Macquarie Asset Management
Managing Director, Economist
Current issue - June 2022
*For investment professional and institutional investor use only. Not for use with the public.
Electricity is likely to account for around 50 per cent of energy consumption globally in 2050, up from the current 20 per cent.
If green hydrogen proves viable, this share could be even higher.
Wind and solar, supported by energy storage, are likely to be the mainstays of power generation in the future.
The decarbonisation of the electricity sector may require about $US53.4 trillion of capital over the next three decades.
Higher energy efficiency, structural economic shifts, and a possible “energy saturation effect” may lead to lower energy consumption in 2050 compared with today.
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