Advances in technology will keep energy supplies plentiful and affordable – enough to meet projected demand many times over -- and help pave the way to a lower carbon energy mix, according to data published today in the BP Technology Outlook.
“Technology opens up a whole range of possibilities across the energy sector,” said Bob Dudley, BP Group Chief Executive. “It can bring great value to consumers and businesses, and it can also disrupt and challenge existing models. Today, for the first time, we are sharing our analysis of energy technologies and the options they present society in the quest for an abundant, sustainable and lower carbon energy future.”
The 80-page Technology Outlook brings together previously internal BP analysis and the work of other noted business and academic experts, setting out technology and policy choices governments and industry can make around energy resources, oil and gas supply, power generation, transport, and options for reducing carbon emissions.