Global Energy Outlook 2024: Peaks or Plateaus?

Watch Resources for the Future (RFF) RFF Live Event, “The Global Energy Outlook 2024: Peaks or Plateaus?” from April 2, 2024. This event coincided with the release of the 2024 Global Energy Outlook—RFF’s annual report that synthesizes global energy market projections and analysis from leading energy organizations and corporations—and an accompanying interactive web tool. The only report of its kind, RFF’s 2024 Global Energy Outlook harmonizes analyses from other organizations to allow for a clear understanding and easy comparison of potential future energy markets, climate trajectories, and policy options at global, regional, and national levels.

The event featured an in-depth panel discussion on the long-term trajectory of the global energy system, along with contemporary issues such as Russia’s war in Ukraine, US fossil fuel exports, and more. In particular, the event examined whether fossil fuel use will peak and then decline or whether it will plateau, remaining high for decades and scuttling international climate goals. It also featured a discussion on the changing energy trajectory for China, the future of critical minerals, the role of controversial emerging technologies such as carbon capture, and more.

The 2024 Global Energy Outlook includes projections from bp; Enerdata; Equinor; ExxonMobil; the International Energy Agency; the Organization of the Petroleum Exporting Countries; Shell; and the US Energy Information Agency.

[ahmadhuseynli]

Penetration of renewable depends highly on inflation rate and borrowing rate. Consider high interest rates then solar installations would significantly slow down as we saw in 2023 and 2024 post covid up to 2027 as projections go. I see it being nowhere considered properly .