In its new Global Energy Outlook, Exxon projects emissions will only fall 25% by 2050—far short of the two-thirds cut scientists say is needed for climate goals.
The gap stems from a coal resurgence, used to back up intermittent renewables, and lower-than-expected electric vehicle adoption, especially in the U.S. and Europe.
Higher energy costs are leading to public resistance, making deeper decarbonization politically and economically tougher than anticipated.
Why It Matters
Falling behind climate targets isn’t just risky—it signals that today’s energy choices are locking in tomorrow’s emissions.
Coal’s return underlines a harsh truth: renewables still need reliable backup—and that’s slowing net-zero momentum.
If policymakers and investors don’t act, progress could stall even further—making “2050” feel like a softer goal than ever.
Climate Goals on Pause?
Exxon’s outlook doesn’t just clarify its bets—it challenges our timeline, reminding us that the road to net-zero isn’t just uphill—it’s veering off course.
