Charting the energy transition
Introducing a new series based on the analysis in bp’s 2020 Energy Outlook
Each article in this series will be written by one of bp’s subject matter experts and will explore a different element of the energy transition and the role it could play in a low-carbon future.
“The energy transition is accelerating, and the world of energy is becoming more complex and more varied than ever before.”
Spencer Dale, group chief economist
2020 was a pivotal year for climate action. There is now real momentum behind efforts to achieve the Paris goals. And companies will play a central role in delivering these targets – many of those companies, who like bp, have set out a path to transition their business to net zero.
We do not have all the answers, and we know that there is no one path to net zero. We hope by sharing the information that underpinned bp’s strategy, we can contribute to the conversation and learn from others.
The role of natural gas in a low carbon world
The role of fossil fuels declines over the next thirty years, but natural gas remains more resilient as it supports the shift away from coal and provides a source of near-zero-carbon energy, when combined with CCUS, as the world increasingly decarbonizes.
Carbon pricing and emissions-heavy crudes
The first in our series looks at the impact of carbon pricing on the supply of the most emissions-heavy crudes
Not all crudes are made in the same way. Different crudes have different carbon intensities and those differences could have a significant impact on cost and competitiveness, depending on carbon prices.
Energy Outlook 2020
Explore the report, download the data or watch the replay of Spencer Dale's 2020 presentation
