cover image: Climate-Energy Futures: Stress Test Scenarios for Global Uncertainty

20.500.12592/7p22hp

Climate-Energy Futures: Stress Test Scenarios for Global Uncertainty

8 Aug 2023

Strategic foresight is an attempt to broaden This change triggers the decoupling of net-zero the “boundaries of perception” and expand the goals from the business case for a green transition awareness of emerging issues and situations.i This and further entrenches existing fossil fuel energy approach offers a range of extreme but plausible systems. [...] If the winter of 2023-24 proves severe, the popular reaction to the strains of sustained high oil/gas prices in Europe will influence the political willingness and investor appetite to increase supply and embed future emissions. [...] As the EU’s pivot the 2022 Inflation Reduction Act and the 2021 away from Russian piped and sea-bound energy Infrastructure Investment and Jobs Act are the continues, a persistent supply gap in energy has a primary support for climate mitigation, adaptation real but moderated effect on medium-term prices and early-stage funding for technological when compared to the Security First scenario, develo. [...] the quick pivot toward greener alternatives cuts non-renewables from the global energy mix, high- The green pivot and rapid uptake in clean energy cost producers are driven from the market, leaving adoption over the medium to long-term promises low-cost producers in OPEC+ with a relatively to curtail the impacts of severe environmental greater share of the remaining markets for crude events. [...] The Federal government corporate strategies under a wide distribution of released a plethora of incentives in the form of tax future scenarios to ensure resilience, and keep an credits, clean electricity grid, and the carbon tax to eye out for the early warning indicators that lead to spur the transition to a clean economy and counter these future conditions, as that becomes the signal vast subsid.
Pages
12
Published in
Canada

Tables

All