September 15, 2019
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Technology Revolutionizing Energy Mix but Policy Failing to Keep Pace – DNV GL Energy Transition Outlook Report
• Energy mix rapidly decarbonizing with oil set to fall sharply from 2030 onwards, leaving natural gas as the biggest single source of energy

• Share of electricity in the final demand mix will more than double from today’s level to 40% in 2050, with two thirds of that electricity provided by solar PV and wind

• Global emissions will peak in 2025, yet we still exhaust the 1.5 degree carbon budget in 2028

• The Energy Transition Outlook is DNV GL’s view on the energy future through to 2050 modeling 10 regions and the impact on 3 industry sectors. It is a forecast of the most likely path ahead