The 2019 report on the Speed of the Energy Transition by the World Economic Forum Global Future Council on Energy described two diverging trajectories for gradual or rapid change in the global energy system.
This next report highlights some of the road signs that are pointing the way in this debate.
Some facts about the energy landscape are increasingly clear; these are, therefore, the things we already know. On other points there is continuing high uncertainty; these are the things we do not (yet) know.
Like all technology‑led transitions, the energy transition will unleash significant creative destruction, create large new opportunities for wealth formation, and will ultimately lead to greater prosperity and major societal benefits. Nevertheless, there will also be transition costs that need to be minimised and taken into account.
The report was written in collaboration with the WEF Global Future Council on Energy 2019-2020.