The Baker Institute Center for Energy Studies hosted Eirik Wærness, senior vice president and chief economist at Equinor, for a private closed-door meeting on the key findings from the company’s 2018 Energy Perspectives report. The report addressed several issues regarding the global energy market, including projected energy demand growth over the coming decades, future investment needs in energy supply and whether a global energy transition is currently underway.
Wærness explained the report’s main projections, which run through 2050 and cover all the main global regions, energy sectors and fuels. The report presents three scenarios based on different assumptions about regional and global economic growth, geopolitics, technological development, energy efficiency, and energy and climate policies. Click here to view slides from Wærness’ PowerPoint presentation.
This invitation-only event was part of the center's Chief Economist Series, which features outlooks and perspectives from the energy industry’s leading strategists and economic thinkers. The goal of the series is to gain different viewpoints from industry insiders on the expected evolution of energy markets.
Eirik Wærness, senior vice president and chief economist at Equinor (formerly Statoil), has broad energy experience from government, academia and private sector companies. He is a member of the International Renewable Energy Agency’s Global Commission on the Geopolitics of Energy Transformation. From July 2016 to February 2018, he served as a non-executive board member of the Norwegian Financial Supervisory Authority (Finanstilsynet). He served as a member of the executive board of the Central Bank of Norway from 2010 to 2013. Since 2014, Wærness has been cooperating with World Economic Forum in different work groups and as an expert advisor. His experience includes different positions in the Norwegian Ministry of Finance, Total E&P Norway and Pöyry Management Consulting/ECON Centre for Economic Analysis. At Equinor/Statoil, Wærness has been leader of corporate strategy, corporate planning and analysis, economic analysis in upstream Norway, energy market analysis, and mid- and downstream strategy, in addition to his current role. He has also served as a member of two public commission expert groups on tax reforms.