We're Nearing Peak Fossil Fuel Demand
Small Business Labs
APRIL 8, 2021
McKinsey's Global Energy Perspective 2021 suggests the global demand for fossil fuels will peak in 2027 and steadily fall afterwards. As McKinsey's report chart below shows (click to enlarge), global coal demand peaked in 2014 and they are projecting oil demand to peak in 2029, and natural gas demand peaking in 2037. Other forecasts are even more aggressive. A recent report by the International Energy Agency suggests oil supply and gasoline demand may have already pe
Let's personalize your content