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G7 calls for the end of the fossil fuel age


G7 calls for the end of the fossil fuel age

Report summary

On June 8th, the G7 agreed to phase out fossil fuels by the end of this century. Some have called this a 'historic turning point' for the world, but the key question remains if and how quickly the world could make such a colossal transition. To help answer this question, Wood Mackenzie looks at key signposts which indicate the world is already fundamentally changing how we produce and consume energy. Regardless of government policy, are we already on a path to the end of the fossil fuel age?


What's included?

This report includes 1 file(s)

  • G7 calls for the end of the fossil fuel age PDF - 288.53 KB 5 Pages, 0 Tables, 8 Figures

Description

This Macroeconomics and Global Trends Insight report presents our research on this key topic, and draws out the implications for economies and commodity markets.

This report delivers a clear understanding of our unique global economic outlook and identify risks and uncertainties to watch out for.

Wood Mackenzie's global trends and macroeconomic analysis underpins all our commodity demand analysis, ensuring we continually deliver an integrated and consistent view.

Our comprehensive understanding of commodity markets gives us a unique insight into the pace of global development and the risks associated with it.

  • Introduction
  • Energy demand is decoupling from economic growth
  • Signposts - fundamental changes in global energy supply & demand
    • But fossil fuels will still dominate global energy supply
    • Conclusion

In this report there are 8 tables or charts, including:

  • Introduction
  • Energy demand is decoupling from economic growth
    • Decoupling energy demand from economic growth
    • Growth in clean energy versus fossil fuels
  • Signposts - fundamental changes in global energy supply & demand
    • Drop in China's energy intensity, toward US & EU28
    • China's inflection point, driven by coal demand
    • Global power shift to clean energy
    • Renewables substantial growth in key energy markets
    • Fossil Fuels will deliver 80% of global demand in 2030
    • G7 calls for the end of the fossil fuel age: Image 8
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