Oil and Gas

Emerging markets with fossil fuels need to rethink growth strategies. Here’s why

The global shift towards a decarbonized economy is challenging tried and tested models of development. Image: REUTERS/Raheb Homavandi

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Reported Official Development Assistance (foreign aid) commitments to power generation, by technology, 2000–16
Despite the use of renewables showing the fastest growth, fossil fuels will still account for more than three quarters of global energy consumption by 2040, forecasts the US Energy Information Agency.

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