Ryen Godwin, Environmental and Natural Resources Lawyer for Schwabe, Williamson & Wyatt, kicked things off and provided closing commentary on the discussion at the end of the event.
The lively discussion indicated there is much to be optimistic about with regard to renewable energy today and into the future for the Pacific Northwest. Key takeaways from the discussion:
Renewable energy is largely cost competitive and the industry is at a good point with demand exceeding supply. From an economic standpoint, any time demand exceeds supply, we might see rising prices. But when we look at overall trends, renewable energy costs have been consistently reducing as efficiency improves, whereas conventional energy sources have associated costs that fluctuate or increase year to year.
Decarbonizing the energy sector plays a vital role in resolving our climate crisis. It’s a technology challenge but is also affected by commercial and political factors. Our current energy system was built 50 years ago and is verging on being antiquated. There is an urgent need to rebuild it with renewable energy sources, and the industry is seeing dramatic advancements quickly. Costs are coming down, storage solutions are improving, energy production rates are increasing, and demand is being driven by a hungry market and supported by government policy.
Watch a video recording of the virtual event here:
PNW Predictions: Renewable Energy Reimagined - Zoom