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). 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.
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2035
When we expect the energy transition to become a reality
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20%
Of global power needs will be met by solar and wind
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20%
Of all miles travelled globally by cars, trucks, buses and bikes will use electric motors
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15-20%
New technologies market share
Read APAC Energy Buzz, the latest news and analysis from Gavin Thompson, our Vice Chair in Asia
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Asia Pacific Energy Brief
Join Angus Roger and his expert guests as they discuss the big themes affecting the Asia Pacific energy industry.
The energy transition is making its mark on Asia Pacific's major energy markets
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.
