McKinsey Sees Fossil Fuels Dominating for Decades

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. McKinsey’s Global Energy Perspective 2025 offers “a chance to reflect on the lessons learned over the past decade and to look ahead to the next one,” the consultancy said. The reflection revealed that of the three energy system priorities…