• Program Utilities & Renewables Utilities & Renewables
  • Type Think20 (T20)
  • Date 02 June 2024
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Abstract

The global shift to sustainable energy demands a comprehensive policy approach for an equitable transition, ensuring energy security and addressing rising energy needs. The G7’s urgency to phase out unabated coal-based power plants globally requires crucial financing of their retirement through transition financing mechanisms similar to the Just Energy Transition Partnerships and Energy Transition Mechanism . At the same time, challenges persist with the reliability of solar and wind energy due to their intermittency. In addition, dependency on limited geographies supplying renewable energy technologies highlights vulnerabilities in critical mineral supply chains. The G7 faces complexity in ensuring global energy security amidst enhanced geopolitical risks. However, with the implementation of the proposed solutions, there is a potential for significant positive change. Energy demand growth due to population growth, improvements in energy access, electrification, new technologies, and income growth rises ever higher despite gains from energy efficiency. This policy brief proposes solutions, including financing the retirement of unabated coal-fired power plants, incentivizing local content-based energy technology manufacturing, diversifying technology providers, and increasing electricity trading by developing common principles for electricity trading to support G7’s goals and extending these benefits globally.

Authors

Jitendra Roychoudhury

Principal Fellow- Utilities & Renewables Jitendra Roychoudhury is a Principal Fellow in the Utilities and Renewables program. His ongoing research portfolio at KAPSARC covers various…

Jitendra Roychoudhury is a Principal Fellow in the Utilities and Renewables program. His ongoing research portfolio at KAPSARC covers various global and regional economic, energy, and geopolitical issues, policy developments, and the impact of such policies on international energy markets. Before joining KAPSARC, Jitendra was Director and Chief Consultant at HDR Salva, India. He has worked extensively as a commodity consultant within India’s energy and infrastructure sectors, advising on developing commodity market entry strategies. He has authored and contributed to numerous consulting studies on coal and coal policy in India, Indonesia, and China. Jitendra has a bachelor’s degree in Mechanical Engineering from the University of Pune, India, and a Post-Graduate Diploma in Business Management from Welingkar’s Institute of Management, Mumbai.

Expertise

  • Energy policy
  • Energy markets
  • Electricity markets
  • Commodity markets
  • Cross-border electricity trading
  • Geopolitics of energy and commodity trading
  • Coal and alternative solid fuels
  • Hydrogen
  • Critical minerals
  • Supply and value chains
  • Geothermal energy

Publications See all Jitendra Roychoudhury’s publications

Emre Hatipoglu

Emre Hatipoglu

Research Fellow Emre Hatipoglu is a fellow in the Oil and Gas program and leads the research project Energy Markets and Geopolitics.…

Emre Hatipoglu is a fellow in the Oil and Gas program and leads the research project Energy Markets and Geopolitics. In this project, Dr. Hatipoglu and his colleagues assess how political events (e.g., international conflict, economic sanctions, international treaties) and global energy markets interact.

Prior to KAPSARC, Dr. Hatipoglu was associate professor at the Faculty of Arts and Social Sciences at Sabanci University in Istanbul and a a visiting Fulbrighter during the 2017-2018 academic year at Columbia University. He also served on the advisory board of Sakip Sabanci Center for Turkish Studies at Columbia University between 2016-2018. Dr. Hatipoglu’s work has been published in various scientific journals, such as the Journal of Politics, Energy Research and Social Science, Energy Reports, Foreign Policy Analysis, the Journal of Commodity Markets, and Defence and Peace Economics, among others. He is the editor-in-chief of the journal Energy Transitions, and serves on the editorial board of the International Studies Review.

 

 

 

Marie Petitet

Senior Fellow- Utilities & Renewables Marie is a Senior Fellow in the Utilities & Renewables Department. Since she joined KAPSARC in 2021, her research has…

Marie is a Senior Fellow in the Utilities & Renewables Department. Since she joined KAPSARC in 2021, her research has focused on power system modeling (KAPSARC Power Model), market designs for energy transitions, and framework analysis for reliable and resilient power systems.

Prior to joining KAPSARC, Marie worked as a Research Engineer within the Research and Development (R&D) unit of the utility group EDF in Paris, France. During her EDF journey, she worked on long-term and short-term electricity market design, the transmission grid at the European scale, and smart-charging opportunities for electric vehicles. Marie also worked as a researcher within the Market Department of the French Transmission System Operator RTE.

Marie holds a Ph.D. in Economics from Dauphine University, PSL (France), an M.Sc. in Environmental and Energy Economics from Ecole des Ponts ParisTech (France), and a M.Sc. in Engineering from ENSTA Institut Polytechnique de Paris (France).

Expertise

  • Electricity Markets
  • Power System Modeling
  • Electricity Market Design and Regulation
  • Energy Transition
  • Energy and Climate Policy

Publications See all Marie Petitet’s publications

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