World Energy Use to Grow 56%, Renewable Energy on the Rise
Over the next three decades, world energy consumption is projected to increase by 56%, driven by growth in the developing world, according to “International Energy Outlook 2013 (IEO2013),” released by the U.S. Energy Information Administration (EIA).
“Rising prosperity in China and India is a major factor in the outlook for global energy demand,” said Adam Sieminski, EIA administrator. “These two countries combined account for half the world’s total increase in energy use through 2040. This will have a profound effect on the development of world energy markets.”