Bp Energy Outlook 2018

Welcome to the 2018 edition of bp s energy outlook the publication of bp s energy outlook provides an opportunity to step back from the here and now and consider some of the lessons and insights the outlook contains about where energy is heading over the.

Bp energy outlook 2018.

This is better than 0 1 growth in china s energy consumption and 0 3 expansion. Bp provides a worldwide view of energy supply and demand through 2040 in its energy outlook 2018. With the share of hydrocarbons in primary energy declining from around 85 in 2018 to between 70 20 by 2050 and the share of renewable energy. Economy continues through 2050.

This would be entirely unprecedented. It indicates how rising prosperity is driving an increase in global energy demand and how that demand may be met over the coming decades through a diverse range of. This decline in the energy intensity of the u s. Three main scenarios rapid net zero and business as usual provide a range of.

The outlook highlights that fossil fuels accounted for 85 of primary energy demand in 2018 but that by 2050 they may represent only 65 to 20 of the share. Bp its annual energy outlook 2020 said india s primary energy consumption growing by 2 5 between 2018 and 2050. Regardless all three scenarios see the consumption of coal oil and natural gas dropping while the role of renewable energy is set to soar. Energy information administration s eia annual energy outlook 2020 aeo2020 reference case u s.

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. Energy consumption grows more slowly than gross domestic product throughout the projection period 2050 as u s. Energy efficiency continues to increase. Bp has released its 2020 energy outlook.

The energy outlook explores the forces shaping the global energy transition out to 2050 and the key uncertainties surrounding that transition. The global energy system is likely to undergo a fundamental restructuring in order to decarbonize which will create challenges and opportunities for the industry. Looking out to 2050 the outlook is focused around three main scenarios.