Fossil Fuels To Dominate Global Energy Use Past 2050, McKinsey Says

McKinsey Forecasts Fossil Fuels at 41-55% of Energy by 2050 Amid AI Surge

In a stark assessment that challenges optimistic timelines for a clean energy transition, a new report from consulting giant McKinsey & Company projects that fossil fuels will continue to play a dominant role in global energy consumption well beyond 2050. The analysis, detailed in the firm’s Global Energy Perspective 2025, forecasts that oil, gas, and coal could account for 41% to 55% of the world’s energy mix by mid-century, even as renewable s…

Fossil Fuels To Dominate Global Energy Use Past 2050, McKinsey Says

Oil, gas and coal will continue to dominate the world's energy mix well beyond 2050, as soaring electricity demand outpaces the shift to renewables, according to a new McKinsey report. From a report: McKinsey expects fossil fuels to account for about 41-55% of global energy consumption in 2050, down from today's 64% but higher than previous projections. U.S. data-center-related power demand is expected to grow nearly 25% a year until 2030, while…

Fossil Fuels to Dominate Global Energy Use Past 2050, McKinsey Says - Energy News, Top Headlines, Commentaries, Features & Events

(Reuters) – Oil, gas and coal will continue to dominate the world’s energy mix well beyond 2050, as soaring electricity demand outpaces the shift to renewables, according to a new McKinsey report. WHY IT’S IMPORTANT Continued use of fossil fuels poses a major challenge to achieving global net-zero climate targets. Electricity demand will rise mainly ...

ESG News Recap: EU Funding to Help with Carbon Border Tariffs

Impakter EU to Support Countries Hit by Carbon Border Levy Today’s ESG Updates EU Offers Aid for Carbon Border Tariff Impact: €200B “Global Europe” fund to help developing nations cut emissions ahead of 2026 CBAM rollout Nestlé to Cut 16,000 Jobs Under New CEO: Cost-saving plan aims for CHF 3B by 2027, with most cuts affecting white-collar roles Fossil Fuels to Dominate Beyond 2050: McKinsey […] The post EU to Support Countries Hit by Carbon Bor…

EU plans support for countries affected by carbon border levy

By Kate Abnett BRUSSELS (Reuters) -The European Union will offer development funding to countries affected by the bloc's carbon border tariff, the European Commission said on Thursday, as it attempts to soothe developing economies' concerns over the po...