McKinsey: Smart technology could deliver peak oil, coal and iron ore before 2035

BusinessGreen staff
clock • 2 min read

New report suggests rapid advances in data analytics and artificial intelligence could dramatically reshape energy and industrial sectors and save global economy up to $1.6tr

Rapid advances in smart technology could fundamentally reshape the global economy and spell an end to future growth in carbon intensive coal, oil, and iron ore consumption by 2035, according to a major...

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

BusinessGreen staff
Author spotlight

BusinessGreen staff

View profile
More from BusinessGreen staff

Fields, greenhouses or vertical farms: What is the best way to grow food in a changing climate?

Changing who profits is just as important as changing what we consume

More on Efficiency

Europe wants more, greener, air conditioners - and that creates a challenge for manufacturers
Efficiency

Europe wants more, greener, air conditioners - and that creates a challenge for manufacturers

The spike in demand for air conditioning equipment means manufacturers need to get better at designing and maintaining systems to maximise efficiency, writes Essentra Components' Lilian Knauf

Lilian Knauf, Essentra Components
clock 04 August 2026 • 3 min read
Miatta Fahnbulleh wants to tackle fuel poverty - now she has to deliver
Efficiency

Miatta Fahnbulleh wants to tackle fuel poverty - now she has to deliver

The new Energy Security and Net Zero Secretary has signalled her support for tackling fuel poverty, but she's inherited a Warm Homes Plan that is yet to be finalised - and, as Andrew Warren warns, energy efficiency jobs are being lost as the wait to fill...

Andrew Warren
clock 03 August 2026 • 6 min read
Less than efficient
Efficiency

Less than efficient

The government's response to the worsening energy crisis has been broadly impressive, but the blind spot over energy efficiency is becoming ever more glaring

James Murray
James Murray
clock 17 April 2026 • 4 min read