This year’s edition – which collects and analyses energy data for 2019 – highlights the global energy trends emerging prior to the current Covid-19 pandemic.
While some aspects – such as the continuing strong growth in renewables – offer encouragement that the world is moving onto a more sustainable path, others – including continuing persistent growth in carbon emissions – underline the scale of the challenge for the world to reach net zero.
Introducing the Review, Bernard Looney, bp chief executive officer, says: “As the world emerges from the Covid-19 pandemic, it feels like we are at a pivotal moment.
“Net zero can be achieved by 2050. The zero-carbon energies and technologies exist today – the challenge is to use them at pace and scale, and I remain optimistic that we can make this happen.
“For bp, the pandemic has only reinforced our commitment to our ambition to become a net zero company by 2050 or sooner and to help the world get to net zero, by highlighting both the fragility of our planet and the opportunities it provides to truly build back better.”
Key findings from the bp Stats Review 2020 include:
Spencer Dale, bp chief economist, adds: “Global energy markets have been severely disrupted by the pandemic. bp’s Statistical Review highlights the key energy trends emerging before Covid-19 and I hope it will be a valuable source of information as the world emerges from the pandemic and transitions towards net zero.”
The bp Statistical Review of World Energy and other related materials are available online at www.bp.com/statisticalreview.
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