INTRODUCTION Contributed by: David P. Flynn, Phillips Lytle
Certain estimates of growth in the energy sector put this into some context. Growth in renewable energy (primarily solar and wind) may result in renewable energy generation representing almost 40% of all global energy generation by 2040. In certain jurisdic- tions, the penetration of renewables and other non- carbon-based energy sources could reach double that number. With the tangible impacts of climate change seem- ingly presenting themselves on an almost daily basis, with some notable exceptions, more countries are rec- ognising the need to decarbonise their economies. What could have been a more gradual transition is now taking on the feel of a crisis. This is forcing very significant (and costly) changes to occur in a very short period of time. It is also forcing the existing legal and regulatory frameworks and systems in many countries to evolve at a pace that is uncharacteristic for this sector. Consequently, it is imperative for those entities that are either impacted or involved in the decarboni- sation effort to use tools such as this Guide to better understand and facilitate the implementation of the decarbonisation efforts.
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