As the world rapidly exhausts its carbon budget, there is growing momentum toward decarbonization of the global economy
Fundamental trends shaping the energy transition in the coming decade remain in place and appear resilient to the COVID-19 crisis
Fossil fuels continue to play an important role in the energy system in our Reference Case
This year’s report includes several new elements and deep dives. Specifically, we have dedicated full chapters to hydrogen, the demand outlook for coal and its role in the power sector, a perspective on the 1.5°C Pathway, and an outlook for energy investments and value pools.
https://www.mckinsey.com/industries/oil-and-gas/our-insights/global-energy-perspective-2021
