The Grand Transition – Key findings
Disruptive trends are emerging that will create a fundamentally new world for the
energy industry.
1. THE WORLD’S PRIMARY ENERGY DEMAND GROWTH will slow and per capita energy demand will peak before 2030 due to unprecedented efficiencies created by new technologies and more stringent energy policies.
2. DEMAND FOR ELECTRICITY will double to 2060. Meeting this demand with cleaner energy sources will require substantial infrastructure investments and systems integration to deliver benefits to all consumers.
3. THE PHENOMENAL RISE OF SOLAR AND WIND ENERGY will continue at an unprecedented rate and create both new opportunities and challenges for energy systems.
4. DEMAND PEAKS FOR COAL AND OIL have the potential to take the world from “Stranded Assets” to “Stranded Resources”.
5. TRANSITIONING GLOBAL TRANSPORT forms one of the hardest obstacles to overcome in an effort to decarbonise future energy systems.
6. LIMITING GLOBAL WARMING to no more than a 2°C increase will require an exceptional and enduring effort, far beyond already pledged commitments, and with very high carbon prices.
7. GLOBAL COOPERATION, SUSTAINABLE ECONOMIC GROWTH, AND TECHNOLOGY
INNOVATION are needed to balance the Energy Trilemma.
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