2018 Outlook for Energy: A View 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 strategies and investments. A significant energy transition is underway, and many factors will shape the world’s energy future. These include government ambitions and policies that seek to promote prosperity while also addressing the risks of climate change. The recent Paris Agreement1 on climate change provided significant insights on governments’ intentions to reduce greenhouse gas (GHG) emissions through the inclusion in the agreement of nationally determined contributions (NDCs). Policies adopted to support NDCs will likely affect supply and use of energy across society.