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What if more convergence could accelerate the energy transition?

By District Energy posted 05-07-2020 10:50

  

Smart Energy International

Summary

Convergence has already changed the face of energy in Europe – and yet it could do so much more.

Convergence of companies, policy, financing and sectors should breed collaboration and that in turn could create the business models needed for a 21st century energy sector.

So is more convergence the way to fulfil the full potential of the energy transition? If so, how do we speed it up? Indeed, can we accelerate it with the speed that is needed for a just transition to hit decarbonisation targets and end energy poverty? Because one thing is certain – time is running out to address the climate crisis.

“Achieving climate neutrality by 2050 will require policymakers, industry, the energy and finance sectors to all jump into the same boat,” says Marco Pezzaglia, President of COGEN Europe, the European advocacy group based in Belgium that promotes cogeneration.

“All stakeholders will need to engage in profound discussions and align their strategies to implement the solutions needed to build a sustainable energy system. The cogeneration sector is committed to this stakeholder process. We believe we can only realise a sustainable and affordable energy transition if we combine the right technologies and solutions.”

Pezzaglia says the focus “should be on more renewables, efficiency and flexibility to foster resilience and cost-effectiveness”.

“By combining heat and power, we can maximise efficiency and flexibility for an increasingly integrated energy system on the pathway to carbon neutrality. The cogeneration sector promotes these benefits towards policy makers, industry and the financial sector.

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