Meeting Global Energy Needs
Meeting global needs – managing climate change business risks Energy is the foundation for modern life and the gateway to opportunity and development for developing nations. Energy powers technology and enables progress throughout the world. It provides heat for homes and businesses; power for hospitals and clinics to run advanced, life-saving equipment; fuel for cooking and transportation; and light for schools and streets. In 2040, the energy sector will need enough supplies to sustain the lives of 9 billion people and a world economy more than double that of 2014. Expanded economic output and roughly 2 billion additional consumers by 2040 will mean that global energy demand will likely grow by about 25 percent over 2014. To put this growth in perspective, this increase is equivalent to the total energy used in North America and Latin America today. Given the importance of energy, it is in the interest of every government to increase access to reliable and affordable supplies for its citizens. That is why consumers should be concerned with policies that could have an adverse impact on energy production. Such restrictions could also impact the rate of economic development and the ability of nations to develop. Growing energy […]