Transforming Energy DemandW H I T E P A P E RJ A N U A R Y 2 0 2 4In collaboration with PwCImages: Getty Images© 2024 World Economic Forum. All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means, including photocopying and recording, or by any information storage and retrieval system.Disclaimer This document is published by the World Economic Forum as a contribution to a project, insight area or interaction. The findings, interpretations and conclusions expressed herein are a result of a collaborative process facilitated and endorsed by the World Economic Forum but whose results do not necessarily represent the views of the World Economic Forum, nor the entirety of its Members, Partners or other stakeholders.ContentsForewordExecutive summary1 Why transforming energy demand matters2 The three energy demand levers3 Business solutions – overall approach4 Business solutions – selected interventions for change in buildings, industry and transport4.1 Industry4.2 Buildings4.3 Transport5 Government leadershipConclusionAppendixA1 Modelling methodologyContributorsEndnotes345111315 162429333738384044Transforming Energy Demand2ForewordAs the global energy system undergoes a rapid transformation, leaders across all sectors need to collaborate to accelerate an energy transition that creates positive outcomes for people, society and the planet. The private sector can play a leading role in driving this transformation.That is why a year ago, the International Business Council (IBC), a group that together represents 3% of global energy use, decided to focus on energy demand. This is an under-addressed area that will allow us to increase economic output, while reducing greenhouse...
