Global trends: what to look for in 2019

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The energy transition gathered pace in 2018. Renewables costs fell further, major deployments in energy storage showed the promise of profitability amid scale, and electric vehicle growth outpaced our earlier estimates. Air pollution control measures became more stringent and new regulations emerged to manage public expectations. Meanwhile, corporates increased spending in transitional companies across the value chain and policymakers made tentative strides at the COP24 meeting in Poland. The year was not without its obstacles though. Despite higher and volatile fossil fuel prices, carbon emissions grew in 2018.

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