Energy Outlook
Energy Outlook 2022 is focussed on three main scenarios:
Accelerated, Net Zero and New Momentum.These scenarios are not
2022 explores the
predictions of what is likely to happen or what bp would like to happen.
key uncertainties
Rather they explore the possible implications of different judgementsand assumptions concerning the nature of the energy transition.
surrounding the
The scenarios are based on existing and developing technologies
energy transition
and do not consider the possibility of entirely new or unknowntechnologies emerging.
The many uncertainties mean that the probability of any one of thesescenarios materializing exactly as described is negligible.
Moreover, the three scenarios do not provide a comprehensivedescription of all possible outcomes.However, they do span a widerange of possible outcomes and so might help to inform a judgementabout the uncertainty surrounding energy markets out to 2050.
The Outlook was largely prepared before the military action byRussia in Ukraine and does not include any analysis of the possibleimplications of those developments on economic growth or globalenergy markets.
