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Transition 'needs careful sequencing' to avoid price shocks: Wartsila CEO | Hellenic Shipping News Worldwide

The energy transition needs to be carefully sequenced to avoid the cost risks associated with a depleted conventional fossil fuel system, Wartsila’s new president and CEO, Hakan Agnevall, told S&P Global Platts. “Without sufficient balancing power, you will not achieve your goals,” Agnevall said of the necessary race to install wind and solar. Under Agnevall, . ....

France General , United Kingdom , Hakan Agnevall , Paris Agreement , Front Loading Net Zero ,

Wärtsilä report anticipates that accelerated adoption of renewables can reduce electricity production costs by up to 50 percent Pollution Solutions Online

Wärtsilä has issued a report ahead of COP26, the UN’s Climate Change Conference to be held in Glasgow this autumn, demonstrating the environmental and economic opportunities for states that decarbonise rapidly. Click to read more. ....

United States , Glasgow City , United Kingdom , Sushil Purohit , Christian Breyer , Change Conference , Front Loading Net Zero ,