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  "documentTitle": "BP plc (BP)",
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  "authorName": "Giuseppe Bivona and Marco Taricco",
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  "presentationDate": "2023-10-04 00:00:00",
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  "notes": "The slide uses IEA data to argue that aggressive decarbonization targets may jeopardize economic development in emerging markets.",
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      "text": "Cutting hydrocarbon production (without a credible green-alternative to be available in an equivalent size) jeopardizes the development of sub-Saharan economies, which depend on it for 90% of its energy use.",
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      "text": "Approximately 2.6 billion people did not have access to clean cooking options, with 35% in sub-Saharan Africa, 25% in India, and 15% in China. In 2020, the world's population was around 7.8 billion, projected to increase by around 750 million by 2030 and nearly 2 billion people by 2050, in line with the median variant of United Nations projections (UNDESA, 2019).",
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      "text": "Hence, in order to 'square the number' to get to Net-Zero by 2050, it becomes necessary to make unrealistic assumptions on the more efficient use of energy, resource efficiency and behavioral changes to offset increases in demand for energy services, as the world economy grows and access to energy is extended to all. Cutting hydrocarbon production (without a credible green-alternative to be available in an equivalent size) jeopardizes the development of sub-Saharan economies, which depend on it for 90% of its energy use.",
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      "text": "Almost all this population increase is expected in emerging markets and developing economies, with Africa's population alone increasing by more than 1.1 billion between 2020 and 2050: \"in the net zero pathway, global energy demand in 2050 is around 8% smaller than today, but it serves an economy more than twice as big and a population with 2 billion more people\"44.",
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      "text": "According to the IEA, in 2020, about 790 million people worldwide did not have access to electricity, with most of them living in sub-Saharan Africa and developing Asia.",
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      "text": "in the net zero pathway, global energy demand in 2050 is around 8% smaller than today, but it serves an economy more than twice as big and a population with 2 billion more people — IEA",
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      "text": "44 Source: IEA Net Zero by 2050 A Roadmap for the Global Energy Sector, October 2021",
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