Thought Leaders on Infrastructure video series. Himanshu Saxena, MS ’00, Chairman and CEO of Lotus
Infrastructure Partners and Member of the CPIP Board of Advisors, describes what will lie ahead in the global decarbonization of energy
production. He explains that developed economies will be first
to achieve decarbonization. Developing economies are still far
away from that goal. They are still increasing consumption as these
countries emerge from poverty. The developing nations are experiencing
the same evolution as industrial economies, and now they are at a much earlier stage. Wind and solar
energy will not be able to completely replace fossil fuels on their own.
Ultimately, the land usage of these technologies will interfere with other
industries, such as agriculture. Instead, a combination of energy
technologies will be needed, such as wind, solar, batteries, carbon capture,
hydrogen and ammonia.