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Historically, extractive industries have also been a major driver of economic growth, particularly for now-advanced economies that benefitted during and after the Industrial Revolution. Currently, mineral resource extraction plays a dominant role in the economies of 81 countries that account for a quarter of global GDP, half of the world’s population and nearly 70 per cent of those living in
The COVID-19 pandemic has presented an abrupt, even if temporary, halt to some of these trends, and underscored systemic vulnerabilities in health, economic, social and other systems, including those related to energy and industry. Failure to transition quickly to more sustainable systems will perpetuate these vulnerabilities, while also jeopardizing the fight against climate change and
Coordinated Operations of Flexible Coal and Renewable Energy Power Plants: Challenges and Opportunities ENERGY SERIES No. 52 This report argues that coordinated operations of renewable energy and fossil fuel- red power plants could help increase reliability and eciency of the whole system. At the same time, given the inherent
Cleaner electricity production from fossil fuels - Booklet December 2015Electricity generation through the use of fossil fuels has been a foundational pillar for modern society. Over two thirds of the world’s electricity is generated using fossil fuels. The power sector was designed around fossil fuels
Carbon Capture and Storage – A Key to Climate Change Mitigation (Booklet - December 2015)If the world is to succeed in constraining CO2 emissions to levels consistent with a less than 2°C rise in global temperatures, then carbon capture and storage (CCS) will need to contribute about one-sixth of needed CO2 emission