"Having good market intelligence is no longer optional in this day and age"
Rakesh Pabbi - Senior Partner
Viewing entries tagged
Fossil Fuels
Fossil fuels aren’t going anywhere. Oil, natural gas, and coal are set to represent about half of global energy consumption in 2050 and beyond, according to the tenth annual McKinsey report, which showed the biggest shift in the consultancy’s thinking on energy systems in a decade.
A report from the Boston Consultancy Group (BCG) has warned that the world may have already passed peak fossil fuel demand permanently, with the Covid-19 pandemic slashing the need for fossil fuels to levels from which they could never recover.
