Energy mix outlook 2050: Natural gas only fossil fuel to rise in US, China, India; coal and oil to decline globally

Natural gas will be the only fossil fuel to record an increase in the energy mix of the United States, China, and India by 2050, even as coal and oil usage decline globally, according to a sector update by Nuvama Institutional Equities, citing S&P Global Commodity Insights.

“By 2050, gas shall be the only fossil fuel with a potential increase in the energy mix for the US, China, and India,” the report stated.

As per news agency ANI, it noted that despite a sharp rise in renewable capacity worldwide, fossil fuels will continue to dominate the energy basket in major economies.