Bp Renewable Energy Outlook

But the outlook is only one source among many when considering the future of global energy markets and bp considers a wide range of other analysis and information when forming its long term strategy.

Bp renewable energy outlook.

Today announced that they have agreed to collaborate as strategic partners to further digital transformation in energy systems and advance the net zero carbon goals 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 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. Three main scenarios rapid net zero and business as usual provide a range of.

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. Yroylqj wudqvlwlrq 7 0ruh hqhuj 0 hvv joredol dwlrq 5dslg wudqvlwlrq 57 5hqhz gur 1xfohdu. 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.

The energy outlook explores the forces shaping the global energy transition out to 2050 and the key uncertainties surrounding that transition. Bp has released its energy outlook 2020 exploring possible developments in global energy to 2050. 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. The global energy system is likely to undergo a fundamental restructuring in order to decarbonize which will create challenges and opportunities for the industry.