Prosperous Net Zero

The most dramatic benefits of prosperity will be felt by the financially poorest. For those in cities it means better air quality, more convenient and attractive public transport, and, in the long-term, energy at reducing marginal cost.

Still more powerful will be the potentially transformative impact on the 940 million people who do not have access to electricity today (Ourworldindata, 2022); both from the reducing cost and, if not more importantly, the increasingly distributed and local ways of producing energy that low-cost renewables provide (e.g. solar, local wind farms, etc).

Opportunities:

Sharing prosperity requires continued investment in underlying technologies, and a commitment from governments to ensure energy infrastructure is invested in even as the unit economics of consumption, and incentives for companies to invest in distribution networks to those most in need, reduces in the long-term.

The transition to net zero holds great potential for businesses – my own included – to create greater engagement with their employees as ESG has become a ‘lightning rod’ of workforce energy. It also opens great potential – personally and commercially – for engaging in exciting new collaborations as sectors converge (e.g. transport & energy) and capabilities need conjoining.

-By Callum White from Bishop’s Stortford, UK