EXECUTIVE INSIGHT
Q . HOW DOES GE VERNOVA ENVISION THE ROLE OF ELECTRIFICATION IN ACCELERATING THE TRANSITION TO NET ZERO OPERATIONS ?
» Electrification is really becoming the driver and the catalyst for investments and decarbonisation . For decades we ’ ve been debating whether we need to take action for climate change , but the level of investment hasn ’ t really lined up to the sense of urgency and the weightiness of the issue .
What ’ s happening now is there ’ s a strong momentum towards investment electrification for a lot of reasons – energy security , national security , growing demand , data centres , more manufacturing and the notion of sustainable economic development . There seems to be more alignment towards making big scale investments in electrification .
What our report shows is the more you electrify , the more you decarbonise , the more you put new electrification equipment on the grid , the more you ’ re lowering the carbon intensity of the grid . This electrification imperative is really yielding benefits for decarbonisation and I think that ’ s really good news . It ’ s great to be doing two things at the same time and achieving two goals – and it doesn ’ t really matter how you get there . The point is you ’ re now finally making the progress that ’ s been long overdue and needed for the climate change side . It has been a game changer .
We ’ re in an unprecedented era of taking action and electrification is yielding very significant benefits for climate change .
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