Reference High-Fuel

The Reference High-Fuel scenario, shown in Figure 17, illustrates the effects of higher oil and gas prices compared to the Reference 2.0 scenario. A higher gas price drives additional renewable deployment, with the renewable share of generation reaching 73% by 2050. A higher oil price drives some additional deployment of biofuels, and even some synthetic jet fuel (and associated electrolytic hydrogen production) for compliance with state decarbonization targets in states such as California and New York.