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BP Energy Outlook 2020: Energy consumption shifts away from fossil fuels by 2050

In the main scenarios of this year’s BP Energy Outlook, global energy demand continues to grow for at least part of ‎the period to 2050. However, over this time, the structure of energy demand fundamentally ‎shifts, with a declining role for fossil fuels offset by an increasing share for renewable energy ‎and a growing role for electricity. ‎Decisive policy measures, such as significant increases in carbon prices, are needed to ‎deliver a lasting reduction in emissions from energy use.‎

How the Port of Antwerp plans to become a Multi-Fuel Port

Antwerp is the fifth-largest bunkering port in the world. For this reason it aims to become a Multi-Fuel Port by 2025, meaning a port where in addition to conventional fuels, alternative, more sustainable fuels can also be made available. In the short term the Port has decided to include methanol, hydrogen gas and electrical energy in the bunkering market.

Oil to continue dominating transport sector

In its Energy Outlook for 2019, BP reports that the transport sector will continue to be dominated by oil, despite the increasing penetration of alternative fuels, and particularly electricity and natural gas. Oil used in transport will rise by 4 Mb/d (220 Mtoe), with most of that demand deriving from increased use in aviation and marine, rather than road transportation.

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