Annual Energy Outlook 2020

Annual Energy Outlook 2020

The Annual Energy Outlook presents an assessment by the U.S. Energy Information Administration of the outlook for energy markets through 2050.

Full report  PDF  PPT

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Note: Chart data can be accessed by right-clicking the chart in the PPT file.

Key takeaways from the Reference case include:

• In the U.S. Energy Information Administration’s (EIA) Annual Energy Outlook 2020 (AEO2020) Reference case, U.S. energy consumption grows more slowly than gross domestic product throughout the projection period (2050) as U.S. energy efficiency continues to increase. This decline in the energy intensity of the U.S. economy continues through 2050.

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• The electricity generation mix continues to experience a rapid rate of change, with renewables the fastest-growing source of electricity generation through 2050 because of continuing declines in the capital costs for solar and wind that are supported by federal tax credits and higher state-level renewables targets. With slow load growth and increasing electricity production from renewables, U.S. coal-fired and nuclear electricity generation declines; most of the decline occurs by the    mid-2020s.

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• The United States continues to produce historically high levels of crude oil and natural gas. Slow growth in domestic consumption of these fuels leads to increasing exports of crude oil, petroleum products, and liquefied natural gas.

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• After falling during the first half of the projection period, total U.S. energy-related carbon dioxide emissions resume modest growth in the 2030s, driven largely by increases in energy demand in the transportation and industrial sectors; however, by 2050, they remain 4% lower than 2019 levels.

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All key takeaway infographics