Energy Perspectives 2016: Climate policies and geopolitics determine the global energy mix toward 2040

The Paris climate agreement can be realised, but that requires new measures and much faster changes than we have seen so far. Towards 2040 the world will need a lot of renewable energy. Considerable investments in new production of oil and gas are also necessary to replace falling production from existing fields. This is outlined in Statoil’s Energy Perspectives report that was presented today. ….