Norwegian risk management organisation DNV’s Energy Transition Outlook 2026 forecasts that global energy-related and process-related CO₂ emissions will fall by 44% between today and 2050, but says the world will remain far from net zero and is heading towards 2.3°C of warming by 2100.
The outlook is DNV’s single “most likely” forecast for the global energy system through 2060. It projects fossil fuels’ share of primary energy falling from approximately 80% today to 51% in 2050 and below 40% by 2060.
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