- Gas to account 29% of world energy mix by 2050
- Watch: The next generation talking about energy transition
- The road to 2050 energy transition
- How to keep emissions gap well below 2°C
- New fuels, energy efficiency to be key in meeting IMO GHG goals
- DNV GL Energy Transition Outlook: Stronger policies needed to meet climate goals
The forecast highlighted that the present energy transition is unfolding under very different technological and mission-orientated policy circumstances than previous transitions, but this is not enough to meet the agreed climate goals, such as Paris Agreement and the IMO ambitious GHG strategy.
Additionally, the Outlook forecasts a rapid energy transition. By mid-century, the energy mix will be split almost equally between fossil and non-fossil sources, with oil declining steeply after 2030, but gas continuing to grow before levelling off at 29% of the energy mix by 2050.
Other key findings suggest that, by 2032, half of light vehicles sold worldwide will be electric vehicles, while the world will spend an ever-smaller share of GDP on energy, allowing for additional investment to further speed up the transition.