The energy transition is shifting up the agenda, moving from previously being considered important to now becoming something urgent; a source of great risk, but also of opportunity. Technology can deliver the future we desire – including meeting the 1.5°C warming ambition set out in the Paris Agreement. The critical questions are how and when that technology is to be applied, and the strength of decarbonization policies.
DNV GL predicts a rapid transition: by mid-century the energy mix will be split almost equally between fossil and non-fossil sources. This year, we surveyed thousands of our readers regarding whether they think our forecast is too fast or too slow; the overwhelming response is that we have got it ‘about right’.
Read more in the online report, and watch the video below.