Join us for DNV’s long-standing and popular 1-hour breakfast event on 28 September 2023 in Copenhagen or via live stream.
The energy transition will have far-reaching implications for virtually all sectors across the world, as the demand for more renewable energy increases. The global transport system is no exception, as it is currently responsible for a quarter of global greenhouse gas (GHG) emissions.
As evidenced by DNV’s Transport in Transition report the transport sector’s energy demand is by far the most dynamic among the energy demand sectors. Although transport services will grow significantly in the next 30 years, the overall energy demand in the transport sector will grow only slightly from 105 EJ/yr in 2020 to 114 EJ/yr in 2050. Between 2021 and 2050 there will be a 45% drop in the use of oil for transport, which equals a reduction of 24 million barrels of crude oil each day.
The transition in transport will be fuelled by an increase in the use of electricity, biofuels, hydrogen, and hydrogen-based fuels. Transport subsectors reliant on synthetic electrofuels (e-fuels) and biofuels or hydrogen for decarbonization face higher operating and capital costs that need to be absorbed into wider value chains and incentivized by wise policy choices.
Much of the transportation sector will decarbonize, but how? What role will for example hydrogen and its derivatives play? And where? What kind of risks will we face and how do we tackle them? Is the transition bankable – and if not, how can we make it so?
You can join us for the physical event in Copenhagen or attend via live stream. For those physically present, there will be a simple breakfast and ample opportunity to connect with peers and business partners before and after the programme.
Please indicate your preference when registering.