The Future of Energy
The Jordan Oil Shale Company (JOSCO) a wholly owned company by Royal Dutch Shell plc, is well aware of the global energy challenge and through oil shale development, JOSCO is working to be an integral part in facing the growing demand of the world's energy needs.
The Global Energy Challenge
By 2050, the world’s population is expected to grow to 9 billion people, up from about 7 billion today. By 2050, the number of cars on the world’s roads will triple to 2 billion. The world is going to need more energy by mid-century to power industries, light and warm or cool homes, and meet a growing desire for mobility. Growing populations and rising affluence will cause energy demand to surge.
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Millions of people are shaking off energy poverty and climbing the energy ladder, buying their first fridges, computers and cars. China, India and Brazil are entering the most energy-intensive phase and are expected to double their energy consumption over the next 40 years. Global energy demand could double by mid-century.
Continuing to use energy as we do today, energy demand could rise even more by then. While innovation is likely to boost energy efficiency and curb demand, and supplies might be expected to grow over this period, a big gap between supply and demand is likely to remain.
To meet this rising energy demand, the world will need all the sources of energy it can get and will have to make the most of precious energy sources. Failing to meet this demand would mean greater volatility in energy markets, as well as consign millions to energy poverty.
As populations grow and energy demand surges, the strains on the environment will intensify. Many scientists agree we need to halve CO2 emissions to avoid serious climate change. Delaying action to address CO2 levels is likely to mean more drastic steps, or shocks, down the road.
How is Shell Responding
Shell is entering more challenging environments to unlock new resources and boosting production from existing fields. At the same time, Shell is using new technologies and innovative approaches to limit its impact on the environment and to find effective ways to engage with communities near its operations.
Shell is developing cleaner energy sources, such as natural gas, the cleanest burning fossil fuel. From the extraction of the fuel to the generation of electricity, natural gas power plants emit around half the CO2 of coal power plants. Natural gas complements wind and solar power, which need a highly flexible backup supply when the wind stops or the sun goes down.
Shell is working with partners to help meet the world’s future energy needs responsibly. Shell aims to be the world’s most competitive and innovative energy company by delivering more energy, cleaner energy and smarter energy.