Bp energy outlook center for strategic and international. Economics at bp, to present bp s energy outlook 2035. Bp energy outlook edicion 2017 mark finley gerente general mercados energeticos globales. Bp energy outlook 2035despite the dramatic recent weakening in global energy markets, ongoing economic expansion in asia particularly in china and india will drive continued growth in the worlds demand for energy over the next 20 years. Bp s projections show oil usecombustion rising over the next 18 years. How could agreements reached at cop21 affect energy consumption. It will be a year of debate, not only on the environment, but the economy and energy in general.
Global energy demand continues to grow but that growth is slowing and will mainly be driven by emerging economies led by china and india according to the latest edition of the bp energy outlook 2035. The 2011 world energy outlook also examines a future characterized by a substantial shift away from nuclear power labelled lownuclear scenario. Gross domestic product gdp is expressed in terms of real purchasing power parity ppp at 2010 prices. The primary driver of this growth for the first half of the outlook period is the us, with china contributing the most to growth by 2035. I take great pleasure in inviting you to attend the presentation that will be given at secretariat headquarters on. The csis energy and national security program hosted mark finley, general manager for global energy markets and u. By sector, inputs to power generation account for nearly 60% of the growth. Dharmendra pradhan according to bp energy outlook, india will be the key driver of global energy demand in the next 25 years. This weeks graph is taken from the 2017 edition of its energy outlook. The outlook looks at longterm energy trends and develops projections for world energy markets over the next two decades. Fossil fuels will still be dominant in 2035, but not. Bp publishes energy outlook 2035 global energy demand continues to grow, but growth will slow down.
Among nonfossil fuels, renewables including biofuels gain share rapidly, from around 3% today to 8% by 2035, overtaking nuclear in the early 2020s and hydro in the early 2030s. Feb 07, 2014 denver, co, feb 07, 2014 marketwired via comtex on january 15, 2014, bp formerly british petroleum, one of the worlds leading international oil and gas companies, released bp energy. This is bp s view on the most likely trajectory for the. Fossil fuels will still be dominant in 2035, but not as before british oil major bp has issued its annual energy outlook, according to which oil and gas, together with coal, will remain the main source of energy powering the world economy, accounting for more than 75% of total energy supply in 2035, compared with 86% in 2015. Watch the video to see what 2035 could bring for the energy industry. At a time when our industry is focused on the rapid response to a dramatic fall in oil prices, it is instructive to look at events from a longer term perspective.
Renewable energy, excluding hydroelectric power, is expected to almost triple its share by 2035, but still only represent just 8 percent of global supply. The report shows that north america will become a net exporter of energy sometime in the next 45 years while asia becomes increasingly energy hungry. Under the new policies scenario developed by the iea, total nuclear energy output will rise by more than 70% until the year 2035. This edition endeavours to predict the likely path of global energy markets to 2035 by taking into account possible changes in policy, technology and the economy. According to bp s energy outlook, fossil fuels will continue to provide most of the worlds energy, supplying 81 percent of global supply in 2035. Bp energy outlook 2017 edition the energy outlook considers a base case, outlining the most likely path.
Moreover, major share 95% of this growth will be ensured by the developing countries. Bp s energy outlook 2035 may not be an accurate view of the future energy landscape over the next twenty years with so many variables, it would be surprising if it was but it is the basis the. The energy outlook explores the forces shaping the global energy transition out to 2040 and the key uncertainties surrounding that transition. Bp energy outlook 2035 and royal dutch shell new lens. Mit enterprise forum flagship program on the bp energy.
Bp global energy outlook 2035 columbia sipa center on. The energy outlook explores the forces shaping the global energy transition out to. Bp energy outlook 2035 what factors will shape energy markets over the next 20 years. This is the second year in which bp has made our outlook for global energy available to the public. Bp has recently published bp energy outlook 2035, looking at the future of the energy industry until 2035. The bp energy outlook 2035, published this week, contributes to the wider debate on global energy issues by asking key questions.
