Bp Renewable Energy Outlook

The company s 2020 energy outlook launched today looks ahead to 2050 when bp aims to be carbon zero.

Bp renewable energy outlook.

Yroylqj wudqvlwlrq 7 0ruh hqhuj 0 hvv joredol dwlrq 5dslg wudqvlwlrq 57 5hqhz gur 1xfohdu. Bp s 2020 benchmark energy outlook underpins chief executive bernard looney s new strategy to reinvent the 111 year old oil and gas company by shifting renewables and power. Renewable energy consumption is growing rapidly in response to consumer demands and forcing competition between fuels but big changes are necessary to make lasting reductions in emissions the energy giant said. Looking out to 2050 a decade further than in previous editions the outlook is focused around three main scenarios.

Three main scenarios rapid net zero and business as usual provide a range of. But the outlook is only one source among many when considering the future of global energy markets and bp considers a wide range of other analysis and information when forming its long term strategy. The energy outlook is produced to inform bp s analysis and strategy and is published as a contribution to the wider debate. Bp to supply microsoft with renewable energy to help meet the company s 2025 renewable energy goals london uk redmond washington 15 september 2020 bp and microsoft corp.

The energy outlook explores the forces shaping the global energy transition out to 2050 and the key uncertainties surrounding that transition. Bp has released its energy outlook 2020 exploring possible developments in global energy to 2050. Bp s energy outlook veers from the common narrative that oil demand will grow over the coming decades fuelled by the rise of the middle class in countries such as india and china and continued. The expansion of renewable energy in power in rapid and net zero far outpaces the growth of primary energy increasing by around 250 ej and 350 ej respectively over the outlook around five and seven times greater than the overall increase in primary energy.