Green Energy Transition: A Pathway to Net Zero

The video discusses Europe's power crisis, highlighting the EU's agreement to cap natural gas prices at €180 per MW hour to stabilize the market and reduce reliance on Russian gas. It also covers the global power price trends, noting that while renewables remain competitive, costs for fossil fuels are rising faster. The impact of increasing interest rates on energy project financing is examined, with a focus on how it affects renewables more than fossil fuels. Finally, strategies for APAC countries to reduce electricity costs by increasing renewable energy share and implementing power market reforms are explored.

What is the trigger condition for the EU's natural gas price cap?

• The European Commission decides to implement it

• The spread compared to LNG goes above €50

• Prices on the TF benchmark index exceed €275 for two weeks

• Prices on the TF benchmark index exceed €180 for three days

Which energy sector has seen the least increase in costs according to the global power price trends?

• Nuclear energy

• Solar energy

• Combined cycle gas turbines

• Wind sector

How much did the global average cost increase for new gas power plants in the second half of the year?

• 15%

• 23%

• 30%

• 10%

What percentage of the cost increase for onshore wind projects in India was due to financing costs?

• 100%

• 20%

• 50%

• 80%

What is a recommended strategy for APAC countries to lower electricity costs?

• Reduce energy consumption

• Increase the share of renewables

• Import more energy

• Increase reliance on fossil fuels