Exxon raised its 2050 global carbon‑emissions outlook in annual forecast

Energy‑Press reports Exxon increased its 2050 cumulative emissions forecast to 30 billion tonnes (from 27 billion tonnes previously) and cut its 2050 carbon capture and storage (CCS) deployment forecast to about 2 billion tonnes from 3.1 billion tonnes in last year’s outlook.

In this brief: 3 sections 2 min read

- Exxon raised its estimate of cumulative carbon emissions to 2050 to ~30 billion tonnes, up from ~27 billion tonnes in the prior outlook.
- The company reportedly reduced its 2050 CCS deployment forecast to ~2 billion tonnes from 3.1 billion tonnes previously.
- Reporting contrasted Exxon’s outlook with IPCC targets and global CCS assumptions.
- Exxon reportedly expects oil and natural gas to remain more than half of global energy supply in 2050.
- The company projects coal will fall to about 15% of the energy mix by 2050, slightly higher than prior expectations.
- Report frames changes as part of Exxon’s annual long‑range outlook update.
- Lower CCS assumptions and higher emissions projections can influence Exxon’s investment choices in lower‑carbon technologies.
- The outlook shapes how investors and regulators view Exxon’s climate trajectory and capital allocation to CCS and low‑carbon projects.
- Public reporting of these metrics can affect policy discussions and reputational risk.

Read full analysis on energy-press.ru

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