bp Energy Outlook Explores Possible Paths for Global Energy Transition

Saur Energy | Sep 14, 2020 at 9:22 AM
  • Both the Rapid and Net Zero scenarios assume a significant increase in carbon prices, reaching USD 250/tonne of CO2 in the developed world by 2050 and USD 175/tonne in emerging economies.
  • This is much lower in the BAU scenario.
  • Fundamentally restructured global energy systems: the transition to a lower carbon energy system results in a more diverse energy mix, as all three scenarios see a decline in the share of the global energy system for hydrocarbons and a corresponding increase in renewable energy as the world increasingly electrifies.