Navigating the Trilemma: Security, sustainability and affordability
Energy Transition/Climate & Sustainability
Our global energy system, launched on a course of transition to a net-zero emissions world, has bumped against short-term energy security requirements as countries try to navigate numerous immediate crises. While the long-term transition continues to accelerate, the world remains on track to exceed the greenhouse gas emissions required to meet Paris Agreement climate change goals. The challenge of how to bridge this gap while also balancing the three goals of energy security, sustainability and affordability, is central to navigating the Energy “Trilemma.” When any solution targeting one of these elements must consider the ramifications for the other two, maintaining this balance will be challenging and risks passive trade-offs between equally critical priorities. How will our global energy system strike this balance effectively? How can the world meet growing demand for energy while reducing emissions? How will the application of digitalization, automation and artificial intelligence help solve the energy trilemma?