In this interivew given to BBC World News, Dr Carole Nakhle, CEO of Crystol Energy, discussed the latest outlook from the International Energy Agency regarding long term energy demand. The discussion explored how rising global consumption, accelerating electricity needs due to data centers, and supply chain realities for critical minerals are shaping a more balanced energy outlook through mid century.
Key takeaways:
The latest energy outlook by the International Energy Agency indicates continued growth in oil and gas demand through at least 2050, marking a notable shift from earlier expectations of an end-of-decade peak.
Global energy demand is rising, and the IEA’s central message is that all fuels will be needed to meet that growth while safeguarding energy security and affordability.
Renewables and nuclear remain essential for the power sector, yet on their own they are not sufficient to meet fast increasing electricity demand driven in part by data centers.
Concentration risks in critical minerals and rare earth elements are further constraining the pace of the energy transition, as shown by recent Chinese move to curb exports.
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