Energy transition refers to the global shift from using fossil fuels and other non-renewable sources of energy to clean, renewable energy sources like wind, solar, hydropower, geothermal, and biomass. The goal of the energy transition is to reduce the environmental impact of energy production and consumption, as well as to increase energy security and affordability.
The energy transition is driven by a number of factors, including concerns over climate change, the depletion of non-renewable resources, and advances in technology that have made renewable energy sources more efficient and cost-effective. Governments, businesses, and individuals are all playing a role in the energy transition, through policies and regulations, investments in renewable energy infrastructure, and individual actions like adopting energy-efficient technologies and reducing energy consumption.
The ESG space is changing day by day, creating more uncertainty for decision makers
