The power sector is facing an unprecedented challenge to reduce its carbon emissions while keeping energy costs low and reliable.
This shift in structure and economics has been driven by deregulation, new market entrants, operating costs, and political pressure to adopt more renewable sources of energy.
We must take urgent action if we are going to combat the impacts of climate change. The power sector needs to transition away from traditional power generation towards cleaner forms of energy. This requires significant investment in technologies that can produce reliable and cost-effective electricity from renewable sources such as solar, wind, and hydropower.