Everything you need to know about the energy transition
The age of power and renewables has already begun. How will the global energy value chain respond to the great fuel switch? Find out more below about the future of renewable energy and what the energy transition could mean for your business.
Energy transition: Frequently asked questions
What is the energy transition?
An energy transition disrupts the status quo. A new energy source emerges, leading to a structural and permanent change in supply, demand, energy mix and prices.
The energy transition currently underway is about a transformational switch away from fossil fuels and into renewable and clean sources of energy (solar, wind and water). This has only accelerated due to coronavirus and the resultant impact on oil prices. More efficient use of energy (using technology such as LEDs, compact fluorescent lights, smart thermostats and appliances) and biofuels also feature.
What is driving the current energy transition?
Powering the energy transition is a technology-based switch from fossil fuels to renewables, supported by an almost ubiquitous societal push towards a sustainable future. There are two primary enablers – renewables and electrification. But they are out of kilter. Renewables growth is well ahead of electrification trends but, in time, the two will converge. This is the ‘point of singularity’, when the world rings out the old and rings in the new, welcoming the future of alternative energy.
What does the energy transition mean for my business?
The global energy transition is unstoppable, but uncertainty remains. What if it accelerates? What if legislation is slow to catch up? Get detailed analysis on the future of renewable energy for your industry and sector below.
When we expect energy emissions to peak
Annual investment needed to build new energy supply capacity
Peak demand for oil in our base case
Wind and solar's contribution to power generation by 2040 in our base case
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The energy transition is already underway. What could it mean for your business?
- How will global energy demand evolve in a low-carbon future?
- What might be the impact of carbon regulation on the chemicals sector?
- What impact will increasing penetration of electric vehicles have on the power sector?
Talk to a consultant with expertise in your sector and region today.
Energy transition products and services
Emissions Benchmarking Tool
Inform strategic decisions regarding emissions risk management via competitive benchmarking, portfolio analysis and economic impact assessment.
Energy Transition Service
Quantify the pace and change of the energy transition across all commodities, markets, technologies and segments.
Global Trends Service
Understand the implications for global energy supply and demand with 'beyond the base case' scenarios across all fuels sectors.
Electric Vehicle Service
Connect the moving parts between oil, mining, fuel, power and infrastructure industries to gain a full view of electric vehicles' global market impacts in a one-stop solution.