ExxonMobil Global Outlook:
Our view to 2050
Energy use and economic development are inseparable. Where there is energy poverty, there is poverty. And where energy availability rises, living standards rise as well.
We begin creating the Outlook by looking at fundamental drivers including population, living standards, and consumer preferences.
Explore the fundamentals
Global energy fundamentals
Energy is essential for human society’s progress. Economic expansion and improving access to energy enable longer, more productive lives for the growing global population.
Energy demand: Three drivers
Policy. Technology. Consumer preferences. All three impact how the world uses energy. Each driver influences the other and changes over time, with variances by region and political climate.
Energy – in all its forms – enables growth and prosperity. As economies grow, as technology advances, as consumers become more environmentally aware, and as policies adapt, global energy demand will evolve to meet changing needs.
Providing reliable, affordable energy to support prosperity and improve living standards is coupled with the need to do so in ways that reduce risk to the environment, including climate change.
How we develop our Outlook
Monitoring policy and technology trends
The Company monitors changes in technology and policy, for example solar panel pricing, battery efficiency, the European Union’s tailpipe emissions regulations, and China’s coming 14th five-year plan.