The energy transition is under way but in gross terms, the future looks a lot like the present day.
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While global population is projected to grow, future energy supply will rise more modestly in the face of decreasing per capita demand.
Renewables will rise as coal use declines. However, even if all countries meet their announced climate pledges, the global call on oil and gas will remain largely unchanged from today.
Against the backdrop of geopolitical uncertainty, preserving a steady supply of oil and gas from reliable, low-emissions resources will be key to global stability.
IEA: World Energy Supply Forecast for 2050
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