The Outlook or Energy:
A View to 2030
The Outlook for Energy: A View to 2030 1
Outlook or Energy – A View to 2030
, we see manyhopeul things – economic recovery and growth, improvedliving standards and a reduction in poverty, and promisingnew energy technologies.But we also see a tremendous challenge: how to meet theworld’s growing energy needs while also reducing the impacto energy use on the environment. As the
shows, ExxonMobil expects that global energydemand in 2030 will be almost
higher than in2005, even accounting or the recession that dampenedenergy demand in 2009. Other key ndings include:
countries such as China and India, where energy usage willrise by about 65 percent.
generation, which will comprise 40 percent o global energydemand by 2030.
including nuclear and renewables (e.g., wind, solar andbiouels) will play an expanded role. The uture o energy is directly linked to the uture well-beingand prosperity o the world’s people. Today, about 1.5 billion people – a quarter o the world’spopulation – lack access to electricity. Even more lack moderncooking and heating uels. Expanding access to energy – andthe opportunities it aords – should be a shared global goal.Our energy and environmental challenges are intertwined andtheir scale is enormous. Today, energy use per person aroundthe world varies dramatically but equates to an average o 200,000 British thermal units (BTUs) a day. Globally, thattranslates to 15 billion BTUs every second.ExxonMobil believes that meeting uture energy needs whilealso reducing environmental risk will require an integrated seto solutions that includes:
economic energy sources, including oil andnatural gas
and cleaner-burning uels such as natural gas, nuclear andother renewable sources. This multidimensional approach will need trillions o dollarsin investment, and an unwavering commitment to innovationand technology that evolves over years and decades. It willrequire sound, stable government policies that enable accessto resources and encourage long-term investments andtechnological development. And it will require the globalenergy industry to operate on a scale even larger than today.Updated each year,
The Outlook or Energy
is a comprehensivelook at long-term trends in energy demand, supply, emissionsand technology. The report is built upon detailed analysis o data rom about 100 countries, incorporating publicly availableinormation as well as in-house expertise.ExxonMobil uses the
to guide its long-term investmentdecisions. We share it publicly to encourage a betterunderstanding o our company, our industry and the globalenergy challenges that we all have a vested interest in meeting.