Global Energy

China’s Long Journey To Decarbonize

  • Natural gas has yet to hit its peak by 2030 before it begins to decline, but still has a greater role in the energy mix than oil by 2050.
  • Coal accounted for about 58% of China’s total primary energy consumption in 2019, followed by petroleum accounting for 20%.
  • Platts Analytics said it assumes China will have about 600 GW of operational coal capacity by 2050.
  • State-owned enterprises accounted for a 36% share of global energy investment in 2019, and around 40% of power, oil and gas investment.

C...

https://mfame.guru/chinas-journey-to-decarbonize/

The World May Run Out of Oil Supplies in The Next 30 Years

The world is on track to run out of sufficient oil supplies to meet its needs through 2050, despite lower future demand due to the Covid-19 pandemic and the accelerating energy transition – unless exploration speeds up significantly and capital expenditure of at least $3 trillion is put to the task, a bombshell report by Rystad Energy reveals.

Meeting global demand

To meet the global cumulative demand over the next 30 years, undeveloped and undiscovered resources totaling 313 billion barrels of...

https://mfame.guru/the-world-may-run-out-of-oil-supplies-in-the-next-30-years/