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Rapidly evolving energy demands means businesses need to start pivoting now

Commodity prices and supply chain concerns have spiked amid a global pandemic, the conflict in Ukraine, and a confluence of long-term trends. Nevertheless, the global energy transition continues to evolve and gain momentum across sectors—threatening to leave behind businesses that fail to decarbonize fast enough. As the world pivots to low-carbon resources, the global energy demand for electricity could triple to 50 percent by 2050, and fossil fuel demand could peak as soon as 2023—primarily driven by increased electric vehicle uptake. From the oil industry to nascent technologies and renewables, find out how sectors around the world can successfully make the net-zero transition.

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