Exxon Mobil – Global Outlook, Aug 2024

The world's population is expected to increase to nearly 10 billion by 2050, leading to a need for new ways to produce reliable, affordable energy and drive economic growth while reducing greenhouse gas emissions. It is crucial to provide access to energy in order to improve living standards and human development. Around 4 billion people currently live below the "modern energy minimum" according to the United Nations Human Development Index, indicating a lack of access to reliable energy for housing, infrastructure, jobs, and mobility. Meeting the basic energy needs of all individuals is essential to achieving the UN's goal of ending poverty worldwide. This outlook emphasizes the importance of using a variety of energy sources, including wind, solar, oil, and natural gas, in order to achieve a balance between economic prosperity, quality of life, and environmental sustainability.