Overview
- In the revived Current Policies Scenario, global oil demand reaches about 113 million barrels per day by 2050 as overall CO2 emissions remain near today’s levels.
- In the Stated Policies Scenario, oil and coal peak around 2030 with slower declines thereafter, while renewables expand fastest across all pathways.
- The IEA says all scenarios overshoot 1.5°C without rapid additional measures, with temperatures only easing later in its net‑zero pathway that relies on carbon removal.
- Liquefied natural gas capacity is set to jump by roughly 300 billion cubic metres by 2030, a 50% supply increase linked partly to rising power demand from AI and data centers.
- Global investment in data centers is expected to hit $580 billion in 2025, exceeding annual spending on new oil supply, as separate research reports record-high 2025 CO2 emissions.