Is the world ready to move into an 'energy substitution' phase?

Cecilia Keating
clock • 6 min read
Credit: iStock
Image:

Credit: iStock

BP analysis estimates that oil demand is set to peak in 2025, but it also warns that clean energy additions are still being outpaced by energy demand, leaving the door open for long term fossil fuel use

Once again experts have raised the alarm that the energy transition is not happening anywhere near fast enough to deliver climate goals, with the rapid clean energy around the world failing to keep up...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

Cecilia Keating
Author spotlight

Cecilia Keating

View profile
More from Cecilia Keating

Why the Women in Green Business Awards is more important than ever

'Simplicity is key': Behind the scenes at UK direct air capture start-up Mission Zero Technologies

More on Energy

Ofgem confirms seven per cent cut in energy price cap
Energy

Ofgem confirms seven per cent cut in energy price cap

Regulator announces price cap to fall to £1,720 a year for the average household, as experts call for wider reforms to curb energy bills that remain well above pre-crisis levels

James Murray
James Murray
clock 23 May 2025 • 5 min read
'There is still no plan': Does the UK risk repeating past 'just transition' failures in the North Sea?
Energy

'There is still no plan': Does the UK risk repeating past 'just transition' failures in the North Sea?

Scotland's Just Transition Commission calls for urgent action from policymakers and North Sea industries to ensure a smooth and fair transition for oil and gas workers as the switch to net zero technologies accelerates

Michael Holder
Michael Holder
clock 23 May 2025 • 7 min read
SSE trims clean energy investment in response to planning and policy delays
Energy

SSE trims clean energy investment in response to planning and policy delays

Capital spending plans through to 2027 cut by £3bn due to planning delays and economic factors, but energy giant reiterates commitment to clean energy transition

James Murray
James Murray
clock 22 May 2025 • 4 min read