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This lecture discusses the global energy challenges, the growth of renewables, the impact of cheap oil, the evolution of the fossil share in the energy mix, and the future trends in primary energy demand and CO2 emissions. It also covers the correlation between energy demand and GDP, energy intensity per country, energy security, and the concerns over energy imports. The lecture explores the concept of unconventional fuels, the environmental impact of fracking, and the importance of energy efficiency. It delves into the increasing role of renewable energy sources, the paradigm shift in the electricity system, and the opportunities for energy storage applications in the context of the energy transition.