Suggestions
Carl Penfold
Head of Clean Energy at AVA Energy
Carl Penfold is an accomplished professional with a specialization in building and expanding recruitment teams, along with ongoing staff development and training.
His expertise includes executing critical search and contingent campaigns in the EMEA region and internationally, emphasizing the value of long-term relationships, honesty, and delivering on promises for the benefit of both candidates and clients.
Carl Penfold holds a Bachelor of Arts (B.A.) in Politics & International Relations from The Nottingham Trent University.
He has held key positions in various organizations including Head of Clean Energy at AVA Energy, Manager at Spencer Ogden, Mentor at Prince's Trust International, Head of Permanent Recruitment at Trilogy International, Director at Twenty Recruitment Group, and roles at Hydrogen Group in Team Management and Consultancy within the Oil & Gas sector.
Highlights
The world is at a crucial point in its transition from fossil fuels, with significant gaps in deploying necessary decarbonisation technologies like renewable energy, EVs, and carbon capture - and a significant proportion of announced projects having not yet reached the final investment decision (FID) stage.
Despite progress, many of these projects are behind targets due to issues such as weak economic returns, immature technologies, and supply chain challenges to name a few.
Without accelerated action, including policy shifts and investment, achieving 2030 and 2050 climate goals is at risk. Collaboration and strategic adjustments are essential to closing these gaps and meeting climate commitments.
The below from McKinsey & Company provides a great summary of where we are and the challenges ahead and well worth a read.
Interesting piece from S&P Global, on the potential impact of the 2024 US election on the US energy transition.
Whilst the result is not certain, the upcoming US elections, will significantly impact the energy transition's direction.
Dependent on the result, we could see it impact the IRA with Trump and conservative groups opposing and calling for its repeal... though full repeal is unlikely due to bipartisan investments.
Offshore wind and electric vehicle policies are also at risk if Trump is re-elected, as he may halt new projects and reverse Biden's EV policies.
Whilst carbon capture and hydrogen projects face less risk due to bipartisan support and their compatibility with the oil and gas industry.
Regardless of the direction, there is clear intent and capital committed to the energy transition with a desire to invest, albeit it seems a large pool of investors are naturally waiting for the result before deploying.
#uselection2024 #energytransition #impact
