During 19-20 October 2009, the Royal Swedish Academy of Sciences arranged the international symposium Energy 2050 in Stockholm. The symposium was held in association with the Swedish EU presidency in autumn 2009. Internationally renowned scientists assessed the energy issue in a broad perspective, with particular emphasis on the possibilities of a fossil-free future. The symposium focused on key topics emanating from the in-depth energy studies carried through by the Academys Energy Committee since 2005. The world community is facing a challenge of historic proportions to define a new energy paradigm based on fossil-energy substitutes. This article gives an overview of the current global energy situation (2007) and of the technologies which have the major potential for supplying energy up to year 2050 without jeopardizing the CO(2) emission targets.