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About Energy Perspectives

Energy Perspectives is an independent energy scenario analysis prepared annually by Equinor analysts in macroeconomics, energy markets and geopolitics.

The analysis describes development paths up to 2050 for the world economy, energy markets and energy-related greenhouse gas emissions, and includes a 1.5 degree scenario.

The scenarios are not detailed predictions but possible contrasting pathways providing a platform for debate and decision-making.

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Energy Perspectives 2023

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June 13: Video presentation by Eirik Wærness, chief economist. Video production: Holi AS, Norway, for Equinor

To deliver on global climate targets, the world needs to see an entirely different speed in the energy transition than today

Our two scenarios Walls and Bridges illustrate the difference between a change in pace and a revolution in the energy transition.

The key to the energy transition and higher energy efficiency lies in electrification, while expanding solar & wind on a large scale

June 8, 2023: Despite policy and technological progress, the 1.5-degree ambition is becoming increasingly difficult to achieve.

The world is far from being on track to meet targets and ambition set out in the Paris Climate Agreement. Increased levels of geopolitical conflict have unfortunately made the energy transition more fragmented, and positive developments are in many cases offset by negative ones.

The continued war initiated by Russia’s invasion of Ukraine and the challenges with inflation and cost of living are putting a damper on absolutely necessary energy transition measures.

Eirik WærnessChief Economist in Equinor
Eirik Wærness

This year’s insight

Energy Perspectives 2023

Balancing energy security, affordability and decarbonisation is key for a sustainable energy transition.

The two scenarios, Walls and Bridges, illustrate two very different pathways for the global energy system towards 2050. A separate deep dive on critical minerals and rear earth elements looks into the importance of growing the supply and refinement capacity to support the global energy transition.

Previous years’ Energy Perspectives reports

Here you can find our archive of previous editions of Energy Perspectives.

Energy Perspectives archive

Related pages

Energy transition plan

This is our action plan with short-term actions and medium-term ambitions necessary to realise our ambition of becoming net zero by 2050.

Published 2 May 2022