Energy security and the cost of doing business. This is an opportunity to seize the moment and pivot to renewables to create a more sustainable future. The world has for too long relied on fossil fuels for its energy source. We are seeing mild winter weather in Europe, far hotter summers and extremes of weather in other parts of the world. Reliance on external fossil fuel energy sources, for example on external actors or on regular changes in policy, is proving costly, and destabilising.
There is also a huge opportunity in a transition to Net Zero. McKinsey states in a 2021 report that ‘supplying the goods and services to enable the global net-zero transition could be worth £1 trillion to UK businesses by 2030.’