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RECOGNISING OUTSTANDING ACHIEVEMENTS IN ENERGY

The Global Energy Prize annually honors outstanding achievements in energy research and technology from around the world that are helping address the world’s various and pressing energy challenges.

The Global Energy Prize Summit: CLEAN ENERGY REQUIRES LARGE-SCALE INVESTMENTS AND DECISIVE POLITICAL ACTION

Humanity is about to usher in a new technological cycle, which implies structural changes in the economic model and a fundamental revision of the strategy for managing the energy system. Experts of the VIII Global Energy Prize Summit which took place on April, 10 at the Karlsruhe Institute of Technology (Germany), are convinced that this transition requires large-scale investments and decisive political action. While discussing the changes of the global energy landscape, the Summit’s participants identified ways to improve energy efficiency and named obstacles preventing the necessary deep transformation.

World experts share the view that humanity is on the threshold of a new technological cycle, which entails changes in the main spheres of society. Undoubtedly, the transition to a new stage is not possible without efficient, reliable and safe energy. Are the world community and modern infrastructure facilities ready for large-scale transformations? The participants of the panel session "Energy in the new technological cycle" considered the obstacles to transitioning to a new paradigm, the trends of the future of energy, and how humanity will benefit from this next industrial revolution.

Participants of the Summit concluded that the main challenge for the development of energy in the new technological cycle lies in the hands of political decision makers. While the leading scientists in the field are confident that efficient, environmentally friendly and economically viable technologies are available to provide holistic solutions that were previously impossible, politicians are called upon to take the necessary hard decisions today.

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