Wind and Solar to Provide 4% of Global Primary Energy by 2040!

Watts Up With That?

Guest post by David Middleton

They may need to nudge the Doomsday Clock a bit closer to midnight, if ExxonMobil’s 2017 Outlook for Energy: A View to 2040 turns out to be an accurate forecast.

A few highlights:

xom01 Oil and natural gas will continue to provide 55% of the world’s primary energy through 2040. While wind and solar will continue their meteoric rise to 4%… Yes, I know meteors don’t climb.

xom02 While wind and solar capacity will grow rapidly, utilization will lag.

Even if we zero-in on electricity generation, wind and solar don’t fare much better…

xom03 Wind and solar won’t be providing 85% of the world’s electricity in 2040. Coal will still be generating twice as much electricity as wind and solar.

What about plug-in electric vehicles (PEV)?  Won’t they save the world from climate change?

xom04 Full hybrids are expected to reach 15% of the global fleet. PEV’s will…

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