The recent increases in energy prices and energy shortages have highlighted how important it is for the transition from hydrocarbons to cleaner energy sources to be managed in an orderly fashion. Read more: https://marcelkooter.wordpress.com/2023/06/12/bp-energy-outlook-2023-the-energy-transition/

1. Marcel Kooter
OUTLOOK 2023: ADDITIONAL
KEY THEMES
THE BP ENERGY

2. The recent increases in energy prices and energy
shortages have highlighted how important it is for
the transition from hydrocarbons to cleaner energy
sources to be managed in an orderly fashion.
The BP Energy Outlook 2023:
Additional Key Themes

3. For example, the demand for hydrocarbons
should decrease in line with the supplies of
hydrocarbons that are available.
The Rise of Wind and Solar
Power
The increasing use of solar and wind power
will lead the decarbonization of global power
systems. These energy sources are expected
to account for most or all of the rise in power
generation. This, in turn, will necessitate a
substantial acceleration in investment in this
sector and the building of additional capacity.
The Role of Carbon Capture
Carbon capture, storage, and use will play a
key role in facilitating the rapid trajectory of
decarbonization through the capture of in-
dustrial process emissions, carbon dioxide re-
moval, and abating fossil fuels emissions.
Carbon Dioxide Removal
Avarietyofcarbondioxideremovaltechniques
will need to be deployed in order to achieve,
globally, a wide-ranging and rapid process of
decarbonization. These could include natural
climate solutions, bioenergy used in tandem
with carbon capture, and direct air carbon
capture alongside storage.

4. To learn more about the BP
Energy Outlook 2023, visit
the blog of Marcel Kooter.
Marcel Kooter