PwC, July 2023
Transitioning to a sustainable energy system to combat climate change entails numerous challenges and significant gaps in various sectors. These gaps are particularly notable in power generation, transportation and distribution grids, storage capabilities, hydrocarbon conversion, critical minerals supply, and funding.
Addressing these gaps requires coordinated global efforts employing strategies such as enhancing energy efficiency, expanding electrification, and adopting eco-friendly alternatives for hydrocarbons. Establishing a coalition comprising leaders from the public, private, and financial sectors is deemed crucial in attaining a sustainable future.