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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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Global energy industryEnergy Post. (November 3, 2022). Fossil fuel demand worldwide from 1965 to 2020, with a forecast until 2050 by scenario (in exajoules) [Graph]. In Statista. Retrieved April 27, 2024, from https://www.statista.com/statistics/1275666/fossil-fuel-supply-worldwide/
Energy Post. "Fossil fuel demand worldwide from 1965 to 2020, with a forecast until 2050 by scenario (in exajoules)." Chart. November 3, 2022. Statista. Accessed April 27, 2024. https://www.statista.com/statistics/1275666/fossil-fuel-supply-worldwide/
Energy Post. (2022). Fossil fuel demand worldwide from 1965 to 2020, with a forecast until 2050 by scenario (in exajoules). Statista. Statista Inc.. Accessed: April 27, 2024. https://www.statista.com/statistics/1275666/fossil-fuel-supply-worldwide/
Energy Post. "Fossil Fuel Demand Worldwide from 1965 to 2020, with a Forecast until 2050 by Scenario (in Exajoules)." Statista, Statista Inc., 3 Nov 2022, https://www.statista.com/statistics/1275666/fossil-fuel-supply-worldwide/
Energy Post, Fossil fuel demand worldwide from 1965 to 2020, with a forecast until 2050 by scenario (in exajoules) Statista, https://www.statista.com/statistics/1275666/fossil-fuel-supply-worldwide/ (last visited April 27, 2024)
Fossil fuel demand worldwide from 1965 to 2020, with a forecast until 2050 by scenario (in exajoules) [Graph], Energy Post, November 3, 2022. [Online]. Available: https://www.statista.com/statistics/1275666/fossil-fuel-supply-worldwide/