The energy transition
What do we mean by the energy transition? Why is it so important in combating climate change? What can help to accelerate it? And what role does electrification play in this process? Here’s everything that needs to be known about the most important challenge of this century.
Climate change
Climate change: causes, effects and remedies
Why are we so concerned about climate change? What caused it and what risks do we face? The causes of the greenhouse effect caused by human activities and the commitments made to reverse the trend.
≈ 1.55°
The increase in temperature in 2024 with respect to pre-industrial levels
≥ 1.5°
The likely global average temperature (increase with respect to pre-industrial levels) between 2025 and 2029 without new interventions
97%
Percentage of scientists who attribute global warming to human activities
Actions in favor of the energy transition
We’re talking about a genuine paradigm shift. On the one hand, it requires the replacement of fossil fuels with renewable sources and, on the other, the development of new technologies such as storage and hydrogen, the electrification of certain sectors, and digitalization.
The development of renewable energy lies at the heart of the energy transition. In recent years, photovoltaics and wind power have joined mature technologies such as hydroelectric and geothermal power and have established themselves as the major players in the ongoing transition.
This is a decisive shift focused on decarbonization, i.e., the gradual abandonment of fossil fuels and, therefore, the decommissioning of coal-fired power plants.
The development of new sectors, such as marine energy and green hydrogen, could also contribute to the transition in the near future, while storage technologies, i.e., energy storage systems that are capable of compensating for the intermittency of sources such as the Sun and wind, will be decisive.
The electrification of consumption and certain sectors, as well as the digitalization of industrial processes and grids, are also contributing to improving energy efficiency and completing the energy transition process.
01
Renewables
Renewables for the energy transition
Rapidly growing renewable technologies are the backbone of the energy transition: thanks to continuous innovation, they are becoming increasingly efficient and competitive. And there are new opportunities on the horizon.
02
Electrification
Let's electrify the world
We are in the decade of electrification: electricity from renewable sources is the key energy carrier for promoting the energy transition toward decarbonization.
03
Decarbonization
Decarbonization: how to transition from fossil fuels to renewables
If the end goal of the energy transition is the switch to renewable sources, then in the short term the abandonment of coal must still guarantee the stability and resilience of the grids. And natural gas has a key role to play.
04
Digitalization
From power plants to grids: the digitalization of energy
Digital transformation is driving the transition of the entire energy supply chain, from the management of power generation plants to new services for consumers, via smart grids.
The benefits of the energy transition are primarily environmental, but they also have a positive impact on the economy, society, and people's well-being.
The transition to renewables must not generate new forms of poverty and inequality. Here's how we are working to ensure that decarbonization is a step forward for everyone.
Sustainability, environmental protection, and the fight against climate change: consumers are increasingly attentive to issues related to the future of the planet, especially the younger generations. And this has an impact on companies and investors.