Renewable Energies Implications for Insurance 2024 | Munich Re | 6 March 2024 | Online
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| Event Date |
Thu Mar 7 UTC (9 months ago)
In your timezone (EST): Wed Mar 6 7:00pm - Wed Mar 6 7:00pm |
| Location | Online |
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Details
In line with the goals of the Paris Agreement, the energy system is undergoing a fundamental transition, which is even going to accelerate over the years to come:
• New power production capacity will mainly come from on- and offshore wind power and from solar PV.
• Battery energy storage systems (BESSs) will be added at a larger scale to balance out power production with power demand over time.
• Decarbonisation of sectors that cannot be electrified will require large amounts of green fuel to be produced (e.g. hydrogen, e-fuels, green ammonia).
• To use these new energy sources, existing technology needs to be modified or redeveloped (e.g. to make gas turbines hydrogen-ready)