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.