Bp Renewable Energy Outlook

The 2020 edition of the bp energy outlook explores possible paths for the global energy transition how global energy markets may evolve over the next thirty years and the key uncertainties that may shape them.

Bp renewable energy outlook.

The expansion of renewable energy in power in rapid and net zero far outpaces the growth of primary energy increasing by around 250 ej and 350 ej respectively over the outlook around five and seven times greater than the overall increase in primary energy. The energy outlook is produced to inform bp s analysis and strategy and is published as a contribution to the wider debate. The company s 2020 energy outlook launched today looks ahead to 2050 when bp aims to be carbon zero. Bp has released its energy outlook 2020 exploring possible developments in global energy to 2050.

Three main scenarios rapid net zero and business as usual provide a range of. Bp s 2020 benchmark energy outlook underpins chief executive bernard looney s new strategy to reinvent the 111 year old oil and gas company by shifting renewables and power. Bp s energy outlook veers from the common narrative that oil demand will grow over the coming decades fuelled by the rise of the middle class in countries such as india and china and continued. Bp to supply microsoft with renewable energy to help meet the company s 2025 renewable energy goals london uk redmond washington 15 september 2020 bp and microsoft corp.

The global energy system is likely to undergo a fundamental restructuring in order to decarbonize which will create challenges and opportunities for the industry. Looking out to 2050 a decade further than in previous editions the outlook is focused around three main scenarios. Renewable energy consumption is growing rapidly in response to consumer demands and forcing competition between fuels but big changes are necessary to make lasting reductions in emissions the energy giant said. Yroylqj wudqvlwlrq 7 0ruh hqhuj 0 hvv joredol dwlrq 5dslg wudqvlwlrq 57 5hqhz gur 1xfohdu.