Transition remains on track despite policy shifts

The global shift towards cleaner energy remains broadly on track despite policy shifts in some countries.

The latest Energy Transition report said that overall progress will be “slightly slower” forecast last year both in terms of emissions and fossil fuel’s share of primary energy.

The ninth edition of the annual report finds that policy reversals and renewed support for fossil fuels in the US will delay national emission reductions by around five years.

However, the report concludes that the US slowdown will have only a marginal impact on the global transition, with momentum continuing elsewhere — particularly in China.

The global energy mix is expected to be split 51%-49% between fossil and non-fossil fuels by 2050. Global carbon dioxide emissions in 2050 are now projected to be 4% higher than in last year’s outlook.

DNV president and chief executive Remi Eriksen said: “The global energy transition is not stalling – it is evolving, with momentum shifting to regions that are doubling down on clean technologies.”