The Energy Outlook explores the forces shaping the global energy transition out to 2040 and the key uncertainties surrounding that transition. It shows how rising prosperity drives an increase in global energy demand and how that demand will be met over the coming decades through a diverse range of supplies including oil, gas, coal and renewables
Fast growth in developing economies drives up global energy demand a third higher.
The global energy mix is the most diverse the world has ever seen by 2040, with oil, gas, coal and non-fossil fuels each contributing around 25%.
Renewables are by far the fastest-growing fuel source, increasing five-fold and providing around 14% of primary energy.
Demand for oil grows over much of Outlook period before plateauing in the later years.
Natural gas demand grows strongly and overtakes coal as the second largest source of energy.
Oil and gas together account for over half of the world’s energy
Global coal consumption flatlines with Chinese coal consumption seeming increasingly likely to have plateaued.
The number of electric cars grows to around 15% of the car parc, but because of the much higher intensity with which they are used, account for 30% of passenger vehicle kilometres.
Carbon emissions continue to rise, signalling the need for a comprehensive set of actions to achieve a decisive break from the past.
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