Can we transition from oil and Gas ?


Can we transition from oil and Gas ? 

The general consensus on the global energy Insights is that the core energy commodities will follow these trends : 

-Hydrocarbons  ( oil and Gas) 
Oil demand could peak in the next two to five years with steady decline after 2030. Gas demand is projected to grow by 10% in the next decade in all scenarios. with divergence after 2030, driven by increasing decarbonization pressure in buildings and industry. 

-Renewables ( Wind, Solar, Hydro) 
These are projected to account for 80—90% of power generation globally by 2050. Share of renewables in the power mix is projected to double in the next 15 years .

-Hydrogen 
Transport and new industrial uses could drive two-thirds of hydrogen demand growth to 2035.  Beyond 2035, hydrogen is projected to scale across all sectors of the energy economy.  

-Bioenergy
Sustainable fuels can provide greenhouse gas emissions reductions and could account for up to 40%f energy demand in transport by 2050
 
Transition from fossil fuels will be a multi-decade plan which will include a mixed energy portfolio.