McKinsey forecasts that fossil fuels will comprise 40-60% of global energy supply by 2050, amid slow EV adoption and clean energy scaling challenges.

A McKinsey report forecasts that fossil fuels will still comprise 40-60% of global energy supply by 2050, driven by slow electric vehicle adoption and clean energy scaling challenges. Global energy demand may rise 18%, primarily from emerging economies. While low-carbon sources like solar and wind could account for 65-80% of power generation, significant infrastructure investments and stable energy sources will be needed for reliability. The transition relies on critical raw materials and higher carbon pricing.

September 22, 2024
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