The global energy system is rapidly evolving, requiring collaborative efforts across sectors to accelerate a transition towards sustainable outcomes. The private sector, represented by the International Business Council (IBC), focuses on energy demand, aiming to increase economic output while reducing greenhouse gas emissions. Research indicates tangible actions yielding a 31% reduction in demand across sectors, achievable now with existing technology. Such efforts align with Paris Agreement targets and support energy efficiency goals. The IBC urges leaders to prioritize energy demand alongside supply to achieve net zero emissions, emphasizing the urgency of collective action.

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