Published on May 15th, 2015 | by St Peter's College0
Rex J Lipman Fellows Program: The rise of renewable energy and the transformation of the world’s energy systems
Seb Henbest (FRR ’97), Head of Europe, Middle East and Africa, Bloomberg New Energy Finance
Date: Wednesday 27 May 2015
Time: 7pm – Please be seated by 6.50pm
Where: St Peter’s College – Memorial Hall
Entry is by gold coin donation, all monies raised donated to charity.
Click here to book
“Our goal is to completely transform the entire energy infrastructure of the world” – Elon Musk, CEO Tesla Motors, 1 May 2015
We are living through a dramatic change in the way energy is produced, delivered and consumed.
The cost of renewable energy has fallen so rapidly that wind power is now the cheapest way to produce electricity in many countries, solar on rooftops is growing at an exponential rate, and battery technology is offering power storage and transport options that were science fiction a decade ago.
In advanced economies, energy consumption appears to be decoupling from economic growth. This, together with the growth in wind and solar, is making it increasingly difficult for power markets to balance supply with demand, and putting unprecedented pressure on the decades-old business models of the big energy utilities.
Carbon prices are now in force at a regional or national level in all the world’s major economies; over 180 institutions have pledged to shift more than $50 billion of investment from fossil fuels in the fastest ever global divestment campaign; and in January, the price of a barrel of oil dropped below $50 for the first time in six years, as coal continued its multi-year decline.
In this wide ranging talk, St Peter’s College Old Scholar Seb Henbest (FRR ’97) – Head of Europe, Middle East and Africa for energy research firm Bloomberg New Energy Finance – will move between economics, policy, finance, and technology to tell the story of the global energy transformation and consider what it means for Australia.