Technological innovation combined with societal demand to decarbonise and to open monopolistic energy markets to competition has led to an unprecedented transformation of the energy sector. These catalysts have pushed governments around the world to set and agree to various carbon emissions reduction targets, many of which were supported by large subsidies for renewables, energy efficiencies and other technologies. As such, we have seen the rapid and large-scale buildout of renewables and other technologies across much of the world, sometimes with unintended consequences (see our White Paper “The Development And Integration Of Renewables: Lessons Learned From Germany”)
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This bulletin is part of a series that will be released to celebrate 20 years of Finadvice.