Energy transitions
As the low-carbon energy transition takes hold, transition risk becomes a hot topic. Various uncertainties, mismatches, and potential obstacles emerge, threatening to delay the changeover. For example, in 2021, the U.K. had to restart coal-fired power plants due to low wind power. Two major transitions in electricity generation are underway. The cost of generating electricity with natural gas has dropped—and the costs of solar panels and energy storage have also dropped. Both are leading to new vistas in power generation. However, “over-investment in CCNG may affect the transition to renewables,” said Gautam Gowisankaram, professor of economics at Columbia University and […]
Tackling Two Problems
Climate change and loss of biodiversity are often treated separately – in science, policy, and even risk management. But as the scientists and policymakers began sharing thoughts on these global crises, “we saw we have a bunch of things in common, such as response options and interventions,” said Professor Pete Smith, Professor of Soils and Global Change, University of Aberdeen. “We need to consider climate change and biodiversity from the very outset of planning solutions.” On November 7, 2024, he was interviewed by Jo Paisley, President, GARP Risk Institute.The Global Association of Risk Professionals (GARP) provides a series of podcasts […]