Energy and Sustainability

The global energy ecosystem is in the midst of a transformation on a scale and at a pace perhaps unseen in history, buffeted by discontinuities in every direction. Deep trends in the global economy, including industrialization in emerging markets, changing demographics, rising nationalism, and technological and social innovations affecting cost and efficiency are confounding past assumptions about the supply, demand and consumption of energy – and the supply of fuels and feedstocks that drive it. Technology disruptions have unlocked vast new sources of energy (e.g. renewables, shale gas, tight oil) while changing the contours of demand for that energy (e.g. advanced materials, light-weighting, electric vehicles).  

Geopolitical developments are changing production profiles across regions, sometimes at a rapid pace. Traditional arenas are being redrawn by government policy and international agreements, reflecting changing public priorities and increased public scrutiny.  The energy system sits on the cusp of a profound expansion of technologies.  Already, hydraulic fracturing and directional drilling have unlocked shale, and noteworthy advances in wind, solar, storage, geothermal, hydrogen and smart grid technologies are changing the power industry. 

But this may only be the beginning: economic development requirements globally have increased demand for energy; increasing societal commitment to the environment has intensified demand for low-carbon energy; and technologies to meet that demand are becoming increasingly economical.

Moreover, new technologies contributing to improvements in energy efficiency are decoupling energy consumption from economic growth. An unprecedented diversity of energy technologies may be poised for a breakthrough.

Vareo is proud to be part of the global effort to back carbon reduction and embrace sustainable energy.  The renewables sector is growing every year and is is driven by multi-nation carbon reduction commitments which are upheld by government incentives and acceleration schemes.