Transcription of Energy Outlook 2020 - BP
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Energy Outlook 2020 - BP
Energy Outlook2020 edition3 | bp Energy Outlook : 2020 edition2 |The Energy Outlook explores the forces shaping the global Energy transition out to 2050 and the key uncertainties surrounding that transitionThe Energy Outlook considers a number of different scenarios . These scenarios are not predictions of what is likely to happen or what bp would like to happen. Rather they explore the possible implications of different judgements and assumptions concerning the nature of the Energy transition. The scenarios are based on existing and developing technologies which are known about today and do not consider the possibility of entirely new or unknown technologies emerging. Much of the analysis in the Outlook is focussed around three scenarios : Rapid, Net Zero and Business-as-usual. The multitude of uncertainties means that the probability of any one of these scenarios materializing exactly as described is negligible. Moreover, the three scenarios do not provide a comprehensive description of all possible outcomes.
explores three main scenarios – Rapid, Net Zero and Business-as-usual – which span a wide range of possible outcomes. Those three scenarios have helped us to develop a strategy that we think is robust to the uncertainty around the pace and nature of the energy transition. Three features are common across those scenarios and they form a set
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