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PGIM Investments: Bridging energy gaps becomes key to decarbonisation

Despite a flurry of climate pledges by nations worldwide, global carbon emissions continue to surpass previous record highs. The global power industry, the largest emissions contributor, along with the transportation and fuel exploitation industries account for over half the world’s emissions, which makes it critical to solve for the energy component of the decarbonisation equation. However, the solutions must balance these three goals: 1) a secure, resilient, and reliable energy supply; 2) universal access to affordable energy for domestic and commercial use; and 3) an energy system that mitigates and avoids environmental harm. 

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