Overview
- The 2025 World Energy Outlook lays out three paths—Current Policies, Stated Policies and Net Zero 2050—reflecting a wider range of policy uncertainty.
- Under Current Policies, oil demand climbs from about 100 million barrels a day in 2024 to 113 million by 2050, electric-vehicle sales share plateaus near 40% by 2035, and gas use grows as coal declines after peaking this decade.
- Electricity demand outpaces overall energy use growth, with renewables led by solar providing most new power and driving urgent needs for grid, storage and broader infrastructure upgrades; data center investment is set to reach about $580 billion this year.
- Global nuclear capacity is projected to rise at least one-third by 2035 after years of stagnation, with tech firms exploring SMR deals for data centers even as public concern over long-term waste persists.
- China accounts for nearly half of the nuclear capacity now under construction, and new LNG export projects lift available supply by roughly 300 billion cubic meters per year by 2030, leaving markets still exposed to geopolitical risks.