videos

Issues surrounding energy transition are more important than ever, says BP

The Energy Outlook 2020 was recently published, exploring the paths of energy transition and the industry’s rapid steps towards renewable energy. The videos below give a taste of what the report is all about, with BP Chief economist, Spencer Dale, commenting that “the issues surrounding the energy transition are hugely interesting and have never been more important.”

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.‎

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