News Post
DNV GL's "2019 Energy Transition Outlook" on Gas, Renewables, CCS
Gas and variable renewables will be the only energy sources for which demand is higher in 2050 than today. However, they must work together alongside greater uptake of carbon capture and storage (CCS) to secure a rapid energy transition, according to a new forecast of the energy transition by DNV GL.
- DNV GL’s 2019 Energy Transition Outlook forecasts gas and variable renewables to be the only energy sources in higher demand globally in 2050 than they are today
- There is no single pathway to a decarbonized energy mix. Oil and gas must be decarbonized for countries to meet climate change mitigation targets
- Carbon capture and storage (CCS) will not be employed at-scale until the 2040s without governments enacting policy and industry reducing the technology cost
- With support from CCS, integrated hydrocarbon and renewable energy technologies offer significant potential to help achieve climate goals.
DNV GL’s suite of 2019 Energy Transition Outlook reports are available to download free of charge from their website https://eto.dnvgl.com/2019/
The main ETO report covers the transition of the entire energy mix to 2050 globally, and in 10 world regions. It is accompanied by three supplements forecasting implications for the oil and gas; power supply and use; and maritime industries.
Source; DNV GL
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