The fourth industrial revolution will be driven by energy

World Economic Forum Davos-Klosters, Switzerland – Far from being a romantic dream, renewables are central to meeting the energy demands that the Fourth Industrial Revolution will bring. Clean energy now accounts for more than half of all new energy supply, said Fatih Birol, Executive Director, International Energy Agency, Paris. The bulk of new installations – more than two-thirds – come from emerging countries, he added. “To meet climate change and growth targets, around 40% of future energy supply must come from zero-emission technologies.” Hiroaki Nakanishi, Chairman and Chief Executive Officer, Hitachi, Japan; Co-Chair of the World Economic Forum Annual Meeting 2016, said the challenge has moved from having more renewable energy to having better energy systems. There are distributional challenges that […]