Shell sees common trends in its transition scenarios
Certain themes dominate across the range of the major’s view of potential futures
Shell has reverted to three outlooks and extended the scope of its look into the future from 2070 out to 2100 in the latest round of its long-term projections, The Energy Transformation Scenarios, it released in mid-February. Its three-scenario approach assumes each has a key driver—the economy, geopolitics and the environment—and it dubs them ‘Waves’, ‘Islands’ and ‘Sky 1.5’, respectively. This author approves; it is a similar approach to that which he first took working at thinktank the Canadian Energy Research Institute early this century. What to watch for Despite Shell’s new approach providing a wide spectrum of plausible futures, its scenarios team identified five trends common to ea
Also in this section
12 November 2024
Standards have been agreed for a mechanism under Article 6.4 of the Paris Agreement to trade carbon credits internationally
8 November 2024
The energy sector will need all viable technologies to meet surging demand as AI and datacentres drain power grids
31 October 2024
Russia still aspires to become a major supplier of hydrogen, CO₂ storage capacity and carbon credits, despite financial constraints and the loss of Western technology and expertise
30 October 2024
Occidental subsidiary signs agreement with Enterprise Products Partners for pipelines and transport services for Bluebonnet hub