GEM and the Art of Energy Balance

So where is the balance? As important as it is to invest in technology for renewables, it is just as important if not more important to invest in technology for cleaner use of traditional energy sources. Precious few seem to want to talk about this – one side won’t concede the possibility of clean fossil fuel use and the other won’t concede that it is necessary, but if we’re going to continue to depend on large amounts of fossil fuels we must more effectively manage their environmental effects.

The last piece of this puzzle is people. Everyone has a stake in the energy industry and it is undeniable that many of those stakeholders are increasingly asserting their interests, with ever more significant influence on how the energy industry can operate.

As an industry – whether we’re talking about coal, oil, gas, nuclear, or renewables – we must continue to evolve. We don’t do things the way we did 35 years ago and we certainly don’t do them the way we did 100 years ago. There is no reason to believe that 25 years from now we’ll be doing things the way we do them today. The question is: How we will shape the future? That’s where the Global Energy Management (GEM) program comes in.

Jim Marchiori is Executive Director of the Global Energy Management (GEM) program at the University of Colorado Denver Business School.