DNV GL Publishes Annual Energy Transition Outlook

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Global spending on energy, as proportion of economic output, is set to slow sharply because the world’s energy demand will decline from 2035 onwards - that is according to DNV GL’s Energy Transition Outlook. The historically significant change in our energy needs is largely down to rapid electrification and its inherent efficiency.

The decarbonization of the energy mix will be reflected in investment trends with money spent on renewables set to triple by 2050. Conversely, fossil fuel spending will drop by around a third. Overall, the rate of energy expenditure will slow to such a degree that by mid-century, as a percentage of GDP, the world will be spending 44% less than today. Electrification and its inherent efficiency will contribute to humanity’s... ... More: Official Press Release DNV GL

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DNV GL, outlook, energy transition outlook, demand, energy, peak, efficiency, electrification