by Ewa Kochańska
The Energy Transition Outlook 2019 (Outlook), prepared by DNV GL, is a forecast of developments in the global and regional energy sector to the year 2050.
The report estimates that while the energy transition will be swift, it won't be quite fast enough to reach the "well below 2°C" global warming goal of the Paris Agreement.
On the positive side, the Outlook also determines that global energy will peak by 2030, as energy efficiency gains overtake economic growth.
Additionally, electrification fuelled by renewables will help lower energy intensity, allowing governments to spend less GDP on energy and more on innovative energy solutions.
Their choice to do so, however, will depend largely on the public pushing lawmakers to act on climate.Download PDF