Energy & Environmental Sustainability; 3P’s To Success

The energy and environmental sectors are highly integrated, very sophisticated and are based on maintaining an intricate equilibrium between; commercial market fundamentals; advanced innovative technology development and commercialization; project design and engineering; economics, finance; regulatory policy and framework; as well as maintaining “sacro-sanctity” in transactional contracts and agreements. It must be understood and appreciated by various stakeholders that if there is a mismatch in any one of the above, the imbalance is often difficult to rectify due to unintended consequences. There is so much discussion today on sustainability, clean and green energy and related areas. Beyond pure rhetoric from the various stakeholders worldwide, sustainability must be based on sound balance and equilibrium of three key fundamental factors or the “3 P’s".

At the foundation of the “3 P’s” is a fair, balanced and equitable baseline which is deeply rooted in the famous saying from time immemorial; “Don’t Waste Time, Energy, Money, Water, and Food”. This really translates into reducing wastage and striving for; “Common Sense”, “Common Ground” and “Common Goal”. Thus, beyond rhetorical speeches, practical efforts must be directed to minimizing wastage of natural resources while achieving an optimal energy mix with comprehensive and integrated energy policy covering “all of the above” energy sources (conventional / alternate / renewable) without disqualification of any one source.