The session explored pathways for balancing decarbonization efforts between industrialized and emerging economies, emphasizing collaboration and technology transfer as key enablers of global progress. Led by IEEE President Saifur Rahman, the discussion examined how shared carbon reduction targets can be achieved through affordable, scalable, and inclusive solutions. Participants highlighted the need for integrated approaches spanning energy efficiency, electrification, renewable energy integration, carbon capture, and hydrogen technologies. The event also underscored the role of digital innovation in accelerating deployment and monitoring, calling for policies that bridge capability gaps and promote equitable participation in the global energy transition.