Rapidly developing nations, like India (and countries in Africa, South America and the Middle East) are lifting millions of people out of poverty. This sheer increase in the number of people demanding access to affordable and reliable energy will drive energy demand in the decades to come.
While population and energy consumption growth remains relatively static or falling in developed nations, increasing populations in developing countries are leading to projected increases in energy consumption.
The world’s population is increasingly concentrating in cities and towns, pushing the urbanisation rate up from 53% in 2013 to 63% in 2040, meaning the absolute number of people living in rural areas falls.
Urbanisation tends to increase demand for modern forms of energy, as such forms are of energy are more readily available and levels of income and economic activity tend to be higher in cities.
Primary energy consumption is forecast to increase by 37% between 2013 and 2035, with energy consumption expected to increase by 1.4% every year. Most of this growth will occur in non-OECD regions.
Roughly one-third of the increase in energy demand will be met by gas, another third by oil and coal together, and the final third by non-fossil fuels.
In the OECD, declines in oil and coal are offset by increases in gas and renewables, in roughly equal part. Growth in non-OECD energy is evenly spread, with roughly a quarter in each for oil, gas, coal, and non-fossil fuels.
total global vehicle fleet
Total global vehicle fleet