Thursday 16 May 2019 | 09:30-10:45
Disruption is not a new idea. J. Schumpeter introduced a similar concept, when he wrote about “creative destruction” more than half a century ago. New technologies, products and processes turn their predecessors obsolete, resulting in new industries. We are becoming increasingly aware of technology as a major driving force for disruption.
Historical examples of disruption include the agricultural and industrial revolutions, which saw the displacement of human and animal power by fossil-fuels and lead to the global energy transition to displace fossil-fuels with renewable resources.
For the hydropower sector, disruptive technologies will drive changes and appropriate innovations within policy and regulatory frameworks that govern electricity markets and investments.
This session seeks to assess (1) the magnitude of disruption, and to what the disruption applies; and (2) the rate of disruption, i.e. how quickly is this happening?
It is important to highlight that hydropower, despite being a mature and established technology, is still innovating and thus can be both disrupted and act as a disruptor.