Equinor's Energy Perspectives 2024 report, an independent energy scenario analysis, sheds light on the divergent futures of global energy markets through two distinct scenarios: Walls and Bridges. These scenarios underscore the critical choices and challenges facing the energy transition and the imperative to accelerate efforts to meet the ambitious 1.5°C target outlined in the Paris Agreement.
Eirik Wærness, Chief Economist at Equinor, emphasizes the growing complexity of the energy transition landscape, with geopolitical conflicts and economic trends impacting the pace of decarbonization efforts. Despite progress in some regions, the overall trajectory towards decarbonization faces obstacles, necessitating swift and radical changes to align with global climate goals.
The report highlights the evolving dynamics of energy supply security and affordability, particularly in Europe, where recent developments have influenced the transition agenda in various sectors. Anders Opedal, President and CEO of Equinor, underscores the importance of strategic decision-making in navigating the energy transition amidst geopolitical uncertainties and changing economic priorities.
Energy Perspectives 2024 offers valuable insights into the potential pathways for the global energy system, emphasizing the need for informed decision-making and strategic planning. By presenting alternative future scenarios based on current choices and trends, the report serves as a platform for dialogue and debate on the critical issues shaping the energy transition.
The updated Walls scenario in this year's report reflects the evolving energy landscape, while the Bridges scenario underscores the urgent need for transformative actions to achieve decarbonization goals. Equinor's commitment to transparency and scenario-based analysis provides stakeholders with a comprehensive understanding of the challenges and opportunities in the energy sector
