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Advances in technology will keep energy supplies plentiful and affordable – enough to meet projected demand many times over – and help pave the way to a lower carbon energy mix, according to data published on Monday in the BP Technology Outlook.

According to BP, its Technology Outlook shows how technology can play a major role in meeting challenges the world of energy is facing, particularly in meeting increasing demand with less environmental impact. As BP says, it can be done by widening energy resource choices, transforming the power sector, improving transport efficiency and helping to address climate concerns out to 2050.

BP’s CEO Bob Dudley says that technology opens up a whole range of possibilities across the energy sector. He says it can bring great value to consumers and businesses, and it can also disrupt and challenge existing models.

“Today, for the first time, we are sharing our analysis of energy technologies and the options they present society in the quest for an abundant, sustainable and lower carbon energy future,” Dudley says.

 

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