Global energy demand is projected to grow significantly, increasing by as much as 18 per cent by 2050, with emerging economies playing a key role in driving this growth. Factors such as population expansion, rising GDP, and the relocation of industries to countries like those in the ASEAN region, India, and the Middle East are boosting energy consumption in these regions.However, despite this surge, low-carbon energy sources, such as solar and wind power, are expected to account for 65 to 80 per cent of global power generation by 2050. While solar energy, in particular, is projected to grow rapidly due to its low cost, other technologies like hydrogen and carbon capture face hurdles.
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