BP Energy Outlook 2023 explores three main scenarios for the energy transition: Accelerated, Net Zero, and New Momentum. These scenarios are based on existing technologies and do not consider the impact of new or unknown technologies. The scenarios are not predictions, but rather explore the possible implications of different judgments and assumptions about the energy transition and its uncertainties. The Outlook updates the scenarios to account for the Russia-Ukraine war and the passing of the Inflation Reduction Act in the US. The Outlook is intended to inform BP's strategy and contribute to the wider debate about the factors shaping the energy transition, but it is not the only source of information about the future of global energy markets.
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