IEA Asserts Energy Set to Increase One-Third by 2040

IEA-energy-consumption

World Energy Use to Grow One-Third Over 25 Years: International Energy Agency

NDTV, November 10, 2015. Image credit: epicantus

Global energy use is set to grow by one-third over the next 25 years, driven mostly by emerging economies, the International Energy Agency said today.

Energy consumption in the most developed nations is expected to decline over the same period, it said in its annual World Energy Outlook.

The main drivers for increased overall energy consumption will be India, China, Africa, the Middle East and Southeast Asia, the report said.

But energy use is projected to drop by 15 percent by 2040 in the European Union, 12 percent in Japan and 3 percent in the US on the back of increased energy efficiency, energy savings and demographic trends.

The use of low-carbon fuels and technologies is on the rise, and the share of non-fossil fuels in the total mix is set to increase to 25 percent by 2040 from 19 now, the Pari-based IEA said.

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