The Energy Outlook considers a number of different scenarios. These scenarios are not predictions of what is likely to happen or what bp would like to happen. Rather they explore the possible implications of different judgements and assumptions concerning the nature of the energy transition. The scenarios are based on existing and developing technologies which are known about today and do not consider the possibility of entirely new or unknown technologies emerging. Much of the analysis in the Outlook is focussed around three scenarios: Rapid, Net Zero and Business-as-usual. The multitude of uncertainties means that the probability of any one of these scenarios materializing exactly as described is negligible. Moreover, the three scenarios do not provide a comprehensive description of all possible outcomes. However, the scenarios do span a wide range of possible outcomes and so might help to inform a judgement about the uncertainty surrounding energy markets out to 2050. The Energy Outlook is produced to inform bp’s analysis and strategy and is published as a contribution to the wider debate. But the Outlook is only one source among many when considering the future of global energy markets and bp considers a wide range of other analysis and information when forming its long-term strategy