Global Outlook for Energy The Outlook for Energy is ExxonMobil’s latest view of energy demand and supply through 2040. For many years the Outlook for Energy has helped inform ExxonMobil’s long-term business strategies, investment plans, and research programs. Outlook for Energy: A perspective to 2040 Explore Key takeaways of 2040 projections Energy is fundamental for modern life Global energy demand rises by 20 percent; market demand trends differ for OECD and non-OECD Global electricity demand rises 60 percent Almost half of the world’s energy is dedicated to industrial activity Commerce and trade drive transportation energy consumption up more than 25 percent Global energy related CO2 emissions peak, but remain above assessed 2°C scenarios Oil and natural gas remain important energy sources and require significant investment Global energy fundamentals Energy is essential for human society’s progress. Economic expansion and improving access to energy enable longer, more productive lives for the growing global population. Learn more about progress and its relation to energy Energy demand: Three drivers Policy. Technology. Consumer preferences. All three impact how the world uses energy. Each driver influences the other and changes over time, with variances by region and political climate. View data through our studies and modeling Energy supply Energy – in all its forms – enables growth and prosperity. As economies grow, as technology advances, as consumers become more environmentally aware, and as policies adapt, global energy demand will evolve to meet changing needs. Review the global energy supply mix Emissions Providing reliable, affordable energy to support prosperity and enhance living standards is coupled with the need to do so in ways that reduce impacts on the environment, including the risks of climate change. This is society’s dual challenge and ExxonMobil takes it seriously. View the projections for CO2 emissions Energy matters With the world’s population estimated to reach more than 9 billion people in 2040, providing enough affordable energy to help improve global living standards is a significant challenge. We expect that continued progress, powered by human ingenuity and technology, will help make better lives possible, while appropriately addressing climate risks. Find out why energy matters Pursuing a 2°C pathway Many uncertainties exist concerning the future of energy demand and supply, including potential actions that societies may take to address the risks of climate change. Learn more about the climate challenge Download the reports 2019 Outlook for Energy: A perspective to 2040 The Outlook for Energy is ExxonMobil’s view of energy demand and supply through 2040. We use the Outlook to help inform our long-term business strategies and investment plans. 2019 Outlook for Energy: data pages Relevant data pertaining to 2019 Outlook for Energy report 2019 Outlook for Energy: glossary Glossary of terms for the 2019 Outlook for Energy report. How we develop our Outlook Monitoring policy and technology trends Throughout the process, we monitor changes in technology, such as cost decreases for solar panels, improvements in battery technology and advances in well completion technology for tight oil. We also follow policy developments, such as adopted policies and ambitions formulated in context of the Paris Agreement, the European Union’s recently adopted tailpipe emissions regulations and China’s ‘blue sky’ policies. Explore Corporate Careers News Contact us MSA Statements Privacy center Privacy policy Terms and conditions © Copyright 2003-2021 Exxon Mobil Corporation. All Rights Reserved By clicking “Accept all cookies”, you agree to the storing of optional cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. If you wish to adjust your cookie settings, please click “Customize Cookies”. You can also learn more by clicking Privacy policy Accept all cookies Customize cookies