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% renewables in primary energy consumption

Renewable energy sources will account for 46% of global primary consumption by 2050.

% renewables in primary energy consumption

Renewable energy sources will account for 46% of global primary consumption by 2050.

Renewable energy sources will account for 46% of global primary consumption by 2050.

Renewable energy sources will develop everywhere, and account for over 40% of primary energy in most world regions by 2050 (EnerBlue scenario, consistent with NDCs & announced pledges). A quick acceleration of renewable uptake is projected by 2030, with further development continuing to 2040 and beyond.

Breakdown by region | EnerBlue scenario
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Trend over 2000 - 2050 - EnerBlue scenario

World

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EnerFuture: Global Energy Forecasts

EnerFuture provides energy projections up to 2050. Our service offers clear insight into the future of energy demand, prices and GHG emissions.

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MACC: Marginal Abatement Cost Curves

Enerdata's long-term MACC allow you to gain unique insight and comprehensive data from the globally recognised POLES model.

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13

Jun

The US Energy Information Administration (EIA) has published its June edition of its Short-Term Energy Outlook, in which it expects US oil output to grow by 2% to 13.2 mb/d in 2024, about 40,000 bbl/d higher than its previous forecast in May, and by another 4% in 2025 to 13.7 mb/d. Global consumption of liquid fuels is expected to increase by 1.1 mb/d in 2024 and 1.5 mb/d in 2025, with most of it being from non-OECD countries. The report changes its previous report of May 2024 regarding global oil output due to the OPEC+ producer group plans to raise output from the fourth quarter onwards. According to the report, the EIA expects a decline in global oil inventories through the first quarter of 2025 and put upward pressure on oil prices. The US marketed natural gas production to fall by 1% in 2024 because of low natural gas prices, while production is expected to grow by 2% in 2025 as natural gas prices rise. 

02

May

The Philippines’ Department of Energy (DOE) expects that nearly 4.2 GW of new power projects to be commissioned in 2024, mixing renewables and conventional sources. This includes the start of commercial operation of a record solar power capacity of nearly 2 GW (1,985 MW) that should be commissioned in 2024, and two large thermal power plants, namely the 1,320 MW (4x440 MW) Batangas CCGT power project and the 600 MW (4x150 MW) Mariveles coal-fired power project (unit 1 already operational and 3 other units under testing and commissioning). In addition, at least 590 MW of battery energy storage should be commissioned during the year.

30

Apr

The Russian Ministry of Economic Development has confirmed the official forecasts for gas production in Russia for the 2024-2027 period. Gas production in the country should reach 666.7 bcm in 2024, 695.4 bcm in 2025, 707.5 bcm in 2026 and 727.3 bcm in 2027. The ministry has also unveiled a conservative forecast alongside the baseline one, with production reaching 654 bcm in 2024 and potentially standing at 659 bcm for 2025, 666 bcm in 2026 and 671 bcm for 2027.

25

Apr

The Russian Ministry of Economic Development has lowered its forecasts for the country's crude oil export prices over the 2024-2027 period to US$65/bbl. The forecasts were cut from previous estimates of US$71.3/bbl for 2024, US$70.1/bbl for 2025 and US$70/bbl for 2026.