World Energy Demand To Peak By 2030
World energy demand to plateau from 2030, says DNV GL’s inaugural Energy Transition Outlook; Energy efficiency will improve faster than global economic growth due to the rapid electrification of the world’s energy system, leading to a plateau in energy demand from 2030.
4 September 2017 (DNV-GL)
“…The world is approaching a watershed moment as energy demand is set to plateau from 2030, driven by greater efficiency with the wider application of electricity. A rapid decarbonization of the energy supply is underway…[According to DNV GL’s Energy Transition Outlook 2017, renewable energy sources will continue to rise, making up nearly half of global energy supply by 2050, cutting energy-related CO2 emissions in half. Natural gas supply will peak in 2035, but will still be the biggest single source of energy by mid-century. Oil supply will flatten out in the period 2020 to 2028 and then fall significantly to be surpassed by natural gas in 2034. The world will manage the shift to a renewable future without increasing overall annual energy expenditure, meaning that the future energy system will require a smaller share of GDP…” click here for more