NewEnergyNews: Trends In Global New Energy Through 2040

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    Thursday, November 16, 2017

    Trends In Global New Energy Through 2040

    World Energy Outlook 2017; Global shifts in the energy system

    14 November 2017 (International Energy Agency)

    “…[Global energy needs are expected to] rise more slowly than in the past but still expand by 30% between today and 2040. This is the equivalent of adding another China and India to today’s global demand…A global economy growing at an average rate of 3.4% per year, a population that expands from 7.4 billion today to more than 9 billion in 2040, and a process of urbanisation that adds a city the size of Shanghai to the world’s urban population every four months are key forces…Compared with the past twenty-five years, the way that the world meets its growing energy needs changes dramatically…with the lead now taken by natural gas, by the rapid rise of renewables and by energy efficiency…[New Energy will] capture two-thirds of global investment in power plants to 2040…[as electricity becomes] the rising force among worldwide end-uses of energy, making up 40% of the rise in final consumption to 2040 – the same share of growth that oil took for the last twenty-five years…” click here for more

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