Switching to cleaner fuels

Energy consumption and production represents around two-thirds of the global GHG emissions and 81% of the global energy mix is still based on fossil fuels, the same percentage as 30 years ago. Global energy demand is expected to increase at an average rate of about 1.5% per annum from 2017 to 2030.Despite a clear shift toward renewables in the energy mix, from 15% in 2016 to 22% in 2030, the demand for the three key fossil fuels – coal, oil, and natural gas –is expected to remain constant

A transition is desirable to more sustainable and long-lasting global energy systems that provide solutions to global energy-related challenges, while creating value for business and society, without compromising the balance of the energy triangle i.e. security and access, environmental sustainability and economic development and growth.

This session will focus on the importance of future driven energy solutions which needs to be accelerated through the development of effective policies, private-sector actions and public-private cooperation.