Bps energy outlook for 2035 us energy selfsufficient aiche. The energy outlook is produced to aid bps analysis and decision making, and is published. This estimate is only a slight decrease from last years predictions. Global demand for energy is expected to rise by 32% from 2015 to 2035, or by an average of 1. Bp energy outlook 2035 the outlook highlights the continuous change in the energy system the changing fuel mix, the changing patterns of trade as it adapts to meet the worlds growing energy needs.
It shows how rising prosperity drives an increase in global energy demand and how that. Global energy demand is expected to increase by around 30 percent between 2015 and 2035, an average growth of 1. Incropera provides a comprehensive, objective and critical assessment of all issues germane to the climate change debate. Will be energy selfsufficient by 2035 on shale, bp says. Global annual co2 emissions are likely to peak by 2035, at some 5. January 2017 this workbook contains information presented in the 2017 edition of the bp energy outlook 2035 which can be found on the internet at. Jan 15, 2014 the country, which became the worlds biggest producer of liquid energy last year, will produce more gas and coal than it consumes, bp said in its energy outlook 2035 report today. The bp energy outlook explores the most likely trends in energy markets over the next twenty years.
Watch the video below a brief overview of the report. Bp energy outlook forecasts big increase in co2 emissions. This is broken down as 2% a year to 2020, followed by 1. Bp energy outlook 2035 australian institute of energy. Bp energy outlook 2035 chief economist thoughts youtube.
The big picture shows that global energy demand continues to grow, but growth is slowing and will mainly be driven by emerging economies, led by china and india. This years outlook reveals that global energy demand continues to grow but that growth is slowing and will mainly be driven by emerging economies led by china and india. The recent bp energy outlook, just published last month, offers a harsh dose of reality, and makes grim reading for the greenies. Bp have this week published their fourth energy outlook. Interesting but scary bp energy outlook 2035 sri services. World energy demand is projected to be 37% higher in 2035 with india and china accounting for half the growth. I am glad to see this decision w as endorsed by the response we received to last years edition, which was downloaded over 36,000 times from bps website. Estelle baylis, bp energy outlook 2035 infographic on vimeo. It has trimmed 239 million tonnes of oil equivalent mtoe, or 6%, from its 2035 outlook for coal, which it now expects to be below demand in 2030.
Analysis by carbon brief shows that, for the first time, the bp energy outlook is forecasting a peak in global coal demand. Bp begins its new forecast for the energy future with the statement we project that by 2035 the us will be energy selfsufficient while. The outlook, seeking to describe the most likely trajectory of the worlds energy system, contributes to the wider debate on global energy issues by addressing key questions such as. The outlook highlights the continuous change in the energy system the changing fuel mix, the.
At this event, bp s mark finley discussed some of the key issues that will shape energy supply and demand through 2035 and explored possible alternative outcomes. This growth with more lng players is also expected to make lng markets more competitive. Bob dudley group chief executive 5 energy outlook 2035. The graph shows bp s projections of energy use to 2035, based on current trends. Bp energy outlook 2035 the outlook highlights the continuous change in the energy system the changing fuel mix, the changing patterns of trade as it adapts to meet the worlds growing energy. According to the new bp energy outlook report, despite the dramatic recent weakening in global energy markets, ongoing economic expansion in asia particularly in china and india will drive continued growth in the worlds demand for energy over the next 20 years. The bp energy outlook considers a base case, which outlines the most likely path for energy demand based on assumptions about future changes in policy, technology, and the economy. It shows how rising prosperity drives an increase in global energy demand and how that demand will be met over the coming decades through a diverse range of supplies including oil, gas, coal and renewables.
