Global Changes in the Global Mix 2018 vs Stated Policies 2040
01 October 2024•
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According to stated policies by international agencies and governments, the global energy mix should change significantly by 2040, compared to 2018 actual figures. Oil is expected to drop from contributing to 31% of the world’s energy to just 28% by 2040. Meanwhile, natural gas is expected to rise significantly from 23% to become 30% of the world’s energy mix.
Coal, unfortunately is expected to stay largely the same, even with western countries shutting down their coal mines, there are many more coal mines becoming active in Asia. Solar and wind power is expected to increase by 3X in these twenty years, while modern bioenergy use will almost double, while traditional biomass (ie. Wood, charcoal, etc.) will fall out of favor.
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