Many current trends that are likely to influence how the energy system will change in 2023, as governments attempt to overcome the clean technology obstacles to speed up the transition to a greener future.
In a recent policy brief titled “Energy Trends and Outlook to 2023: Surviving the Energy Crisis While Building a Greener Future,”experts predict that 2023 will be crucial for moving toward a meaningful energy transition while the energy crisis persists.
2022 saw a remarkable year for the acceleration of the energy transition, despite so many swirling winds, in part due to the energy crisis, with records for renewable energy capacity installations and electric vehicle (EV) sales in the world, according to the report published in “Policy Center for the New South” (PCNS) and led by Rim Berahab.
This is occurring in spite of a worldwide environment marked by rising energy and raw material costs, and a lack of necessary minerals, semiconductors, and other parts, explained the report.
One of the policy brief’s key points is an “Overview of trends likely to shape the energy landscape of 2023.”
It indicates that due to tight energy markets, energy consumption will see its second year of sluggish growth.
It should increase by 1.3% in 2023 as opposed to 2.2% in 2022, signaling a slowdown for the second year in a row following the 2021 rebound.
Extreme weather occurrences are putting pressure on energy infrastructures. Droughts, heat waves, and storms will happen more often, which will have a severe impact on the energy systems of many nations.
Hydrogen is now a priority due to the energy crisis.
This is especially true in Europe now that the REPOWEREU policy has been adopted, which intends to wean Europe off of Russian gas.
This provides new opportunities for developing nations with the ability to create green hydrogen, like Morocco, which already published its strategy for the technology in 2022.
The roadmap is centered on three major areas: technologies, investments and supply, and markets and demand.
Morocco in particular might fulfill up to 4% of this worldwide demand in 2030. It intends to export green hydrogen, primarily in the form of ammonia, to Europe.
Although most projects are still in the development stage rather than being built, hydrogen is still in its development.
Future renewable energy technologies depend significantly on the direction of energy regulations.
According to the report, numerous economies are attempting to combine their climate, industrial, and energy security policies in order to take advantage of the clean energy technologies’ still-untapped potential.
“In order to strengthen its transition in industries that are challenging to decarbonize, Morocco is continuing its efforts to reduce greenhouse gases and in 2021 unveiled its roadmap for developing green hydrogen. This roadmap aims to create an integrated economic and industrial sector around green molecules, specifically hydrogen, ammonia, and methanol,” said the report.
The thorough analysis delves into the key barriers to creating a greener future, including financing, nuclear energy, and more.
The Policy Center for the New South (PCNS) where it was published is a Moroccan think tank aiming to contribute to the improvement of economic and social public policies that challenge Morocco and the rest of Africa as integral parts of the global South.
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