Highlights Renewables to make up 27% of 2050 global energy mix Global ICE vehicle fleet to peak in 2038 with rise of EVs Oil, gas output to grow through 2050 on Asian demand Global energy demand and energy-related carbon emissions will continue to rise through 2050, with oil remaining the largest energy source just ahead of surging renewables, the US Energy Information Administration said Oct. 6 in its latest International Energy Outlook. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The 2050 projection underscores the stark challenges ahead for transitioning away from fossil fuels and curbing global warming emissions. EIA expects global energy demand to increase 47% in the next 30 years, driven by population and economic growth, particularly in developing Asian countries. This will require increased oil and natural gas production, absent technological breakthroughs or significant policy changes. Liquid fuel will make up 28% […]