What types of energy and how much energy will the world use in 2030? How will demand patterns and sources of supply evolve in countries around the world? What will be the role of new technologies in affecting the energy mix and overall energy efficiency? How much progress will have been made in curbing energy-related carbon dioxide (CO2) emissions?
These are the questions that ExxonMobil sets out to answer in The Outlook for Energy: A View to 2030. Updated each year, the Outlook analyses the trends that will shape global energy supply and demand over the coming decades.
ExxonMobil expects global energy demand in 2030 to be about 35 percent higher than in 2005. We will need to continue to expand all available energy sources to meet this substantial increase in demand. The sources must include oil, natural gas and coal, which by 2030 will continue to meet about 80 percent of the world’s energy demand. Meeting demand for energy – safely, and with concern for environmental impact – will continue to be a challenge on an enormous scale. The scale of this challenge will grow bigger as population increases and people seek better living standards. Demand growth would be far higher – with 2030 energy consumption nearly double 2005 levels – were it not for expected improvements in energy efficiency. Technology will continue to evolve and play a key role in increasing efficiency, expanding supplies, and mitigating emissions. These three elements must be pursued with vigor and constancy of purpose in order to meet our global energy and environmental challenges.