Looking forward to facilitating a panel of sector leaders addressing the role of markets in the energy transition at COP28 today. I am very grateful to be joined by Katherina Reiche, CEO of Westenergie; Jens Madrian, Managing Director of Energy at ENOWA, David Wright FREng, Chief Engineer at NationalGrid, and Alex Schoch, Global Head of Flexibility at Octopus Energy to provide a 360 degree perspective. As we move to more electric, more renewable energy system, we'll need to answer questions about: - the role of markets in motivating and directing investment in renewable generation, storage, firming and networks - how we manage increasing volatility and exposure to gas prices in our electricity markets - whether our markets are fit for purpose in a world of intermittent, zero marginal cost, and energy-constrained generation. If you are at COP, please join us at the Presidency Stage in the Knowledge Hub for what I hope will be an excellent conversation. #cop28uae #BCGonEnergy #BCGatCOP
The energy transition requires us to move to 70% of energy sourced from renewables by 2050 and more than 100 countries at COP28 have committed to a tripling of installed renewable capacity by 2030. This means our electricity systems and markets will play an increasing role in the overall energy system. But can electricity markets that were designed 20-30 years ago, do the heavy lifting in motivating so much investment, and avoid high and volatile prices along the way? Join Philip Hirschhorn, BCG Senior Partner and Fellow at the BCG Henderson Institute, and the panel of Katherina Reiche, Jens Madrian, David Wright FREng, and Alex Schoch to hear if- and how- power markets can enable the energy transition while containing price levels and volatility. The panel will take place on Dec. 5th, 12:30 pm GST at the #cop28 Green Zone Presidency Stage and is open to everyone with a green zone pass. Read more about the topic: https://lnkd.in/d6j64gqR #BCGatCOP #BCGonEnergy
