Story perspectives

Fossil Fuels to Dominate Energy Mix Until 2050

10/22/2025

Summary

Story summary

McKinsey & Company's Global Energy Perspective 2025 projects fossil fuels to account for 41–55% of global energy use by 2050, down from 64% today.
The report notes rising global energy demand, especially from emerging markets and data centers.
Natural gas will see the largest increase in consumption.
Geopolitical uncertainties and energy affordability are prioritized over sustainability.
The International Energy Agency forecasts a quadrupling of sustainable fuel use by 2035, driven by policy incentives, though many alternatives may not be competitive with fossil fuels until after 2040.

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Story summary

McKinsey & Company's Global Energy Perspective 2025 projects fossil fuels to account for 41–55% of global energy use by 2050, down from 64% today.
The report notes rising global energy demand, especially from emerging markets and data centers.
Natural gas will see the largest increase in consumption.
Geopolitical uncertainties and energy affordability are prioritized over sustainability.
The International Energy Agency forecasts a quadrupling of sustainable fuel use by 2035, driven by policy incentives, though many alternatives may not be competitive with fossil fuels until after 2040.