What is the future of energy? 

The economist, Julian Simon said, “Energy is the master resource”

The World Economic Forum, in its report on Energy Transition, a measure of the comprehensive ability of nations to have structural energy reforms. Here are a few key insights into the movement of energy and its importance to us:

1) Energy is deeply linked to the economy: A nation’s prosperity is deeply intertwined with its ability to generate and consume energy. As productivity rises, prosperity increases.

2) Energy is a limited resource: Energy cannot be created or destroyed, only converted. We are on the way to depleting natural reserves, this is reflected in price of fuel. A shift to renewables is bound to happen.

3) Policy and awareness are critical: As energy is a utility-scale resource, it doesn’t receive much attention from the common man beyond oil prices, but it\’s crucial to include and make aware. Creating the right signals for investors and businesses, fostering an innovative atmosphere and, maintaining a long term strategy is important.

4) The energy transition is complex and uncertain: As nations are heavily complex and energy technologies are not completely breakthrough but scalable. An excellent model detailing a possibly successful transition to clean technology comes from @UC Berkeley 2035 Report.