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  "documentTitle": "ey e book the green transition",
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  "notes": "The slide uses a three-column layout to discuss the necessity of diverse technologies, the role of decentralization/DERs, and the integration of EVs into the power grid.",
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      "text": "No single established technology can deliver net-zero goals on its own, and there's no need for this.",
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      "text": "Decentralization has been a trending topic for decades, but one potential driver of this change is the massive deployment of EVs, accompanied by a comparable decarbonization of the power sector. This presents an opportunity in the power-transport sector coupling, since car batteries operating in vehicle-to-grid (V2G) mode can absorb the excess power supplied by non-dispatchable renewable energy and increase power grid flexibility. How governments legislate and regulate for an energy future where citizens are not dependent on a central power grid will be one of the important policy challenges.",
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      "text": "No single established technology can deliver net-zero goals on its own, and there's no need for this. The real game changer in future power generation will be how governments can encourage low-carbon energy transition at pace and at scale while keeping the lights on and still improving the lives of their citizens. Established technology will play an important role in smoothing out this transition. One example will be improved natural gas processing through Internet of Things (IoT) technology to reduce the risk of methane leakages (the gas is 28 times more potent in driving atmospheric global warming than CO2 over 100 years and 84 times more potent on a 20-year timescale.)4 Natural gas can be seen as a transition path to fully renewable energy where a rapid increase in wind, solar and geothermal power supply is needed.",
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      "text": "Progress is happening at pace and the world is on course to add as much renewable power in the next five years as it did in the past 20.5 But developing the ability to store the energy produced and distribute it when needed will be revolutionary. Smaller-scale, demand-driven technology — namely solar capture, wind harnessing systems and battery storage — will shape the consumer decentralization of energy production in the coming decades. Distributed energy resources (DERs) and smart grids will play an important role in the energy transition. As the EY Renewable Energy Country Attractiveness Index shows, as markets seek to rapidly integrate more renewables, stronger regulatory support with subsidies and tax credits is essential to improving grid flexibility and predictability for future price realization.6",
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      "text": "4. “Methane emissions,” European Commission website. 5. “Renewables,” IEA website. 6. Renewable Energy Country Attractiveness Index 2023, EY.",
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