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

More on Efficiency

Poll: Over two thirds of households taking steps to curb energy demand

Poll: Over two thirds of households taking steps to curb energy demand

New survey for End Fuel Poverty Coalition reveals divide between 'energy savers' and 'energy strugglers'

James Murray
clock 19 August 2026 • 5 min read
Europe wants more, greener, air conditioners - and that creates a challenge for manufacturers

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

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