Energy Transition Outlook 2019

TR & NSITION ENERGY

Energy Transition Outlook 2019

The UK Energy Landscape is Changing

Climate change policy has already had a significant impact on the UK energy mix following the introduction of the Climate Change Act 2008, whereby the UK was the first major country to commit to legally binding emissions reductions targets. These changes are set to continue following the adoption by the government of a net-zero objective by 2050. The figure on the right, which summarises the primary energy flows in the UK during 2018, demonstrates the scale of the changes that are required over the next 30 years to achieve that objective, even beyond the significant changes that have already taken place. From an oil and gas perspective, the demand in the heating and industrial sector (for gas) and the transport sector and feedstocks (for oil) are the most notable features.

Summary of UK Energy Flows 2018

PRIMARY SUPPLY

GAS

COAL

BIOENERGY & WASTE

ELECTRICITY

NUCLEAR

WIND, SOLAR & HYDRO

PETROLEUM

OTHER

55.7

38.7

1.7

13.4

14.1

6.5

Domestic 130

96.7

44.5

6.8

4.3

1.8

Imports 154

0.4

0.3

0.2

7.2

73.2

- Exports 81

Marine bunkering

and stock change

3

Energy Industry use and losses

Transformation and conversion losses

15

34

Total: 203 mtoe

57

41

23

21

10

TRANSPORT

INDUSTRY

SERVICES

DOMESTIC

MISC.

2.5

2.5

3.3 7.2 1.3 8.3 0.3

8.5

9.1

1.3

1.0

1.5 8.0 0.7

26.6

0.4 2.4

55.2

9.0

0.3

FINAL CONSUMPTION

*All values in million tonnes oil equivalent (mtoe)

1.4 0.4

151 mtoe

12