Global fossil fuel demand forecast 1965-2050, by scenario

Published by Statista Research Department, Feb 20, 2024
Global demand of fossil fuels is forecast to reach between 488 and 500 exajoules in 2023. Assuming governments are to follow through on their climate pledges to reduce fallout from carbon emissions, fossil fuel use is set to peak in 2027. Since 1965, fossil fuel demand has increased more than three-fold, rising to a peak of 497 exajoules in 2022. Assuming governments will do their part in keeping global heating under 1.5 degrees Celsius, worldwide supply of coal, oil, and natural gas would decrease to 95.6 exajoules by 2050.

Fossil fuel demand worldwide from 1965 to 2020, with a forecast until 2050 by scenario (in exajoules)

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Release date

November 2022

Region

Worldwide

Survey time period

1965 to 2020

Supplementary notes

All scenario's reflect IEA's assessment of governmental policies.
The stated policies scenario refers to policies already employed.
The announced pledges scenario reflects climate targets and pledges made by governments and assumes their successful implementation.
The remaining under 1.5 global heating scenario shows the demand volume in a world which reduces fossil fuel use in line with the Paris Climate Agreement.

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