The future of oil is by 2027 and the future of renewable energy by 2050

aggregate demand of petroleum Electric mobility will reach its peak between 2025 and 2027 due to increased penetration, while renewable energy will triple between now and 2050, representing 50% of electricity generation. Lightning According to the ‘Global Energy Perspective 2022’ report prepared by consulting firm McKinsey & Company, between 80% and 90% of the world in 2030 and 2050.

Hydrogen demand

The findings of the analysis also included estimates that hydrogen demand would grow by between four and six times between now and 2050, “driven primarily by road, maritime and aviation transport”, and that it is estimated to account for 10% of consumption. will represent. World of the final energy in that time horizon.

Despite the rapid growth of the world economy and population, the calculated 2 billion peopleGrowth in energy consumption is projected to slow, “an increase of only 14% by 2050.”

On the other hand, the report suggests that the future growth of energy investment will be driven “almost entirely” by renewable and decarbonization technologies.

Meanwhile, carbon capture, storage and use (CCUS) technology has been positioned as “one of the most suitable levers for decarbonization” based on near-non-penetration. Current and with investment opportunities that “exceed existing liquefied natural gas (LNG) markets.”

“By 2050 it will be necessary to capture two to four gigatonnes of CO2 via CCUS, which is equivalent to 10% of current emissions. removal of a substance from a substance heavy industries in which fossil fuels play an important role”, underlined David Gonzalez, senior partner at McKinsey and leader of the consulting firm’s energy and materials practice in Spain and Portugal.

solar and wind

The company’s analysis also indicates that energy such as solar or wind power has also been affected by technological advances and Customization of supply chain.

“In fact, the cost of solar power has already been halved, while the cost of wind power has come down by almost a third. As a result, 61% of new renewable capacity installation is already underpriced. Alternative of fossil fuels”, claims the consultant.