Challenges in the Energy Transition

The transition to clean energy faces several challenges that may impact its progression. One significant challenge is the potential increase in energy costs, particularly for more vulnerable populations and the resilience required for a fully clean energy system, which can be more costly than anticipated. Another challenge lies in the need for extensive grid expansion to accommodate the growth of clean energy sources, with estimates suggesting a doubling of current grid sizes and investments of trillions of dollars required. Additionally, the capital-intensive nature of clean energy technologies poses a barrier in the developing world where higher capital costs impact the affordability and accessibility of clean energy solutions.