DNV Report Says Renewables Won’t Replace Fossil Fuels by 2050

Norwegian company DNV operates as a quality assurance and risk management company. It offers supply chain, data management, technical assurance, software, and advisory services. DNV recently published its annual Energy Transition Outlook 2023 (copy below). DNV’s predictions are somewhat shocking. The company is a global warming Kool-Aid drinker, believing we’ll all toast if we don’t “transition” away from burning fossil energy by 2050. Yet DNV’s report shows that it thinks by 2050, the world will still generate roughly half of all energy used from fossil energy. Today, roughly 80% of all energy comes from fossil energy. The CEO of DNV says this about so-called renewable energy: “Globally, the energy transition has not started, if, by transition, we mean that clean energy replaces fossil energy in absolute terms.” The report says the so-called energy transition from fossil energy to renewables is "still at the starting blocks." Sobering honesty from a leftist source.

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