"Code red alert for humanity" ipcc Report 2021
"Code red alert for humanity"
ipcc Report 2021
Fighting Global Warming
In 2015, at the Paris Climate Change Conference, 195 world leaders pledged to try to limit global warming to below 1.5° C, in order to fight a clear and present danger to our humanity. Goldman Sachs research* expects a cumulative US$56 trillion of green infrastructure investments to this cause by 2050, reaching over 2% of the world’s GDP by 2032.
Power Generation and electrification is at the heart of this energy transformation, with Renewable Power supporting the reduction of 50% of the global CO2 emissions.
*Goldman Sachs Carbonomics 2021
Renewable Power Penetration
The defining factor of the energy industry as a whole and specifically of the electricity power market, for the last two decades and in the decades to come – has been the aggressive penetration of the Renewable Energy sources: 27% in average today and estimated to grow to 73%* by 2050.
Mega Challenge: Power Network Volatility
The inherent high volatility of renewable energy sources is causing severe systems instability in the markets which in turn puts the entire Green Revolution at a major risk.
Energy Deregulation
Energy deregulation is the fundamental restructuring of the existing energy market, and it seeks to prevent energy monopolies by increasing private market competition. This growing free-market movement allows energy users to choose from multiple energy providers based on rates that suit their needs and specialized product offerings.
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Deregulation Penetration
The global Deregulation wave led by key European countries and some US states, is now spreading out consistently into the other parts of the world.
US: Electricity is a mix of regulated and deregulated States (Texas, PJM)
Mexico ambitious energy reform agenda
Brazil competitive electricity market with current prices at record high
All EU countries have deregulated electricity and gas markets.
Russia: electricity has become a highly competitive with unpredictable regulation
Africa: Multiple regulators exist, Wholesale market competition only.
Australia: The national grid paved the way for energy deregulation, allowing competition across the country
China: Many self generation options and the creation of a carbon market
Japan, fully deregulated power market
*This map is for illustration purposes only.
Definitions of deregulated, reforming and developing vary from country to country.
Mega Challenge: Price Fluctuations
Effects of global weather on power trading: The volatility of the Renewable Power market, caused by Demand and Supply fluctuations, especially of renewable energy sources, is translated into extreme price fluctuations on the exchange trading platforms and eventually impacting consumers.
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The Opportunity
Meteo-Logic is riding the Energy industry’s most compelling mega trends, by leveraging global weather big-data with unique machine learning algorithms to build the world’s most advanced energy assets trading platform & provide stability and predictability to the entire ecosystem.
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