The Outlook for Energy: A View to 2040 (2016)
The Outlook for Energy is our long-term global view of energy demand and supply. Its findings help guide our long-term investments and we share The Outlook to help promote better understanding of the issues shaping the world’s energy future.
Several themes remain true today: Modern energy is fundamental to our standards of living; practical options for meeting people’s energy needs continue to expand, including those related to efficiency; and the energy industry is huge, growing and connecting regions through trade.
From 2014 to 2040, we see global demand for energy rising by 25 percent. To keep pace with demand, the world will need to pursue all economic energy sources. In 2040, oil and natural gas will likely be nearly 60 percent of global supplies, while nuclear and renewables will be approaching a 25 percent share. By understanding the trends described in The Outlook, we can better anticipate how much – and which kinds of – energy the world will need in the future. This insight helps guide our investments as we work to help safely meet the world’s need for affordable, reliable energy – the energy that helps create and add value to modern living for people everywhere.