Today, transport of passengers and goods accounts for about a quarter of global energy-related CO2 emissions, a share that will grow to 30% by 2050. Therefore, opportunities to accelerate change through pilot projects and uptake of alternative energy need to be seized as soon as possible, DNV said.
Road transport leads the way in reducing reliance of fossil fuels, falling from 38 million barrels per day (bpd) today, to 19 million bpd in 2050, reducing share from 91% to 57%. Conversely, the consumption of oil within aviation will be virtually flat to 2050, with hydrocarbons set to have a 60% share in the sector in the same year.
