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The Intelligence Squared Economic Outlook with Martin Wolf
Intelligence Squared
The Critical Need for Transforming Energy Systems Globally
To achieve environmental targets in the next decade, it is crucial to focus on both investment subsidies and demand-side transitions in energy policies. The emissions issue is not solely Western as more than half of emissions come from emerging and developing countries. Merely fixing emissions in the West will not suffice, as these countries drive energy demand growth. Transformation of energy systems globally is imperative to address the energy challenges faced by developing nations. Without effective mechanisms to drive this transformation, environmental goals will remain unattainable.
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