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Unleashing Innovation To Meet our Energy and Environmental Needs | ExxonMobil Page 7 of 12
means that our investments and innovations will be vital in the decades
ahead.
In fact, the world will need to pursue all energy sources, wherever they
are economically competitive.
The world will need wind, solar, and other renewables. We will need
increased use of nuclear power. And, importantly, we will need coal, oil,
and natural gas.
The IEA and other credible energy analyses all agree that carbon-based
fuels will continue to meet about three-quarters of global energy needs
through 2040.
But with this increased energy demand comes a second challenge:
reducing the greenhouse gas emissions associated with energy use.
From the very beginning of concern on this issue, ExxonMobil scientists
and engineers have been involved in discussions and analysis of climate
change. These efforts started internally as early as the 1970s. They led to
work with the U.N.'s Intergovernmental Panel on Climate Change and
collaboration with academic institutions and to reaching out to
policymakers and others, who sought to advance scientific understanding
and policy dialogue,
We believe the risks of climate change are serious and warrant
thoughtful action. We also believe that by taking sound and wise actions
now we can better mitigate and manage those risks.
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