Energy Digital Magazine October 2024 | Page 27

EXECUTIVE INSIGHT
history will look back on this . People will look back and say that this was the time when we started to act . This was the beginning of an era of action to address these issues . It ’ s very exciting and highly motivating , especially for those who are really passionate about this .
There are three trends that are driving change . Energy security first of all is really leading to and driving action . Secondly , the fundamental realignment between the public and the private sector comes into play . We ’ re now seeing this very close alignment between the public sector and the private sector , with the private sector showing leadership and the public sector enabling that . In the UK , the US and the Inflation Reduction Act in the European Union , legislation is creating a notion of stimulus and incentivising companies to act . That ’ s been a big trend , a game changer .
What is really radical and different is that the rest of the world now sees climate change as not as an economic risk but as an economic opportunity following the Paris Agreement . Now , countries are betting the future on innovation and technology in this space – they see this as the next Silicon Valley , as an opportunity for workforce development , for training to lead in innovation . We ’ re in a space race this decade on who ’ s going to lead the clean tech of the future . This is all fundamentally transforming the pace and the movement towards action . It ’ s a very exciting historic time to be in this space – we ’ re just trying to use every day and every moment to keep up with it .
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