Renewable Energy Expected to See Significant Growth

ExxonMobil at energyfactor.exxonmobil.com lays out the long-term growth story for both natural gas and renewables.

Since natural gas emits up to 60 percent fewer emissions than coal when burned for power generation, utilities switching to more efficient, cleaner-burning gas power plants are spearheading the drive toward lower U.S. emissions.

This environmental success story would be impossible without the increase in natural gas production from hydraulic fracturing in the Marcellus and other shale regions.

ExxonMobil estimates that the biggest expected growth in energy demand over the next several decades will be in natural gas.

Renewable energy – along with nuclear power – is expected to see significant growth in the coming years. Indeed, all sources of energy will be needed to meet future energy demand, expected to grow 25 percent by 2040.