  In this paper we review in detail a number of approaches that have been
adopted to try and explain the remarkable observation of our accelerating
Universe. In particular we discuss the arguments for and recent progress made
towards understanding the nature of dark energy. We review the observational
evidence for the current accelerated expansion of the universe and present a
number of dark energy models in addition to the conventional cosmological
constant, paying particular attention to scalar field models such as
quintessence, K-essence, tachyon, phantom and dilatonic models. The importance
of cosmological scaling solutions is emphasized when studying the dynamical
system of scalar fields including coupled dark energy. We study the evolution
of cosmological perturbations allowing us to confront them with the observation
of the Cosmic Microwave Background and Large Scale Structure and demonstrate
how it is possible in principle to reconstruct the equation of state of dark
energy by also using Supernovae Ia observational data. We also discuss in
detail the nature of tracking solutions in cosmology, particle physics and
braneworld models of dark energy, the nature of possible future singularities,
the effect of higher order curvature terms to avoid a Big Rip singularity, and
approaches to modifying gravity which leads to a late-time accelerated
expansion without recourse to a new form of dark energy.
