Here ExxonMobil breaks out the big seven global energy trends.
On Friday, we published ExxonMobil’s 2017 Outlook for Energy: A View to 2040, which outlines our educated estimates about global energy supply and demand and other economic trends.
Over the next several decades, we see seven key themes that will shape our energy landscape:
- Energy will underpin economic growth.
- Developing countries will lead the way for energy demand.
- The global energy mix will continue to evolve; nuclear and renewables in particular will grow strongly, approaching a 25 percent share of the world’s energy in 2040.
- Natural gas will lead the growth in global energy demand.
- Oil will continue to play a leading role, with demand driven by fuel for transportation and feedstock for petrochemicals.
- Energy-related CO2 emissions will peak during the 2030s and then begin to decline even as global GDP grows.
- Technological advances will enable improved efficiency, slow energy demand growth, and open up new supplies of energy. Technology will help moderate the carbon intensity of energy use, which will help lower the carbon intensity of the world economy by 45 percent by 2040.
Read more here.
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Dick Young
Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.
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