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The Global Energy Prize annually honors outstanding achievements in energy research and technology from around the world that are helping address the world’s various and pressing energy challenges.

Gas and sun among leading sources in the structure of the world’s future fuel and energy balance

June 2, 2017


Despite slightly dropping in popularity in the next 50 and 90 years, gas will dominate among traditional energy sources, comprising approximately 24% and 21% of total energy balance, respectively. Solar energy will prevail over other clean sources, comprising over a quarter of the total energy balance by the beginning of next century, experts believe.

This year marks 15 years will since the Global Energy Prize was established, which on a yearly basis recognizes outstanding achievements in energy research and technology all over the world. To mark the occasion, the Global Energy Association has presented their outlook report entitled “Global Energy of the Future: Perspectives and Development of the World Fuel and Energy Balance” at the 2017 Saint Petersburg International Economic Forum. A number of renowned energy experts have contributed to the report, including Global Energy Laureates.

According the report, in the next 50 years, traditional energy sources will continue to play a key role in the global energy balance, however, the influence of oil and coal will diminish soon thereafter, due to a reduction in production and a shift to cleaner sources, totalling 2.1% and 0.9% of the balance by the beginning of the next century, respectively. Having said that, gas - also a traditional source - will retain its key position, slightly dropping from 27.5% in 15 years to 23.6% in 50 years, ultimately comprising 21.2% of the energy balance. Gas is seen as one of most environmentally-friendly traditional energy sources; hence the global shift to clean energy should not significantly affect its leading positions.

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