4. Renewable energy will drive the shifting power market.
As the cost of renewable energy sources continues their rapid decline, their influence on the future energy landscape is compounded. Solar and wind power have extraordinary potential across numerous and diverse markets, and output for both will outpace demand. China, Europe and North America will dominate growth in wind, while emerging markets make better prospects for solar.
Looking out 20 years is complex, and there are always variables that can modify or displace the trends we see today. Technological developments, policy changes, long-term demographic shifts, and changes in economic growth or consumer trends can all influence the trajectory of energy markets.
But while the future is never certain, the interdependencies of global energy markets are clear. Our long-term energy view brings together myriad data points, timely geopolitical analyses and detailed macroeconomic insights to help guide informed decisions on emerging opportunities.