Gas will become the world's primary source of energy by 2035, according to Energy Transition Outlook DNV GL's. Oil and gas will still make up 44% of the world's energy in 2050, down from 53% at present, according to the forecast. The global demand for energy is expected to level out in 2030, thanks to drastic increases in efficiency. Renewable energy will claim a larger slice of the market, with fossil fuels falling from 81% at present to 52% in 2050.
Gas will become the world's primary source of energy by 2035, according to DNV GL's Energy Transition Outlook. Oil and gas will still make up 44% of the world's energy in 2050, down from 53% at present, according to the forecast. The global demand for energy is expected to level out in 2030, thanks to drastic increases in efficiency. Renewable energy will claim a larger slice of the market, with fossil fuels falling from 81% at present to 52% in 2050.