A fossil fuel demand peak is fast approaching, but will it come soon enough?

Michael Holder
clock • 6 min read

A new report from McKinsey predicts global fossil fuel demand 'will never return to its pre-pandemic growth curve', but warns the world is still on track to badly miss its climate goals

The impact of the coronavirus crisis on the fossil fuel industry is set to bring forward the expected peak in global demand for oil and gas, according to fresh projections from McKinsey & Company, which...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Energy

 E.ON teams up with Kraken to launch AI-led smart energy management service

E.ON teams up with Kraken to launch AI-led smart energy management service

'ResidentialFlex' uses AI and machine learning to automatically shift household energy consumption to cheaper times of day

clock 29 May 2025 • 2 min read
Report: Removing gas plants from wholesale power market could slash UK energy bills

Report: Removing gas plants from wholesale power market could slash UK energy bills

Consultancy Stonehaven argues paying legacy gas-fired power plants through a regulated asset based model could shave billions of pounds off UK energy bills

Michael Holder
clock 27 May 2025 • 4 min read
Global Briefing: Renewables could cut Mexico's gas imports by $1.6bn by 2030, study claims

Global Briefing: Renewables could cut Mexico's gas imports by $1.6bn by 2030, study claims

Mexico's clean energy targets promise to boost energy security, the latest Indian renewables mega-project has been confirmed, and the flagship US offshore wind project could be back on track

James Murray
clock 23 May 2025 • 10 min read