Global energy consumption: the EIA projects a 48% increase by 2040

Global energy consumption: the EIA projects a 48% increase by 2040

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The non-OECD countries, such as India and China, are pushing the growth. A consistent rise also for nuclear and renewable energy

The latest International Energy Outlook for 2016, by the US Energy Information Administration, is a trove of information and predictions, among these is the estimate that the global level of energy consumption will see a 48% increase from now to 2040. Most of the demand, according to experts, will come from those countries that are not part of the Organization for Economic Cooperation and Development (Oecd). From this group, the countries that will carry this growth are China and India, they currently account for over half of global energy consumption. Regarding energy sources that are expected to see the largest rise leading up to 2040, as indicated by the Eia researcers, are renewable and nuclear energy, with 2.6%/year and 2.3%/year increase respectively. Yet, despite this growth, fossil fuels will continue to reign, accounting for 3/4 of global energy consumption over the next 24 years.