London, Aug 18 (HNA) – Energy consumption and production account for about two-thirds of global greenhouse gas emissions, and 81 percent of the global energy mix is still based on fossil fuels – a percentage that has not budged in decades.
A transition to a more inclusive, sustainable, affordable, and secure global energy system is imperative. This must be done while balancing the “energy triangle”: security and access, environmental sustainability, and economic development.
And, it must now be done in the context of Covid-19’s significant impact on the energy system. Related public-policy and private-industry responses may affect supply and demand – as well as the speed and shape of the energy transition to a zero-carbon-emissions future – for years to come.
This Transformation Map is informed by the views of a wide range of experts from the World Economic Forum’s Expert Network and is curated in partnership with Scott Burger, Research Affiliate, Massachusetts Institute of Technology.