Fossil Fuel Lock-In: How Base-of-the-Pyramid Regions Can Be the Next Big Opportunity for Sustainability Services

This IDC Market Perspective discusses developing countries' critical need to avoid fossil fuel lock-in by prioritizing renewable energy infrastructure. It highlights the systemic challenges and risks associated with fossil fuel dependency and outlines strategies for emerging economies to leapfrog to renewables. The document emphasizes the role of international climate finance, private investment, and professional services in facilitating this transition, focusing on strategic planning, capacity building, and policy advisory to support sustainable and equitable energy systems."Unlock the potential of emerging economies by avoiding fossil fuel lock-in. Discover how prioritizing renewables can drive resilient growth, align with global climate goals, and create new market opportunities for professional services in a $15 billion industry by 2032." - Dan Versace, research analyst, Environmental, Social, and Governance (ESG) Business Services at IDC