TotalEnergies Energy Outlook 2022
Key findings of Total Energies Energy Outlook 2022
TotalEnergies
The short-term trajectory of global energy demand is not going in the right direction. More efforts are needed to decarbonize while ensuring
energy security and affordability
The current crisis is an opportunity to increase and anchor energy efficiency measures, which are critical to achieve the Paris agreement
objectives
In the OECD, the electrification of end-user demand is a structural evolution that helps reduce emissions and increase energy efficiency.
Significant investment in clean power and electrical grids is essential for the success of this electrification
In non-OECD countries, in particular in Africa, switching away from traditional biomass to modern energy will improve energy efficiency while
providing affordable energy access, better living standards and economic development to growing populations
Natural gas plays a key role in the energy transition: it ensures firm power to complement renewables and replaces coal in all sectors of final
demand. Gas will become greener over time and its growth will be accompanied by carbon capture and methane emissions control solutions
ā H2 and Sustainable Liquid Fuels are promising decarbonization drivers but will not scale up before 2030; in the meantime, renewable diesel
and biogas will develop
The current decade is decisive: investment in low carbon power must double to 2030 to reach 1.5 T$/year. Meanwhile, investment in new oil
and gas developments is required until at least the mid 2030s to satisfy customer demand, even in a well-below 2 C scenario
The energy transition also requires massive investment in clean tech R&D
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