Energy Perspectives 2019:
Delaying climate action increases the challenge
Current climate actions are far from enough to put the world on a path to keep global warming well below 2 degrees. Global emissions increased in 2018 to reach an all-time high – and the longer this continues, the stronger measures will be necessary to reach common goals. The need is ever more urgent for rapid and significant change.
These are some of the findings in the 9th edition of Energy Perspectives, a report published by Equinor to provide a global review of possible macroeconomic and energy market developments towards 2050. The report particularly focuses on the challenges and opportunities related to meeting the world’s energy demand in a sustainable manner.
Recording of the presentation on 6 June 2019
Energy Perspectives 2018 - presentations and downloads
Energy perspectives 2018: a call for action
The transition to a more sustainable energy system is too slow. A sustainable development path, consistent with the 2-degree target, does not allow for further delays in policy, industry and consumer action to reduce emissions.
There is an agreement that a growing population and economic growth will increase the demand for goods, activities, and services that require energy. The challenge is to meet this growing demand while contributing to increased sustainability. This requires substantial improvements in energy efficiency and a rapid change in the global energy mix.
“There is an energy transition going on, but the speed and scope remains uncertain. We publish the Energy Perspectives report to engage, to provide insight, to discuss, to challenge, and to be challenged,” says Equinor’s Chief Economist Eirik Wærness.
Our report is being published for the eighth consecutive year. It presents three scenarios; Reform, Renewal and Rivalry, that span a vast outcome space for all important characteristics of the global energy system, such as macroeconomic development, global energy demand, GHG emissions, energy mix and oil and gas markets towards 2050.
The report shows how policy, technology and market conditions can move development in different directions, both desired and undesired.
Eirik Wærness, Chief Economist
(Presentation in Norwegian)
Silje Ask Lundberg
Espen Barth Eide