The regulatory landscape across the energy and infrastructure portfolio is fluid and highly technical. Hanover’s team has in-depth expertise of helping clients engage in debates at an international level.
The energy and infrastructure markets are underpinned by the energy transition and the decarbonisation imperative, yet population growth and the increase in global living standards is causing energy consumption to increase. These environmental concerns have seen industry, governments and consumers face challenges in reducing energy consumption, changing practices and lowering carbon emissions. These pressures have driven innovation in renewable energy, unconventional oil and gas, biofuels, carbon capture and storage, and sustainable supply-chain initiatives.
Renewables are the fastest growing source of energy and are set to become the largest source of power globally. Meanwhile, natural gas continues to grow, supported by broad-based demand and the increasing availability of gas, aided by the continuing expansion of liquefied natural gas (LNG). Despite widespread phaseout efforts, global coal consumption is broadly flat, with falls in Chinese and OECD consumption offset by increases in India. While broadly acknowledged as a low-carbon solution, the nuclear sector is hindered by cost and safety concerns following the Fukushima disaster, with small-scale projects seeking to fill the void left by a lack of new, large-scale projects.
As the world continues to electrify, around three-quarters of the increase in primary energy is absorbed by the power sector. In the transport sector, the share of passenger vehicle miles powered by electricity will grow exponentially in the coming years, supported by the growing importance of fully-autonomous cars and shared-mobility services. Despite omission from the provisions of the Paris Agreement, the shipping and aviation sectors are under considerable pressure to innovate and decarbonise.
A greener economy is widely considered a key driver for innovation, long-term sustainable growth and the creation of jobs. The climate change debate is as much about reputation as it is policy and regulation; businesses and trade bodies are increasingly expected to show that they are part of the solution.
Hanover’s experience spans the entire system, across the energy spectrum, heavy industry and key national infrastructure. Upstream, we have conducted public affairs and reputation management for governments and oil majors. For large energy generators, we have shown how they ensure security of supply. In the renewables space, we have provided integrated public relations and public affairs support for Europe’s largest generator of renewable energy. Downstream, we have positioned an oil refiner as central to the electric vehicle supply chain. For one of the world’s biggest steel companies, we have communicated the challenges faced by an energy-intensive company in terms of seeking a level playing field on energy costs across Europe. Across the board, we are well-placed to help organisations navigate the debate and position themselves as leaders in the energy transition.