“How does the world continue to produce the energy it needs to sustain consumer demand, while at the same time minimizing climate change impacts?”
“How does the world continue to produce the energy it needs to sustain consumer demand, while at the same time minimizing climate change impacts?”
Share of supply growth 2019-2050
Asia Pacific benefits from LNG imports
BCFD LNG Imports
Diverse natural gas supplies underpin new LNG exports
BCFD LNG Exports
Global oil supply and demand
MBDOE
Global natural gas supply and demand
BCFD
Energy supply evolves to meet demand projections
2050 global demand by fuel – quadrillion BTUs
Global energy supplies vary by sector
End-use energy - quadrillion BTUs
Liquids demand driven by transportation & chemicals
By region and sector – MBDOE
Liquids supply highlights the need for investment
Global liquids supply by type – MBDOE
Liquids supply highlights regional diversity
By region and type – MBDOE
Reliable natural gas grows in every sector
World – BCFD
Natural gas is growing, but coal is still predominant in non-OECD Asia
2050 - Quadrillion BTUs
Coal-to-natural gas switching reduces emissions
2050 - Global share
Gas supply diversifies & trade grows to meet rising demand
BCFD
We believe, due to continued Growing World Population & Increasing Energy Consumption, especially in the developing world, NRGY Demand will continue to Grow from today until 2050.
We believe, due to a continued growing world population and an increasing energy consumption, especially in the Developing World, energy demand will continue to grow from now until 2050.
THE FUTURE OF
NRGY
- New Renewable Projects & Energy Extraction Processes
- Reduction of CO2 & NOx emissions
- Growing Worldwide Demand & Consumption
- You, Us, & for Future Generations
THE FUTURE OF
NRGY
- New Renewable Projects & Energy Extraction Processes
- Reduction of CO2 & NOx emissions
- Growing Worldwide Demand & Consumption
- You, Us, & for Future Generations
At this point, we are all hopefully aware of the need to reduce and in some cases eliminate energy cycles whereby the bi-product contains harmful CO2 and / or NOx emissions.
At this point, we are all hopefully aware of the need to reduce and in some cases eliminate energy cycles whereby the bi-product contains harmful CO2 and / or NOx emissions.
We believe:
- The overall pace of the energy transition will be over many decades, not over many years!
- We will continue to see a moderate growth environment for natural gas but unless the extraction processes significantly decreases its carbon and N02 emissions, we see demand for oil leveling out from now until 2050!
- To fund the energy transition, a substantial increase in yearly global investment of over 50% is needed to fund most sustainable development scenarios!
- Companies will need to continue to increase their current $9 billion annual energy related research and development spending if we are to meet our ambitious climate change goals!
- Annual investment into energy infrastructure will require trillions of dollars over the course of the energy transition!
Can the carbon and NOx intensity problem be addressed in the short term?
In the short term, we believe (and have begun investing in areas) we can focus on immediately to prioritize on the low hanging fruit our industry has to offer.
This includes supporting new renewables projects, working to develop new energy extraction processes, and working to reduce sources of C02 and NOx from existing energy infrastructures (wells, process facilities).
It doesn’t stop there though! Within each of our individual companies, we are continuously working on ways to reduce sources of CO2 and NOx emissions.
This includes developing automated technologies which improves drilling times and reduces the fuel demand inputs needed to extract energy.
OUR CLIMATE CHANGE GOALS ARE BIG!
OUR CLIMATE CHANGE GOALS ARE BIG!
OUR CLIMATE CHANGE GOALS ARE BIG!
OUR CLIMATE CHANGE GOALS ARE BIG!
*Infographics sourced from: https://corporate.exxonmobil.com/Energy-and-innovation/Outlook-for-Energy/Energy-supply
