"As many governments around the world are pressing for a “net zero” carbon emission economy by mid-century, oil exporting nations are forecasting that oil, natural gas and other fossil fuels will still provide the bulk of the world’s energy through 2045. The Organization of Petroleum Exporting Countries, commonly known as OPEC, reported in its 2021 World Oil Outlook that to meet a growing population, the world will need 28 percent more energy by 2045, and much of that will continue to come from oil and natural gas. The report paints a stark contrast the ambitious goals of many nations, which are pressing for a “net zero” energy economy by 2050, where any carbon dioxide emissions from fossil fuel use are either replaced with a carbon-free source, including renewables or nuclear power, or otherwise accounted for through other means of carbon reduction, like reforestation.

“They have these Incredibly ambitious, necessary net zero goals, and yet, in the near term, we do not have a situation where you can have renewables providing anything close to the 100 percent of power generation that people need,” said Helima Croft, managing director at RBC Capital Markets during an event hosted by the Atlantic Council Global Energy Center.

According to OPEC, global oil use is projected to go up 31 percent by 2025, then drop back to 28 percent over the next two decades. Though the OPEC report forecasts strong growth in so-called renewables, which now account for just 2.5 percent, solar and wind are projected to make up just 10 percent of the world’s energy by 2045, a mere half decade before “net zero” timetable goals for much of the developed world."

https://thewestsidegazette.com/opec-oil-will-reign-as-worlds-top-energy-source-for-decades-to-come/