May 26, 2022 · Much of the progress on the energy transition has historically been enabled by supply side interventions, substituting the carbon heavy fuel sources with renewable energy alternatives. Considering that fossil fuels still supply more than 80% of world’s energy, supply side measures will not be sufficient for net-zero transformation. To add to ...

Feb 3, 2025 · These ambitious renewable energy targets are quite real and promising. The real game-changer, however, lies in regional cooperation and cross border power trade. Countries in the Global South today know that bringing energy reliability and optimization requires a new paradigm of collaboration which includes interconnected renewable energy grids.

Jan 23, 2025 · Azerbaijan is making strides in navigating the challenges and opportunities of AI-driven energy innovation to meet critical sustainability goals. Through national and global cross-sector collaboration and localized knowledge, it has created impactful solutions that advance energy transformation and decarbonization.

Jan 20, 2025 · The energy transition is progressing but has lost momentum in the face of increasing global uncertainty, according to the World Economic Forum's Fostering Effective Energy Transition 2024 report. The Energy Transition Index (ETI), which benchmarks 120 countries on their current energy system performance and on the readiness of their enabling ...

Jul 16, 2020 · The experience of previous energy transitions shows that these transformations don’t happen overnight but are a process over decades. However, for the current energy transition the question is how much time there is to complete it. An interesting concept called the ‘carbon budget’ clarifies the urgency of the situation.

Jan 29, 2025 · To meet these goals, the energy sector must undergo a rapid transformation – reducing emissions while delivering reliable, scalable energy to support economic growth. Central to unlocking this potential is artificial intelligence (AI), which offers unprecedented opportunities to revolutionize the production, management and consumption of energy.

Apr 3, 2023 · This will require global investment of more than $5 trillion annually in energy transition technologies – more than quadruple the record $1.3 trillion investment in 2022 – finds the International Renewable Energy Agency (IRENA). By 2030, cumulative investment in transition technologies must represent $35 trillion.

Jan 9, 2025 · The International Business Council (IBC) has focused on action on energy demand, identifying cost-efficient, actionable strategies to achieve a 31% reduction in energy intensity. This can be achieved through greater government-private collaboration and strategies geared towards integrating energy demand into national planning, climate finance ...

Jan 30, 2025 · I felt the same sentiment at Davos, with leaders confident the shift to decarbonization will continue enabling energy security and affordability. As Jesper Brodin, CEO of Ingka Group (IKEA), told delegates: “The roadmap to …

Jan 10, 2023 · Digital technology can play a key role in helping to accelerate the energy transition. Bringing digital technologies to scale could reduce emissions by up to 20% by 2050 in 3 highest-emitting sectors: energy, materials, mobility. The technology is important, but a large part of the challenge is about cultural transformation too.