"According to Exxon's own outlook, global oil demand is set to reach 116 million barrels a day by 2030, up sharply from 86 million barrels a day today.
Meanwhile, renewable fuels, like solar, wind and biofuels, will grow at a brisk pace but they will account for just 2 percent of the world's energy supplies by then, according to Exxon, while oil, gas and coal will represent 80 percent of global energy needs by 2030. "
I believe that is quite a dismal outlook for renewable energy. It only takes one technology to enter the market, that will change the game forever. It is common sense:
“Thirty years from now there will be a huge amount of oil—and no buyers. Oil will be left in
the ground. The Stone Age came to an end, not because we had a lack of stones, and the Oil
Age will come to an end not because we have a lack of oil. . . .[Fuel cell technology] is coming
before the end of the decade and will cut gasoline consumption by almost 100 per cent. . . .On
the supply side it is easy to find oil and produce it, and on the demand side there are so many
new technologies, especially when it comes to automobiles.”
—Sheikh Zaki Yamani,
Oil Minister of Saudi Arabia (1962–86), June 2000
In Bill Gates' appearance at TED
, he outlined some key principles in getting to the ultimate goal of Zero Emissions. The biggest take home message is, is that we need lots of innovators and lots of investment.