Eirik Wærness, Senior Vice President and Chief Economist at Statoil delivered a presentation and discussion on Statoil’s Energy Perspective 2016 Edition. The 2016 report focused on three scenarios: Reform which is based on the national climate targets of the Paris agreement (COP21), with further restrictive measures in the energy and climate policies over time; Renewal which outlines the most ambitious energy and climate goals; Rivalry which is impacted by geopolitical conflict and larger differences in the regional development, both with regard to economic development and transformation of the energy systems. *Eirik’s presentation can be found online at http://energypolicy.columbia.edu/events-calendar/statoil-energy-perspect…
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Achieving the goal of net-zero greenhouse gas emissions by 2050 requires a substantial reduction in the share of high-emitting fossil fuels in primary energy consumption.