What we are doing
Global electricity demand is projected to increase by 69% by 2040 , further exacerbating the challenge to cover demand increasingly and ideally exclsively from RE. The global carbon intensity of electricity generation decreased only 3.5% in 20 years. In other sectors, the barriers are even higher: RE accounted for only 4% of the energy used in road transport and 8% of heating and cooling in 2015. The distortion of the energy market by fossil fuel subsidies is a significant barrier to the wide-scale deployment of RE. Challenges to be addressed include reduced dependence on fossil fuels imports, enhancing energy independence and security, sustainable economic development of own energy industries, among others.
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