Although many nations around the world are actively trying to reduce their dependence on fossil fuels, the demand for global energy is still rising. Last year, the 2017 Global Energy and CO₂ Status Report revealed that demand for energy worldwide rose by 2.1%. That’s more than double the increase we saw in 2016.
To meet this demand, nations have turned their attention back to fossil fuels. In 2017, over 70% of the growth in global energy demand was met with oil, natural gas and coal, resulting in energy related carbon emissions rising by 1.4%. But as many of us are already aware, fossil fuels won’t last forever. So the question we need to ask now is, when will fossil fuels run out?
What are fossil fuels?
Fossil fuels, as the name might suggest, have been around for quite some time. Formed millions of years ago, fossil fuels are created from the remains of living organisms, like plants and animals, which were trapped under deposits and buried. Over time, compression fossilised the remains, creating carbon-rich fuel sources such as coal, oil and natural gas.
Since fossil fuels take such a long time to be created, we can’t simply wait for more to formed. We’re also consuming these fuels at an incredible rate, meaning their reserves are running out pretty fast. However, it’s not just their unsustainability which makes them an unreliable energy source. Fossil fuels also produce a lot of CO₂ and other harmful gases when burned, leading to many environmental problems as a result of global warming.
Want to learn more about global warming? Read up on the subject via our blog, What is the greenhouse effect?
When will fossil fuels run out?
While fossil fuels were formed millions of years ago, we’ve only been using them for fuel for a fairly short period of time – just over 200 years. However, we’ve consumed a huge amount of fossil fuels since then, leading many people to ask how long it will be until they run out.
As fossil fuels are a finite resource, it’s only a matter of time before this happens – especially at the rate we’re currently using them. And once they’re gone, they’re gone.
So, when will we run out of fossil fuels? Well, the answer to that question isn’t exactly a straightforward one. Different sources will give different estimates, with no universally agreed timeframe. There are lots of different factors that need to be taken into account, such as which fossil fuel we’re looking at, our current and future usage levels, and whether we discover any more reserves.
If we keep burning fossil fuels at our current rate, it is estimated that all our fossil fuels will be depleted by 2060. New reserves will probably be found before this point, extending the deadline somewhat, but the clock is still ticking.
When will we run out of oil?
Different fossil fuels have different depletion dates. In 2017, the demand for oil rose by 1.6% - which is double the average annual rate seen over the past 10 years. With demand predominately driven by the transport sector, our oil reserves are running out faster than our other fossil fuels. In fact, if we don’t find any additional oil reserves, it’s estimated that our known oil deposits will be gone by 2052.
When will we run out of coal and natural gas?
Coal and natural gas are expected to last a little longer. If we continue to use these fossil fuels at the current rate without finding additional reserves, it is expected that coal and natural gas will last until 2060. However, the consumption of natural gas grew considerably last year, rising by 3%. China alone accounts for almost a third of this growth, and building and industry are responsible for 80% of the rise in global demand.
Despite seeing a decline in demand during 2015 and 2016, 2017 saw a 1% increase in global demand for coal – mainly due to a rise in coal-fired electricity generation in Asia. Renowned as the most polluting fossil fuel, efforts to reduce the usage of coal have been the most noticeable. In fact, in April this year, the UK was powered without the use of coal for three days in a row – the first time the fuel hasn’t been used since the 19th century.
What are the alternatives?
Renewable energy sources, such as solar and wind power, provide a viable alternative to fossil fuels. And as the name suggests, these sources are renewable and won’t run out. Not only that, but they are also more environmentally friendly, producing little or no CO₂ when generating electricity.
If you’re interested in switching to a more renewable energy supply, why not take a look at our range of electricity tariffs? All our electricity tariffs use 100% green electricity, so you can do your bit to build a more sustainable future.