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Protected: ‘2024: The year of less is more for transforming retailers’

Smart Energy International · Kaluza · last updated

‘2024: The year of less is more for transforming retailers’

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Grid readiness is the biggest single threat to realising net zero in the power sector, TAQA and Bloomberg report in a new study.

Tennessee Tech University is leading a three-year project across Appalachia to develop smart grid modelling and testing services.

It’s estimated that private cellular networks for utilities will account for nearly $2 billion in cumulative infrastructure spending between 2023 and 2026.

ESS Technology is to demonstrate its system at the US Army Corps of Engineers’ Contingency Base Integration Training Evaluation Centre in Missouri.

Related Knowledge Center: Climate economics

State of Play

Climate change is now a driver of the world’s economy. The impact is profound:

  • Catastrophic weather events — hurricanes, floods, droughts, high temperatures — are more frequent and more extreme. The cost can be measured in both the initial damage caused and the longer-term impact on the economy.
  • Vulnerable communities are increasing climate-related investments, hardening infrastructure and taking other protective measures.
  • Investment in carbon capture and storage technologies is increasingly rapidly.
  • Governments are making investments and crafting regulations to reduce emissions of carbon dioxide and other greenhouse gases. 

On top of all of this is the cost of uncertainty. As the Fourth National Climate Assessment, released in 2018 by the U.S. Global Change Research Program, says, “The assumption that current and future climate conditions will resemble the recent past is no longer valid.”

More informationabout Climate economics