BP’s Outlook to 2035 – Energy Use to Rise by a Third

IASA: Nachhaltige Luftfahrt - Sustainable Aviation

Renewables (including biofuels) grow rapidly at 6.6% p.a.

London, February 10, 2016: Worldwide energy consumption is expected to increase by 34% between 2014 and 2035, according to BP’s Energy Outlook. The extra energy is required because of the expected growth in the world economy as well as the rising global population.

This increase is projected in BP’s ‘base case’, which outlines the most likely path for energy demand by fuel based on assumptions about future changes in policy, technology and the economy. The Outlook also explores the uncertainties around the base case using a number of alternative cases.

In the base case, the world’s GDP (gross domestic product) is expected to more than double – around one-fifth of the doubling being due to population growth and four-fifths to improvements in productivity. China and India together account for almost half of the projected increase in global GDP, with OECD (Organisation for Economic Co-operation and Development) economies accounting for around a quarter.

The world’s population is projected to increase by around 1.5 billion people to reach nearly 8.8 billion people by 2035.

Virtually all of the additional energy is consumed in fast-growing emerging economies. Energy demand within the OECD barely grows. Growth in China’s energy demand slows as its economy rebalances towards a more sustainable rate.

By the final decade of the Outlook, China contributes less than 30% of global energy growth, compared with nearly 60% over the past decade.

Fossil fuels remain the dominant source of energy powering the global economy, providing around 60% of the increase in energy and accounting for almost 80% of total energy supplies in 2035.

Gas is the fastest growing fossil fuel at 1.8% per annum, with its share in primary energy gradually increasing. Oil grows steadily at 0.9% p.a., although the trend decline in its share continues. The combined increase of oil and gas over the Outlook is similar to the past 20 years.

In contrast, coal suffers a sharp reversal in its fortunes. After gaining share since 2000, the growth of coal is projected to slow sharply at (0.5% p.a.), compared with almost 3% p.a. over the past 20 years, such that by 2035 the share of coal in primary energy is at an all-time low, with gas replacing it as the second-largest fuel source.

Among non-fossil fuels, renewables (including biofuels) grow rapidly at 6.6% p.a., causing their share in primary energy to rise from around 3% today to 9% by 2035.

More than half of the increase in global energy is used for power generation as the long-run trend towards global electrification continues, particularly benefiting those who currently lack adequate access to electricity in regions such as Asia and Africa. Fossil fuels are expected to provide around 60% of the increase in energy to 2035.

For further information please visit: http://www.bp.com/en/global/corporate/press.html

Source: BP


Neste Supports a Universal Climate Agreement

Matti Lievonen: We have to de-carbonize fuels for our roads, skies and seas

Helsinki, November 18, 2015: Neste encourages businesses to be proactive in order to protect the climate. In this regard Matti Lievonen, President & CEO of Neste Corporation, made the following statement:

Evidence of climate change and the role of human activity as its main cause is compelling. A universal agreement is needed to keep global warming below 2°C. We hope this goal will be achieved at the UN Climate Change Conference in Paris. This requires action from all of us and it is very clear that industries must do their part to decrease greenhouse gas emissions.

Fair pricing of greenhouse gas emissions through taxation or emission trading, as well as measures to promote renewable alternatives, should be put in place in order to mitigate the climate effects of growing emissions. These measures are opportunities that can trigger new waves of innovation and sustainable growth.

Businesses play an important role in reducing emissions. As a technology leader and the world’s largest producer of renewable diesel, Neste encourages governments and businesses to embrace the opportunity that sustainably produced advanced biofuels provide to de-carbonize fuels on our roads, skies and seas. The use of our NEXBTL renewable diesel has been found to result in 40–90% lower greenhouse gas emissions than fossil diesel. Through the use of our NEXBTL renewable diesel, companies such as UPS and cities such as Oakland in California are reducing their emissions. Renewable raw materials can also replace fossil oil in other applications, such as plastics, and we are also exploring new and exciting opportunities in these areas.

Decreasing our own emissions is also important for Neste and energy efficiency is key in the production of our high quality fuels. Yet our most significant contribution to reducing greenhouse gas emissions is offered by our renewable products business. The reductions of emissions which results from our customers using our renewable diesel more than makes up for our own emissions. For example, in 2014 the direct greenhouse gas emissions resulting from our operations were 3.2 million tons and the reduction in emissions achieved during the year through renewable diesel produced by us amounted to 5.6 million tons.

We are also combating climate change by improving the sustainability of our supply chain. Over 70% of our renewable raw materials are waste and residue. With regard to palm oil, our suppliers are committed to Neste’s No-Deforestation and Responsible Sourcing Guidelines, developed in collaboration with The Forest Trust (TFT), and we have begun to purchase crude palm oil that has undergone a methane capture process during production.

Policies and regulations are needed to set the direction and boost investments into renewable energy. The UN Climate Change Conference in Paris is an important step in this respect and we hope a universal agreement will be achieved. However, in addition, businesses must also proactively seek to promote renewable alternatives and Neste is committed to being part of this crucial journey of the 21st century.

Matti Lievonen, President & CEO Neste Corporation

Matti Lievonen, President & CEO Neste Corporation

And I also encourage our people at Neste to take action against climate change in their own personal lives by reducing their own carbon footprint. For example, residents of Finland can take part in the Climate Pledge campaign. Climate change concerns us all and we must all be part of the solution.

Matti Lievonen

President & CEO
Neste Corporation

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