Global Energy Outlook 2024: Peaks or Plateaus?

The trajectory of global energy consumption stands at a pivotal juncture, presenting critical choices between witnessing peaks or plateaus across various sectors.

Here are the primary highlights shaping the landscape:

🔥 Fossil Fuels: Projections indicate that coal, oil, and natural gas are poised to reach peak consumption before 2030, yet maintaining substantial levels through 2050 in various scenarios. Achieving climate objectives necessitates a swift decline, resembling more of a peak than a plateau.

🌱 Carbon Removal Technology: Despite contentious debates, carbon dioxide removal (CDR) technologies are indispensable for constraining global warming to 1.5°C or 2°C by 2100. The rapid deployment underscores the imperative for robust standards and measures to avert potential new environmental challenges.

⚙️ Metal and Mineral Demand: The demand for energy-related metals and minerals is projected to surge, particularly under Ambitious Climate scenarios, prompting concerns regarding supply costs, geopolitical implications, and local repercussions.

☢️ Nuclear Energy: At COP28, 22 nations committed to tripling nuclear energy capacity by 2050, signaling a bold initiative. However, achieving this objective requires a resurgence in growth rates not witnessed since the 1980s.

🇨🇳 China’s Transition: The anticipated energy demand in China is experiencing a significant downward revision, driven by demographic shifts and economic hurdles. This, coupled with new policies, is reshaping the trajectories of coal utilization and emissions.

The future of energy unfolds with dynamism and intricacy, yet with strategic foresight and innovative approaches, we can navigate towards a sustainable trajectory.

Ref: https://lnkd.in/d2YdAwcw