The New Energy Outlook (NEO) is BloombergNEF’s annual long-term scenario analysis on the future of the energy economy.
In this edition, we present scenarios that reach net-zero emissions in 2050 and achieve the goal of the Paris Climate Agreement, reflecting growing interest in climate pathways. With much of the route to net-zero still uncertain, we have designed three climate scenarios that reflect dominant technology paradigms common in the public discourse. We investigate these energy futures and discuss what it means to get on track for net-zero by 2030. We hope this year’s analysis is a valuable input to support strategy development and long-term planning, especially in the lead-up to COP26 in November.
Each of our scenarios combines greater electrification, clean electricity and energy storage batteries, along with a major complementary decarbonization technology – hydrogen, carbon capture and storage, or nuclear power. There is also a role for bioenergy, recycling, efficiency improvements and carbon removals.