“ExxonMobil Global Outlook: Our view to 2050”

“ExxonMobil Global Outlook: Our view to 2050

When considering the world’s energy future, keep these truths in mind:

1. All energy types will remain in the mix.
2. Renewables will grow the fastest.
3. Coal will decline the most.
4. Under any credible scenario, oil and natural gas remain essential.
5. Lower-carbon technology needs policy support to grow rapidly but ultimately must be supported by market forces.

In 2050, the world will be different – vastly different.

Modern living standards are made possible by ready, affordable access to energy.

For the billions of people without that access even the most basic tasks of life can be extremely challenging. Looking out to 2050, the global population will continue to grow, adding to the demand for energy. Any transition that fails to affordably meet this demand along with the world’s ever-evolving needs is simply not just.”