Exxon Assumes Slower Oil, Gas Demand Declines

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The world in 2050 will be "different," Exxon Mobil emphasizes in its newly published energy outlook, which assumes slower declines in oil and gas demand versus comparable expert outlooks and more or less aligns with the supermajor's projections from last year. While the global population is expected to grow by 25% and GDP per capita by 85% between now and midcentury, the US supermajor sees energy demand increasing by only around 15% and global greenhouse gas emissions 25% lower than today, at 25 billion tons of CO2 in 2050. This is indeed remarkable but very far from the Paris Agreement's target to reach carbon neutrality by 2050 or soon after.

Oil Demand, Gas Demand, CO2 Emissions, Carbon Capture (CCS), Renewable Electricity , Corporate Strategy
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