Energy is a key requirement for sustainable progress and development around the world. Energy consumption is rising rapidly, driven by worldwide population growth, swiftly developing economies, improving global living standards and the rapidly increasing use of ever more energy-dependent technologies. Global demand for energy is expected to increase significantly over the next 25 years, based on outlooks from the International Energy Agency.
As a global energy consumer and industrial manufacturer, and a major manufacturer of energy conversion and power-generation products, Caterpillar has a fundamental interest in, and understanding of, energy needs around the world. We are providing products with leading integrated technology to various energy markets and leveraging our technology and innovation to meet the world’s growing energy needs.
Greenhouse gas (GHG) accumulation in the atmosphere is a major concern in both the public and private sectors because of the potential for these gases to affect climate patterns. As a result, many governmental and intergovernmental organizations are implementing mechanisms in an attempt to reduce GHG emissions. We support intelligent, responsible public policies addressing climate and energy issues.
Additionally, we support the reduction of GHG accumulation through improved GHG management practices. Atmospheric GHG accumulation can occur as a result of inefficient or excessive fossil fuel combustion, poor waste management practices or poor land management practices. Caterpillar is a leader in the development and deployment of innovations and technologies that, through our products, assist in the mitigation of all three of these sources.
For our customers, job site fuel efficiency, which contributes to reductions of GHG emissions, is strongly considered in our new-product development efforts. As a result, breakthroughs have been achieved in the development and implementation of innovations such as combined diesel and electric drives, hybrid systems, continuously variable transmissions, job site optimization technologies and services and alternative fuel utilization.