Now in its 9th edition, the Energy Transition Outlook is DNV’s flagship report, presenting our forecast on how the world’s energy system will evolve through to 2060 both globally and in 10 world regions. For the first time, this year’s full forecast extends to 2060 to reflect the continued transformation of the energy system after 2050. Our projection shows that while the energy system will have changed significantly by mid-century, in many areas the transition will still be in mid-stride. The transition we forecast remains too slow to meet the goals of the Paris Agreement – net zero emissions is not achieved until the latter part of the century, with dangerous warming of 2.2°C by 2100.

– Jon van Oostrom, Head of Global HVDC FACTS Venture at DNV