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Energy Transition Challenges
- McKinsey & Company reports fossil fuels will remain dominant beyond 2050, accounting for 41–55% of the global energy mix.
- Electricity demand will rise significantly, driven by data centers in North America.
- Renewables could supply 61–67% of power by 2050, per the report.
- Green hydrogen may not gain broad adoption until 2040.
- Geopolitical uncertainty and energy affordability complicate the transition, leaving emissions above the level needed for 1.5°C.
