Despite ‘green dreams’, EIA report projects fossil and nuclear fuels provide 83% of total world energy in 2040Posted: December 31, 2017
FROM the department of reason trumps symbolic gestures to the climate gods …
Guest essay by Larry Hamlin
The latest EIA 2017 IEO report projects world energy consumption to increase by 28% from 2015 through 2040.
Non OECD countries (the developing nations-China, India, etc.) account for about 84% of this increased energy use with non OECD Asia making up the majority of this energy use growth.
Significant growth (43%) in natural gas use is projected in meeting the worlds total energy increase through 2040.
Petroleum and other liquid fuels use growth (18%) continues but at a slower pace than natural gas.
Coal energy use is projected to be stable during this period with declines in China offset by increased use in India.
Renewables (hydro, wind, solar, geothermal, other) is the fastest growing energy source with wind, solar and natural gas supplying most of the electricity sector growth.
Renewables are projected to supply 31% of world electricity generation in 2040 the same as coal…
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