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Sunday, 28 July 2013

US EIA publishes its International Energy Outlook 2013

The US Energy Information Administration has published its  International Energy Outlook 2013 (IEO2013) which projects that world energy consumption will grow by 56 percent between 2010 and 2040 with total world energy use rising from 524 quadrillion British Thermal Units (Btu) in 2010 to 630 quadrillion Btu in 2020 and 820 quadrillion Btu in 2040. Much of this growth occurs in countries outside the Organisation for Economic Cooperation and Development (OECD) where demand is driven by strong, long-term economic growth. Energy use in non-OECD countries rises by 90 percent compared to 17 percent in the OECD.

The world's fastest-growing energy sources are renewable energy and nuclear with each growing by 2.5 percent per year. Nevertheless, fossil fuels continue to supply almost 80 percent of global energy use through 2040. Of this, natural gas is the fastest growing fossil fuel source.

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Energy & Environment Dates 2012