Economics, bp, on the bp global energy outlook 2035, which will be released on january 15, 2014. This is the booklet that accompanies bp s energy outlook 2030 presentation. The 2019 outlook for energy is exxonmobils latest view of energy. The outlook also examines the challenges of the energy transition underway, including how to meet the worlds increasing demand for energy while also reducing carbon emissions. By 2035, energy use in the nonoecd economies is expected to be 69% higher than in 2012. Jan 15, 2014 the bp energy outlook 2035 is our 2014 projection for the worlds energy future. The bp energy outlook attempts to describe the most likely trajectory of the global energy system based upon assumptions around economic and population growth as well as developments in policy and. Major oil and gas company, bp formerly british petroleum, is projecting a robust expansion in lng supplies which is expected to account for more than 15% of total gas demand by 2040 overtaking pipeline trade in the late 2020s. However, this growth in energy demand is significantly lower than the 3. Jan 31, 2017 global energy demand is expected to increase by around 30 percent between 2015 and 2035, an average growth of 1. Jan 25, 2017 according to the 2017 edition of the bp energy outlook, published today, global demand for energy is expected to increase by around 30% between 2015 and 2035, an average growth of 1. According to the new edition of the bp energy outlook 2035, global demand for energy is expected to rise by 37% from 20 to 2035, or by an average of 1. Our chief economist spencer dale discusses the findings of the bp energy outlook 2035.
Bp energy outlook oxford energy oxford energy network. The center on global energy policy hosted a presentation and discussion of the 2015 edition of the bp energy outlook 2035 with bp group chief economist spencer dale. The outlook shows global energy demand continuing to increase at an average of 1. The bp energy outlook 2035 is our 2014 projection for the worlds energy future. We project that by 2035 global energy consumption increases by 37% from todays levels with virtually all 96% the growth in nonoecd countries and more than half coming from india and china.
Welcome to the 2012 edition of bps energy outlook 2030. The general manger of global energy markets and us economics at bp, mark finley, will present the bp energy outlook through 2035. We hope that this years bp energy outlook 2035 can make a useful contribution to informing the discussion and shaping a future where energy is sustainable, secure and affordable. Bob dudley group chief executive 5 energy outlook 2035 6. This graph illustrates the extent to which bp s energy outlook 2035 sees renewable energy sources having a meaningful impact in the years ahead source. Also, at the bottom of the page for comparison purposes are links to the royal dutch shell new lens scenario information and pdf downloads. Bp energy outlook 2035 shows positive trends for vista. Bps energy outlook provides global energy supply and demand forecasts through 2035. Bp predicts an energy selfsufficient future by 2035. Energy consumption outlook energy production outlook according to the long term projections of global energy markets elaborated by bp one of the worlds leading international oil and gas companies global energy demand will rise by 41% between 2011 and 2035 but with gradually moderating pace. Bp energy outlook 2035 the american german business club. Feb 10, 2016 watch the video to see what 2035 could bring for the energy industry. To find out more about the bp energy outlook 2035, visit bp. This years outlook reveals that global energy demand continues to grow but that growth is slowing and will mainly.
Global energy demand continues to grow, but growth will slow down. At this event, bps mark finley discussed some of the key issues that will shape energy supply and demand through 2035 and explored possible alternative outcomes. Prospects for nuclear power discussed at iaeaiea joint. Please use these links or the tabs at the bottom to navigate between the tables. The bp energy outlook considers a base case, which outlines the most likely path for energy demand based on assumptions about future changes in. What impact would a slowdown in global economic growth have on energy demand. Global energy demand to grow 30% by 2035 bp energy outlook. According to the new edition of the bp energy outlook 2035, global demand for energy is expected to rise by 37% from 20 to 2035, or by an. We use your linkedin profile and activity data to personalize ads and to show you more relevant ads. Watch the bp energy outlook 2017 video, containing our projections of longterm energy trends to 2035.
Download the 2019 booklet or explore the fully interactive outlook. Jbs news renewable energy here is a full page of bp pdfs and some. The bp energy outlook for 203 5identifies longterm energy trends, and then develops projections for world energy markets to 2035. Feb 28, 2014 bp s 2014 energy outlook 2035 is the companys longterm projection for the worlds energy future. Feb 22, 2015 the annual energy outlook reflects our best effort to describe a most likely trajectory of the global energy system, based on our views of likely economic and population growth, as well as developments in policy and technology. Lng at the crossroads identifying key drivers and questions deloitte. The growth of new energy forms is enabled by the development of technology and underpinned by largescale investments.