July 26, 2013
The world demand for energy is escalating and to the most non–observant this is an obvious as technology, facilities, and consumer demand is growing as global population increases. The dimensionality of demand is based on the balance of production and the infrastructure to support the growing requirements. The equilibrium that assist in “World Energy Demand To Soar 56% By 2040 Led By Asia” is viable yet, global demand is bridged by the energy-related supply chain and developing new process models for efficiency.
The dispensing of numbers that reveal “World energy consumption will rise 56% in the next three decades, driven by growth in developing countries such as China and India,” states the Energy Information Administration.
The International Energy Outlook 2013 state the demand will increase to 820 quadrillion British thermal units in 2040 from 524 quadrillion in 2010 with China and India attributing to half the gain. “One quadrillion Btu is equal to 172 million barrels of crude oil. China’s energy consumption will double the U.S. level by 2040.”
EIA Administrator Adam Sieminski said in a news release, “Rising prosperity in China and India is a major factor in the outlook for global energy demand. This will have a profound effect on the development of world energy markets.”
“Demand in countries outside the Organization for Economic Cooperation and Development will increase by 90% through 2040. Use by OECD members, including the U.S. and Japan, will grow 17%.”Advances in technology make liquids production in previously inaccessible regions increasingly feasible.”
As technological growth continues and infrastructural decline inches the demand will continue to scale despite natural gas and alternative sources. The numbers are based on sustainable changes of today that can alter these predictions by pushing out the probability of change versus no change. The numbers can be exponential or multiplicative when considering the elements across the varied platforms.
The EIA reported the following data:
•World shale oil recoverable resources are 345 billion barrels
•Fossil fuels, including oil, natural gas and coal, will supply almost 80% of world energy through 2040.
•Natural gas use will grow 64%, faster than any other fossil fuel. Consumption will be 185 trillion cubic feet in 2040, up from 113 trillion in 2010.
•Renewable and nuclear, the fastest-growing sources, will increase by 2.5% a year.
•Coal consumption will rise 1.3% a year to 220 quadrillion Btu in 2040 from 147 quadrillion.
•Energy-related carbon dioxide emissions are projected to increase 46% to 45 billion metric tons by 2040. Net electricity generation will almost double, rising to 39 trillion kilowatt-hours from 20.2 trillion.
The influence of these numbers are contingent on energy security, closing the digital divide to aggregate populations to access energy sources, as well as the development of efficiencies to support a rich energy mix to support demands.
- ‘China, India account for 50% of world energy demand’ (thebricspost.com)
- Fossil fuels to remain dominant as global energy use set to rise 56%: EIA (business.financialpost.com)
- World energy consumption won’t slow down (bizjournals.com)
- EIA: world energy consumption to grow 56% 2010-2040, CO2 up 46%; use of liquid fuels in transportation up 38% (greencarcongress.com)
- World Energy Use to Rise 56% by 2040 (dailyfinance.com)
- World energy consumption to increase 56 percent by 2040 (siliconbeat.com)
- World will use 56 percent more energy by 2040 (csmonitor.com)
- `India, China to lead rise in world energy’ (vancouverdesi.com)