Shell Sees AI Revolutionizing Energy System in New Outlook
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Artificial intelligence could lead to significant energy demand growth as the technology is implemented across industries, an acceleration that could also help to halve the system’s carbon intensity by 2050, according to a new report from Shell Plc.
As productivity improvements resulting from AI — including automation, especially in manufacturing — enable major economic growth, consumption of oil will continue to expand by three to five million barrels a day into the 2030s, before peaking and then declining slowly over a long period, Shell said. Natural gas demand could increase into the 2040s while the use of petrochemicals is likely to continue into the 22nd century.