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Decarbonization is essential for process industries through their access to capital, ‘license to operate’ compliance with proliferating environmental mandates. The optimum pathway changes substantially between the different transition scenarios and leads to divergent business strategies. Of these strategic options, doing nothing is the most costly and riskiest approach; options well suited to the evolution not revolution scenario face substantial tail-risks should the plausible disruption scenario come to pass.
The energy transition is the global and local energy system transformation from predominantly centralised, hydrocarbon sourced generation to decentralised, lower CO2 emission energy generation, transportation, storage and use. The energy transition is characterised by fast moving changes, technological developments and a high degree of uncertainty. KBC will outline the granular challenges and opportunities needed to thrive in this environment.
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