Charting the energy transition

Declining oil demand and its effect on market dynamics

The global energy mix is set to become far more diversified, with renewables and fossil fuels providing a significant share of world energy. Falling oil demand may lead to greater competition among oil producers as the pursuit of market share intensifies

The impact of Covid-19 on the global energy system

The disruptions associated with COVID-19 may lead to a process of deglobalization, as countries seek to increase their resilience by becoming less dependent on imported goods and services

The energy system in a carbon-neutral world

Today, fossil fuels represent 85% of total primary energy consumption. A transition to a lower carbon energy system is likely to lead to a fundamental restructuring of the ‎global energy system. Such a transition is a huge challenge, but is achievable if governments, companies and wider society pull together

The role of natural gas in a low carbon world

The role of fossil fuels declines over the next 30 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