriers to reach this level of growth.
In this edition of This Week in Consulting, we examine how the energy transition is progressing worldwide despite challenges, focusing on how regulatory changes, such as the Inflation Reduction Act, and market forces are driving renewable investments.
We explore how companies are powering themselves and generating financial value through renewables. Additionally, we delve into the burgeoning renewable energy revolution in the Middle East, which is set to propel both global and regional climate initiatives.
We also look at China’s robust investment in renewable energy to tackle carbon emissions, closely examining its carbon neutrality goals by 2060.
Furthermore, we investigate the role of Contracts for Difference (CfDs) in incentivizing renewable energy investments. We explain their benefits, challenges, and expanding applications in clean energy projects and the global energy transition.
As we navigate this renewable energy revolution, we invite you to delve deeper and share your thoughts. How do you see the future of renewable energy? Leave your comments below. Let’s start the conversation.
Laurent THOMAS
Chairman Consulting Quest
This week’s must read
In this edition of This Week in Consulting, we examine how the energy transition is progressing worldwide despite challenges, focusing on how regulatory changes, such as the Inflation Reduction Act, and market forces are driving renewable investments.
PwC’s article explores how companies can boost financial value by managing energy demand. Strategies include efficiency upgrades, renewables installation, and participation in energy markets, highlighting potential savings and revenue opportunities in the low-carbon transition.
This week’s media
In this video by BCG, witness the burgeoning renewable energy revolution in the Middle East, poised to propel global and regional initiatives combating climate change. Explore the transformative potential shaping the future of energy sustainability in the region.
Thought Leadership
Daxue Consulting’s article discusses China’s robust investment in renewable energy to tackle carbon emissions. Despite challenges like coal consumption, China aims for carbon neutrality by 2060, emphasizing wind, solar, and hydropower development alongside policy support and technological innovation.
This article by FTI Consulting highlights the increasing use of Contracts for Difference (CfDs) to incentivize renewable energy investments, explaining their benefits, challenges, and expanding applications in clean energy projects, crucial for the global energy transition.
RSM’s article highlights ongoing progress in renewable energy amid challenges. Regulatory changes and market forces drive investment. The Inflation Reduction Act catalyzes renewables investment. To achieve net zero, renewables must become primary energy sources, supported by regulatory, financial, and technological advancements.
This KPMG article highlights renewable energy growth but notes that only 14% of energy is renewable. To reach 77% by 2050, deployment must triple by 2030. KPMG identifies key barriers and recommends solutions to overcome them in their report.
This week’s consulting news selection
Booz Allen Hamilton has announced that it has acquired PAR Government Systems Corporation, a wholly owned subsidiary of PAR Technology Corporation. The acquisition will combine PGSC’s edge technologies with Booz Allen’s deep mission expertise and digital battlespace solutions to accelerate and transform warfighter technology on the front lines.|
RSM, the leading provider of professional services to middle market businesses, hosted its annual conference in the Middle East and North Africa (MENA) with a focus on empowerment.|
Deloitte in the UK has promoted 81 people to partner. Of the new promotions, 27 (33%) are women, increasing the total number of Deloitte’s women partners to 412 (30% of partners).|
Ipsos, one of the largest market research companies in Canada and around the world, was pleased to announce the expansion of its Strategy3 marketing, innovation and strategy consulting practice to Canada.|
Laurent is the Chairman and Co-founder of Consulting Quest. Focused on greater value creation, and being thoroughly familiar with Consulting, Laurent has sourced and sold millions of dollars worth of Consulting over the course of his career. Prior to joining Consulting Quest, Laurent was Executive Vice President Oil and Gas at Solvay and Senior Partner Transformation at Oliver Wyman.
