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The Energy Transition – Two Parts to the Problem

Posted on December 12, 2019March 17, 2020

I recently read an article published by Energy Voice that provides coverage of the One Young World Summit 2019, held in London this October. Speakers Spencer Dale and Bob Dudley (BP) made some valid points, some of which brought to mind the commentary by Hamish Wilson at the start of the summer. The key points I took from the article(s) were:

• Looking for somebody to blame is not a solution – for generations, there have been energy producers and users.

• People in Europe are understandably concerned – we need to adapt the type of energy we use.

• People in less developed countries are perhaps more concerned about energy supply – we cannot forgo them the right to develop as we have done.

• As the world transitions, all forms of energy (oil, gas, wind, solar and biofuels, plus electrification) will continue to be required – the mix will change.

• To make this happen, governments also need to step up.

At MFDevCo, we recognise that some countries and economies have the ability to react and decarbonise faster than others. We are working on ways to decarbonise gas fired power generation and believe that Gas2Wire is an effective means of doing this, particularly when it can be combined with onsite CCS. It can be used to offset solid and liquid fired power generation, cut flaring and provide security of supply alongside renewables.

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