IEA: Non-OECD countries will continue to drive energy demand
The International Energy Agency released its annual World Energy Outlook on Monday and identified four fundamental energy trends in the next two to three decades.
- World energy needs will continue to rise on higher incomes and growing populations.
- The dynamics of energy markets will be determined by emerging economies.
- Fossil fuels will continue to meet most energy demands worldwide.
- The "persistent failure to provide universal energy access to the world's poor," according to the IEA.
The second trend is highlighted by the fact that the non-OECD share of energy demand (in million tons of oil equivalent) has grown from 36% in 1973 to 55% in 2010. That number is expected to climb to 64% of all global energy demand in 2035.
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