The energy system is currently facing a number of challenges, most notably high consumption levels, lack of energy access, environmental concerns like climate change and air pollution, energy security concerns and the need for a long-term focus, the authors say. Addressing these critical issues simultaneously will require a fundamental transformation of the global energy system.
Recent assessments show that such transformation is achievable in technological and economic terms, but constitute formidable governance challenges. The key components of a successful transformation include taking an integrated approach as basis, the focus on high levels of energy efficiency and the scale up of investments, also in research, development, and demonstration.
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