Energy is critical to global prosperity, as it underpins economic growth, social development and poverty reduction. It has fuelled global economic development since the industrial revolution, and countries aspire to further inclusive economic growth.
However, with more than 80% of global energy sourced from fossil fuels, growing energy demand has led to increasing greenhouse gas emissions. Today’s challenge is to decouple economic growth and social development from increasing emissions.
This requires action by central and local governments, publicly and privately owned businesses, communities, and individuals.