Energy Demand Growth Will Limit More-Ambitious Climate Goals, S&P Global Energy Study Finds

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    "url": "https://www.prnewswire.com/news-releases/energy-demand-growth-will-limit-more-ambitious-climate-goals-sp-global-energy-study-finds-302882018.html",
    "title": "Energy Demand Growth Will Limit More-Ambitious Climate Goals, S&P Global Energy Study Finds",
    "excerpt": "Holding global temperature rise to 2 degrees Celsius by end of century remains possible – though increasingly challenged – while more ambitious targets increasingly out of reach, new country-specific analysis shows NEW YORK , Sept. 17, 2026 /PRNewswire/ -- The global economy is on the cusp of a major shift where most of future global energy demand growth will come from emerging markets and developing economies (EMDEs). The new realities of meeting this demand alongside the need for energy security, resilience and affordability render more-ambitious climate goals infeasible, even with exponential growth of renewables and rapid electrification, according to a new S&P Global Energy study. The study, Multidimensional Global Energy Pathways finds energy demand from EMDEs could rise by over 60% by 2060, adding the equivalent of another China (155 EJ) to global primary energy demand. By contrast, demand from advanced economies and China is expected to be broadly flat over the longer term (despite the rise of AI and data centers) as final energy consumption rises only slowly with more electrification and improvements in energy efficiency, the study finds. As a result, most advanced economies will focus on transforming existing energy systems while EMDEs will be driven to greatly expand their systems to meet increasing demand. A large share of new low-carbon supply will be deployed in...",
    "product": "Multidimensional Global Energy Pathways",
    "summary": "S&P Global Energy has released a new study, \"Multidimensional Global Energy Pathways,\" which finds that more-ambitious climate goals are becoming infeasible due to rising energy demand in emerging markets.",
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    "article_sentence": "The new realities of meeting this demand alongside the need for energy security, resilience and affordability render more-ambitious climate goals infeasible, even with exponential growth of renewables and rapid electrification, according to a new S&P Global Energy study."
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