BP - Energy Outlook 2023

BP's Energy Outlook 2023 explores three main scenarios for the global energy system's transition: Accelerated, Net Zero and New Momentum. These scenarios are not predictions but instead examine the potential outcomes of different assumptions about the energy transition and the uncertainties surrounding them. The scenarios are based on existing technologies and do not consider the impact of new technologies. The scenarios are not exhaustive and the probability of any one scenario playing out exactly as described is low, but they span a wide range of possible outcomes and highlight the uncertainties in the energy market up to 2050.