Redefining Energy cover image

Redefining Energy

151. Peak Fossil Fuels - Sep24

Sep 23, 2024
Join Kingsmill Bond, a respected Energy Strategist at RMI, as he challenges ExxonMobil's predictions about future oil demand. He argues that the fossil fuel sector is underestimating the rapid energy transition. The discussion covers the exciting potential for the Global South to leapfrog fossil fuels with renewables like solar and wind. Bond shares insight on clean technology advancements and how they may peak fossil fuel demand sooner than expected. Ultimately, he emphasizes an optimistic outlook for a sustainable energy future despite current pessimism.
25:17

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • The forecast by ExxonMobil suggesting stable oil demand by 2050 underestimates the rapid progress of clean energy technologies worldwide.
  • The Global South is breaking through barriers to clean energy adoption, with a significant number of countries surpassing key renewable investment thresholds.

Deep dives

The Peaks of Fossil Fuel Demand

Demand for fossil fuels is witnessing a series of peaks and declines, signaling significant shifts in energy consumption patterns. Key milestones include the peak in fossil fuel demand in the OECD in 2007 and the peak in the industrial sector in 2014 due to the electrification in China. Additionally, the demand for internal combustion engine vehicles peaked in 2018. These trends illustrate an ongoing transition towards cleaner energy sources, as the global reliance on fossil fuels is expected to decline markedly by the end of the decade.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode