The Outlook for Energy is ExxonMobil’s view of energy demand and supply through 2040. A significant energy transition is underway, and many factors will shape the world’s energy future. These include government ambitions and policies that seek to promote prosperity while also addressing the risks of climate change.

The share of the world's electricity generated by coal is expected to fall to about 30 percent from approximately 40 percent in 2015 as the use of lower-emission energy sources including natural gas, nuclear and renewables increases says this report.

Global energy demand will increase 25 percent between 2014 and 2040, driven by population growth and economic expansion, ExxonMobil said in the 2016 edition of The Outlook for Energy.

China and India together are expected to account for half the growth in global energy demand because these two developing economies will lead the world in terms of population size and the pace of growth in standards of living says this new report by Exxon Mobil

By 2040, global energy demand will increase by 35 percent and nine of the world’s 20 most populous cities — and one of every three people on the planet — will be in China or India. Together these nations account for half of the projected growth in global energy demand, says this new report released by Exxon Mobil.

Updated each year, the Outlook analyzes the trends that will shape global energy supply and demand over the coming decades. This year's report reveals a number of key findings about how we use energy, how much we will need in the future and what types of fuels will meet demand.

This new report released by Exxon Mobil analyzes the trends that will shape global energy supply and demand over the coming decades and projects that global energy demand in 2040 will be about 30% higher than it was in 2010.