Guest post by David Middleton
They may need to nudge the Doomsday Clock a bit closer to midnight, if ExxonMobil’s 2017 Outlook for Energy: A View to 2040 turns out to be an accurate forecast.
A few highlights:
Oil and natural gas will continue to provide 55% of the world’s primary energy through 2040. While wind and solar will continue their meteoric rise to 4%… Yes, I know meteors don’t climb.
While wind and solar capacity will grow rapidly, utilization will lag.
Even if we zero-in on electricity generation, wind and solar don’t fare much better…
Wind and solar won’t be providing 85% of the world’s electricity in 2040. Coal will still be generating twice as much electricity as wind and solar.
What about plug-in electric vehicles (PEV)? Won’t they save the world from climate change?
Full hybrids are expected to reach 15% of the global fleet. PEV’s will be a bit shy of 5%.
Any and all sarcastic remarks were intentional.
Featured image source.