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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.
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.
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.
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