Global energy consumption will grow by 56 percent by 2040 with fossil fuels remaining dominant energy sources. Along with that growth will come increased carbon dioxide emissions and a continued reliance on coal, oil, and natural gas for transportation and electricity generation, according to a new report published Thursday by the Energy Information Administration (EIA). The International Energy Outlook, which is released every two years, shows that strong economic growth in developing countries will be the dominant force driving world energy markets during that period. “Rising prosperity in China and India is a major factor in the outlook for global energy demand. These two countries combined account for half the world’s total increase in energy use through 2040.”
Posted on: Thu, 25 Jul 2013 16:16:10 +0000
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