Fossil fuels to supply 40-60% of energy by 2050 despite clean energy push: McKinsey
A McKinsey report reveals that fossil fuels will continue to provide 40-60% of global energy by 2050, due to slower adoption of electric vehicles (EVs) and challenges in scaling clean energy technologies. Gas will remain a key energy source, stabilizing grids as renewables, though growing, are intermittent. Despite fossil fuel consumption plateauing between 2025 and 2035, investments will persist to ensure energy reliability during the transition. Global energy demand is set to rise by up…