Energy in Context: Decarbonising economies and our energy systems: how and why it must happen

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Summary

The global economy needs to decarbonise if we are to halt global warming, and it must happen while still creating the energy required to power our future.

Now, the entire world is grappling with the need to transition the global energy system to one that delivers energy that is secure, sustainable, and equitable.

That presents an era-defining challenge, but where there is a challenge, there are solutions. And where solutions arise, so do opportunities.

To address the global energy trilemma, the wider energy ecosystem must evolve and grow. Ensuring that these changes take place quickly and effectively will require a number of broad actions. These include the provision of clean energy and climate finance, cross-sector collaboration, and the introduction of new technologies and policies that facilitate decarbonisation and enhance energy efficiency.

The complexity of the challenge ahead, and the potential solutions, are explored in the following report.

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The energy transition needs

Global framework

Policy and incentive support

Action from policymakers

Transformational investments

Low-carbon technologies

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The success of the energy transition rests upon the transformation of the global energy sector from fossil-based to zero-carbon sources by the second half of this century.

An aggressive energy efficiency strategy, combined with the ramping up of renewables to replace fossil fuels, is the most realistic path towards halving emissions by 2030.

World Energy Transitions Outlook 2023

The International Renewable Energy Agency (IRENA)

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What is the Energy in Context series?

The transformation of the world’s energy system offers a unique opportunity for economic growth, with the energy sector driving global advancement.

ADIPEC’s Energy in Context series presents high-value briefs and case studies that showcase progress, foster dialogue and fast-track innovation to accelerate the energy transition.

The series explores key pillars driving the industry’s transformative journey towards a secure, equitable, and sustainable energy future.

Key pillars of ADIPEC

Decarbonising today’s energy systems

Energy, economic growth and emissions

Financing a just, orderly and equitable transition

Financing innovation in energy systems

Synergies between energy and AI, technology

Navigating the energy transition talent gap

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