| |
5 Pages

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


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
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

Questions about this report?

Frequently Asked Questions
  • Europe: +44 131 243 4699
  • Americas: +1 713 470 1900
  • Asia Pacific: +61 2 8224 8898
contact us

Why Wood Mackenzie?

Wood Mackenzie, a Verisk Analytics business, has been a trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, empowering clients to make better strategic decisions with objective analysis and advice.

We work across every sector of oil, gas, power, renewables, chemicals, metals and mining, covering more than 150 countries. Our proprietary data and models are at the core of everything we do, ensuring our independent asset and company valuations are thoroughly robust and that we offer an accurate forward-looking view of economic indicators such as market supply, demand and price trends.

Our 500+ analysts are based in the regions they cover, cultivating an unrivalled depth of understanding to help clients accurately identify new opportunities, define their strategy and improve business performance.

At every stage, our teams readily collaborate and share their insight to provide an integrated perspective across entire industries. It is this unique and rigorous analytical approach that ensures we are recognised as the industry standard by the world’s most innovative organisations.