The global energy transition away from fossil fuels and towards low-emission energy sources appears to be a primary target for a majority of nations Unfortunately, these nations are reluctant to acknowledge that a successful energy transition will require a significant reduction in demand Reducing energy demand without sparking major riots or reducing the standard of living of their citizens continues to be a problem for governments There’s a dark secret about the energy transition that politicians and energy regulators all too frequently shy away from. Unfortunately, unless this issue is dealt with the energy transition may never take place. The world consumes ever-growing amounts of energy as its total population increases, led by emerging markets that, in addition to strong population growth, are seeing an increase in the average wealth of their citizens. Any increase in wealth leads to more consumption of everything, energy included. And if countries are […]