Back to the Dual ChallengeEnergy enables human flourishing
Energy enables human flourishing
Source: Bain & Company analysis; OurWorld in Data; Center for Global Development; BP Statistical Review of WorldEnergy, 2021; EIA
but energy is unequally distributed
Energy forms the bedrock of modern civilization. The enormous growth in energy supply since the 19th century has driven astonishing improvements in human longevity and prosperity. But those benefits haven’t been equally distributed, and there is still considerable energy poverty. We need to improve access to affordable, reliable energy.
People globally whose energy consumption today is less than that of Germany and France in 1860.
People globally who lack access to clean cooking fuels.
People globally who lack access to electricity for their homes.
Historically, only developed countries have decoupled emissions and GDP growth
Most of the world is still climbing the energy ladder
Sources: Bain & Company analysis; Our World in Data; World Bank; BP Statistical Review of World Energy, 2022; ElA
Current global emissions must fall dramatically to limit warming
Note: (1) CO, emissions exclude land use change and exclude non-CO, emissions like methane; (2) UN median fertility scenario; (3) GDP expressed in 2021 USD in purchasing power parity terms via lEA; (4) IEA STEPS scenario temperature estimate range reflects 33-67% confidence interval. Source: IEA; BP Statistical Review of World Energy, 2022; BNEF; IRENA; Resources for the Future.
Note: Approximate change in GHG emissions, 2050 vs. 2019, in a scenario in which all announced national pledges & targets are met, according to the Climate Action Tracker (Nov 2021), not enough to limit warming to 2°C or less. 30-40B metric tons decline in annual GHG emissions (~60-70% reduction) needed by 2050 to limit warming to 2°C by 2100.
