New Delhi, Sept. 15 -- By 2050, natural gas will be the only fossil fuel to see an increase in the energy mix of the United States, China, and India, even as coal and oil decline globally, according to a sector update by Nuvama Institutional Equities, citing S&P Global Commodity Insights.

'By 2050, gas shall be the only fossil fuel with a potential increase in the energy mix for the US, China, and India," noted the report

The report noted that despite the sharp rise in renewable energy capacity worldwide, fossil fuels will continue to dominate the energy basket in major economies. Renewables are expected to rise from 4 per cent currently to around 20 per cent by 2050, while fossil fuels will still account for more than 50 per cent.

"In...