Are we losing the argument that climate change requires action and investment? Can we balance the need for affordable energy with the costs of decarbonizing hard-to-abate sectors like steel, cement and aviation? And how can we counter the spread of misinformation and populist narratives that undermine support for clean energy?

This week on Cleaning Up, Michael Liebreich welcomes back Lord Adair Turner for a deep dive into the state of the energy transition at the end of 2024. They discuss the remarkable progress in technologies like solar, batteries and electrification, but also the political and economic challenges of driving rapid decarbonisation.

Turner shares his optimism that we have the technologies to reach net zero by 2070-2080, but also his concern that the pace of change may not be fast enough to avoid significant warming. They explore issues like the role of nuclear power, the need for grid investment, and the complexities of climate finance and international cooperation. This episode grapples with the tension between technological progress and political realities - and how to navigate that divide to accelerate the transition to a sustainable, zero-carbon future as we move into the new year.

Leadership Circle:
Cleaning Up is supported by the Leadership Circle, and its founding members: Actis, Alcazar Energy, EcoPragma Capital, EDP of Portugal, Eurelectric, the Gilardini Foundation, KKR, National Grid, Octopus Energy, Quadrature Climate Foundation, SDCL and Wärtsilä. For more information on the Leadership Circle, please visit [ Ссылка ].

Links and more:
• Adair's book, Just Capital: [ Ссылка ]
• The Energy Transitions Commission: [ Ссылка ]
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• TNO's Hydrogen Insights: [ Ссылка ]

Chapters:
00:00 - Intro
05:15 - The Growth of Electricity
11:10 - Trends in Solar & Batteries
16:30 - Democratisation of Solar
19:22 - A Difficult Year For Wind
25:36 - AI and Nuclear
34:26 - UK 2030 Zero Carbon Electricity Target
36:29 - Price Signals
39:00 - Free Electricity
40:29 - The Grid
44:30 - Industry and Hydrogen
56:10 - COP29 in Baku
01:06:39 - Beyond COP?
01:08:10 - Populism, Price Rises & Climate Action
01:22:25 - Outro

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