DNV Energy Transition Outlook 2022 provides a global and regional forecast to 2053. The report highlights that the long-term transition to net zero will be rapid and extensive, despite the current high energy prices and supply shocks. COP26 and the IPCC have called for urgent action, which has set a target of reducing emissions by 50% by 2030. The report also presents a pathway to net zero, which requires leading regions and sectors to go much further and faster. The closing of the gap to 1.5°C is a critical issue, and the report warns that the current scenario is not sufficient to achieve this goal. The report emphasizes the need for policy changes and action plans to address the challenges of energy-related CO2 emissions.
