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In The Next Industrial Revolution, Vincent Petit builds on his earlier work, The Age of Fire Is Over (2021), where he explored how key transformations in consumption patterns impact our energy system in ways that have been seldom envisioned. He further develops this work here, and traces how these transformations apply to our modern industrial system, the bedrock of our global economic development and wealth creation.Petit argues that the world is on the cusp of the next centennial transformation of our industrial system, driven by major technological enhancements, considerable opportunities for productivity step changes, but also significant resiliency and environmental challenges.Through a deep and unique exploration of the innovation landscape and global context in each major sector of industry, the author sheds light on the key changes that will transform not only every sector of activity, but also the way they interact with one another to produce nothing short of a complete redesign of our industrial system.The way such transformation will unfold will, however, depend on the complex entanglement of technological progress, policy, business transformations and cultural evolutions. Through different scenarios, the author highlights some of the key decisions that need to be made today, in order to make the most of this opportunity.
The heart of the contemporary argument on climate change and energy transition focuses on how energy supply should be decarbonized to mitigate greenhouse gas emissions.This book proposes an alternative approach.The Age of Fire Is Over: A New Approach to the Energy Transition finds that energy transitions are not driven by supply-side driven transformations but rather by evolutions in demand patterns.Exploring the potential of recently emerged key technologies, The Age of Fire Is Over argues that the so-called Energy Transition has not yet started. In the future, key technologies will significantly transform demand and provide services at a fraction of today's cost or offer new services not yet imagined. To a large extent, energy paradigm shifts are driven by such evolutions, largely inevitable and often unanticipated, because they provide societies with greater benefits: lower costs, more jobs, and rapid adaptation.This book closes with key novel recommendations for government institutions to accelerate the energy transition, which - instead of replicating an approach from the past - should focus on these demand transformations to both advance civilization and mitigate climate change.With Foreword by Jean-Pascal Tricoire, Schneider Electric Chief Executive Officer.
After decades of stability, power systems are currently undergoing a rapid transition - demand patterns are evolving, while supply sources are shifting to renewable energies at an accelerated pace. This book, written by an experienced energy professional, combines the various aspects of supply and demand developments to offer a unified perspective. It highlights the key changes that the world of electric utilities and power systems will face in the coming decade, as well as the major challenges that will emerge as a result. Supplemented by a wealth of global and local data, the book describes the major patterns that affect both supply and demand, and provides a quantified analysis of their impacts on power system grids and markets. Lastly, it explores the new technologies that can enable the success of these transformations.
Against the backdrop of rapid advances in the energy sector, this book provides a concise overview of the complex challenges in the energy paradigm today, which revolve around the seemingly unsolvable energy equation. The author, an experienced energy professional, combines the various aspects of the energy transition into a single perspective. While highlighting a number of salient problems, he also explores grounds for optimism that these challenges can and will be met. After establishing the historical context, the book presents an analysis of today's energy industry, different energy sources, countries and determinants of energy demand, supplementing all sections with a wealth of global and local data. It subsequently proposes measures to solve the energy equation and a roadmap for a sustainable future, based on more efficient energy use, cleaner energy production and advanced technologies.
Where is the world heading? What choices need to be made to help humanity to thrive? These questions are more acute than ever in a context of growing inequalities, populism, social disorder, environmental challenges, and global health threats.The Future of the Global Order explores the six fundamental transformations ahead that will define the future of the world in the next three decades. Each chapter provides a unique and fact-based analysis of the situation at hand, reviews underlying uncertainties, and studies their inter-dependencies. As a tool to trigger debate, the book provides possible evolutions in global activity with four baseline scenarios, grasping the key issues which will shape the global order to 2050.Essential reading for anyone interested in understanding the massive forces of global change at play and the key decisions facing the future of humanity and the world.
Against the backdrop of rapid advances in the energy sector, this book provides a concise overview of the complex challenges in the energy paradigm today, which revolve around the seemingly unsolvable energy equation. The author, an experienced energy professional, combines the various aspects of the energy transition into a single perspective. While highlighting a number of salient problems, he also explores grounds for optimism that these challenges can and will be met. After establishing the historical context, the book presents an analysis of today's energy industry, different energy sources, countries and determinants of energy demand, supplementing all sections with a wealth of global and local data. It subsequently proposes measures to solve the energy equation and a roadmap for a sustainable future, based on more efficient energy use, cleaner energy production and advanced technologies.
After decades of stability, power systems are currently undergoing a rapid transition - demand patterns are evolving, while supply sources are shifting to renewable energies at an accelerated pace. This book, written by an experienced energy professional, combines the various aspects of supply and demand developments to offer a unified perspective. It highlights the key changes that the world of electric utilities and power systems will face in the coming decade, as well as the major challenges that will emerge as a result. Supplemented by a wealth of global and local data, the book describes the major patterns that affect both supply and demand, and provides a quantified analysis of their impacts on power system grids and markets. Lastly, it explores the new technologies that can enable the success of these transformations.
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