On this edition of Columbia Energy Exchange, host Jason Bordoff is joined by Francesco Starace, Chief Executive Officer and General Manager of Enel. Enel is a multinational manufacturer and distributor of electricity and gas, and one of Europe’s leading energy companies, serving more than 73 million end users in 35 countries across 5 continents.
Broadcasting from the 9th Annual International Renewable Energy Agency Assembly in Abu Dhabi, Jason and Francesco discussed Enel’s focus on innovation in renewable energy. Enel has made significant investments in technology and digitalization to respond to a rapidly changing energy market, creating the foundation for intelligent grids, smart cities, and electric transportation.
Jason and Francesco discussed the role of natural gas in the energy mix, and changes brought by the global clean energy transition – from the impact of electrification on energy demand and carbon emissions to workforce and labor impacts. Francesco also shared his thoughts on the outlook for renewables, innovation in the energy sector and the future of nuclear.
It has now been just over a year since the US signed into law the Inflation Reduction Act and already, it has been followed by more than US $110 billion in clean energy investments.
Rising debt levels and the ravages wrought by climate change present acute threats to achieving sustainable development goals in emerging market and developing economies.
As the world races to transition to cleaner energy sources, there exists a substantial gap between the financing required for this transition and the actual investments being made.