Affordable, clean & reliable energy is essential to modernity. The energy sector needs to face the dual challenge of satiating providing for energy prosperity while addressing climate change. Distributed, low-carbon energy sources are displacing centralized, polluting sources while smart and autonomous electric mobility has the potential to upend the transportation landscape.
According to World Bank statistics, the global per-capita primary energy consumption has compounded 1.0% annually for the last 30 years. This was multiplied by a 1.1-1.2% annual population growth to generate 1.5-2.0% total energy demand growth. The slow but steady arrival of ‘peak child’ means that the world’s human population will reach 11.2 billion by 2100 (+45% from today). Energy efficiency improvements will continue to drive human development while slowing energy demand growth.