Worldwide energy consumption is tipped to grow by around 50% by only 2040 with most demand coming from non-OECD countries.
Increasing volatility in oil markets, pressure for divestment across coal based portfolios, unpredictable leadership in gas controlling countries, rising populations consuming more, and emerging scalable technologies are just a few pressures converging to create a clouded uncertain power future. Energy has become the fuel within a hair trigger financial, political and environmental powder keg, surrounded by the wildest extremes of risk and opportunity.
The age of oil is almost over, but nobody can say with authentic certainty what will take its place, and more importantly, when it will hand over the crown. Renewables such as solar and wind are in the ascendency but are they realistically scalable quick enough to defend against runaway climate change? Are we not destined for far more complicated, fragmented, intelligent and locally-based solutions to satisfy the global hunger for better standards of living?
We want the CSRwire community of experts, NGOs, corporates, academics and disruptors to share your unique insights and best practice into how we accelerate incremental progress towards a sustainable energy future.
Photo Credit: Ryan Mcdonald