Producing the energy needed for a growing and prosperous society, while mitigating the risks of climate change, is one of the most important issues facing our society.
The world’s population is projected to grow to more than 9 billion in the next two decades, driving an increase in energy demand, particularly in developing countries. Stable and affordable energy will make it possible for more people to access the health care, transportation and education that contribute to quality of life and improved living standards.
As a global community, we need to manage environmental impacts as we meet this growth in demand.
This is society’s dual challenge.
Today’s energy alternatives help diversify the overall mix, yet provide only a partial solution.
Comprehensive lower-emission solutions for the future require advances in technology, research, development, coordination across a multitude of stakeholders, and implementation of effective policies by governments around the world.
Each year, ExxonMobil, working in collaboration with more than 80 universities, the U.S. Department of Energy’s national labs, venture funds and other private companies around the world, invests more than $1 billion to research and develop efficiency and lower-emission and scalable energy solutions, including advanced biofuels, carbon capture and storage, and technologies to reduce emissions from industrial processes.
These far reaching and ambitious technology efforts hold the promise of game-changing contributions to a lower-carbon future.
ExxonMobil is uniquely positioned to make significant contributions in the global effort to reduce emissions, and we are committed to doing our part to help society address this critical dual challenge. To learn more, please visit www.exxonmobil.com