Gas and variable renewables will likely continue to be the only energy sources for which demand continues to rise. However, they must work together with carbon capture and storage (CCS) technologies to secure a progressive and rapid energy transition, according to the new forecast.
DNV GL recently published the 2019 Energy Transition Outlook on the future of the energy sector through 2050, focusing on 10 important regions and the impact on 3 industry sectors: oil and gas, power supply and use, and maritime industries.
The 2019 Energy Transition Outlook provides an independent forecast of developments in the world energy mix to 2050. By 2050, they estimate gas will account for nearly 30% of the global energy supply. The outlook further reveals there is no single, defined route toward an adequate decarbonized energy mix. A combination of energy sources, primarily composed of gas and renewables, remains the quickest way to deliver a supply of affordable, decarbonized energy to consumers in the coming years.
As gas secures its place as the world’s largest energy source over the next decade, its production and consumption must be decarbonized to help achieve national and international targets for climate change mitigation.
The complete DNV GL suite of 2019 Energy Transition Outlook reports are available to download free of charge here: https://eto.dnvgl.com/2019.