The Energy Transition

Make your energy transition add up to more. From greener supply to leaner demand - delivering radical decarbonisation by scaling up renewables, building greener and operating smarter.

Thrive through transition

To win this race, every industry needs to do more – and use less. Delivering radical decarbonisation by scaling up renewables, building greener and operating leaner. By creating sustainable outcomes for people, planet and performance, we can help you target the change that matters to make the transition add up to more.

pwc energy intersections

Transforming energy demand

Energy system advances can help your organisation create value, become more sustainable and build resilience. Transform your energy demand to improve productivity and profit margins, reduce exposure to volatility and political events, and enhance the reputation of your business.

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An interplay of electrification and alternative fuels

Electric vehicles are a true megatrend for the 2020s, however to decarbonise by 2050, the world needs to embrace alternative fuels as well. Scalability and commercial viability will be key. Sustainable aviation fuel, hydrogen and biofuels will become an important power source of the future.

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A new design for life

Seventy percent of greenhouse gas emissions come from energy, industry and buildings combined so an unprecedented transformation of existing and future infrastructure assets will be needed to achieve net zero. We must radically reimagine how we plan, finance, build, operate and decommission renewable energy and power grid infrastructure projects, so that our energy future is greener, affordable and secure. There is no greater challenge.

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A new formula for success

For the chemicals sector to catch up in the great energy transition, it must make huge strides. Moving to green energy, clean feedstocks and circularity; collaborating with agriculture and manufacturing and tapping into the potential of new and substitute chemicals. Decarbonising hard-to-abate sectors is a complex formula – and vital to get right.

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Green is the new gold

This is mining’s moment. The sector must increase capacity to provide critical minerals for the energy transition, while reducing carbon emissions. The move to low-carbon mining and circularity is key. Costs can be controlled by relocating, reinvesting and realigning vital inputs. And only then can the greener minerals of tomorrow be born. Our climate depends on them.

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Discover content

Meet the Impact Innovators- in collaboration with the Economist

The success of the energy transition will be led by organisations that are bold enough to create ecosystem change. From Oslo to Mumbai, private organisations are taking decisive positions on climate action, proving that radical decarbonisation is possible across every industry. The transition to cleaner supply and leaner demand offers new avenues for innovation and value creation with substantial benefits to C-suites and society. Visit our sponsored content hub to learn more.

Catalysing the energy transition - in collaboration with the Economist

Professor Michael Pollitt on the Energy Transition

Prof. Michael Pollitt (Professor of Business Economics, Judge Business School, Cambridge University) on the market design systems required to meet net zero goals and the key uncertainties that remain for a global energy transition.

Question [00:00:03]

“How do you see the energy transition in a broader economic context? Do we have the market design system in place to achieve net zero goals?”

Prof. Michael Pollitt [00:00:09]

The energy transition is about pricing the carbon externality, and that's about raising the price of carbon in the global economy in order to reduce the externality. So that is, you know, the fundamental economic problem that we need to deal with.

Question [00:00:27]

“Where do you see Europe, the US, Africa and Asia on the energy transition runway? What are some interdependencies?”

Prof. Michael Pollitt [00:00:34]

I think that Europe is clearly ahead in terms of making progress with the energy transition, both in terms of the setting of targets and getting those into legislation, but also in terms of policies being put in place that would actually deliver net zero.

Then I think other places are at various stages. I think the US is beginning to do things at the federal level, in addition to the things it's already been doing at the state level in some states, where essentially California and New York, New England have got European style energy and climate targets, and then other places, you know, can be brought along as part of the energy supply chain.

I think China remains a very hopeful location for the world, both in terms of delivering low carbon energy equipment, but also eventually implementing low carbon policies.

Question [00:01:31]

“Do you think there are any key uncertainties that remain in the energy transition agenda and the move to net zero?”

Prof. Michael Pollitt [00:01:36]

We're getting to the point where energy transition is going to be expensive.

We've been doing the easy things so far, which are the decarbonisation of the power sector with wind and solar. Once we begin to move on to heating and transport, things get significantly more difficult.

I think transport, there are good signs in terms of battery technology in the emergence of electric vehicles, but you know, still that's posing problems in terms of supply chains and the delivery of the quantity of vehicles that we might need.

And in heating, we're only just beginning to grapple with the political costs of a heat transition, which are gonna create very different costs for individual households depending on which heating technology they've got the possibility to adopt.

10/01/24

Professor Michael Pollitt on the Energy Transition

The hydrogen calculator: Is the switch to hydrogen worth it?

Hydrogen may be crucial in the successful implementation of a net-zero strategy. Rapidly determine if the switch to hydrogen is worth it and build a first business case analysis. The online calculator enables you to quickly assess your application-specific hydrogen requirements and related electricity requirements
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Our presence

11-22 November 2024 | Baku, Azerbaijan

Azerbaijan will welcome leaders from across the globe to advance conversations around climate goals. PwC will be participating in the discussions on the ground. Check back here regularly to see the latest updates as the event draws nearer.

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Jeroen van Hoof

Energy, Utilities and Resources Leader, Partner, PwC Netherlands

Tel: +316 5160 9178

Folker Trepte

Energy, Utilities and Resources Leader, PwC Germany

Tel: +49 89 5790 5530

Jon Chadwick

Energy Transition, Partner, PwC Australia

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The Energy Transition

Thrive through transition

pwc energy intersections

Our focus | Your priority

Transforming energy demand

An interplay of electrification and alternative fuels

A new design for life

A new formula for success

Green is the new gold

Discover content

Meet the Impact Innovators- in collaboration with the Economist

Professor Michael Pollitt on the Energy Transition

Professor Michael Pollitt on the Energy Transition

The hydrogen calculator: Is the switch to hydrogen worth it?

Our presence

11-22 November 2024 | Baku, Azerbaijan

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