Innovating for our Survival: Part 1: Are We Spending Enough?
- Apr 28, 2023 5:30 pm GMT
This item is part of the Innovation in the Power Industry - May/June 2023 SPECIAL ISSUE, click here for more
Those who have spent any amount of time innovating inside the energy industry know how difficult the task can be. Like other industries, utilities face regulatory and risk mitigation pressures. Unlike other industries, utilities are a critical infrastructure provider that must meet the highest levels of system reliability and safety standards to deliver the highest societal benefits.
According to the Intergovernmental Panel on Climate Change’s (IPCC) Sixth Assessment Report (AR6), the number one cause of the climate crisis is carbon dioxide and for at least the last two million years, we are seeing unmatched concentrations of the gas. Experts from the World Resource Institute called the IPCC’s final installment the world’s “best available scientific assessment of climate change.” They also called the report “grim reading.”
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