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Experts Reveal The Future Of Global Energy

The Future of GLOBAL ENERGY Reports Conducted By... eia IEM. EXon Exxon iea POPULATION AND ENERGY DEMAND The population growth is estimated at 7.8 - 9 billion by 2030 By 2030 - 2035, the overall global energy demand will be 35-50% greate than present WILL POWER GENERATION CONTINUE TO RISE? Electricity demand is expected to be 80% higher in 2040. Energy for power generation will reach 40-50% of overall energy demand by 2035-2040 Global power generation nearly doubles with installed capacity rising to ~35TW2 by 2030. OIL, GAS AND COAL INDUSTRIES Crude oil remains as leading primary energy resource until at least 2030 OPEC increases its global supply share from the current 33% to 46% Tight supply will lead to high commodity prices. • Demand from China will double to 17.5 mb/d by 2030 • Global oil production peaks between 2015 and 2025 Global oil production peaks between 2015 and 2025 • Natural gas is favoured for power generation. Per unit of mass it emits less than 50% carbon dioxide than coal. It is also seen by many as a transition fuel that will bridge the period to when fossil fuels will be superseded by renewables Strong demand. It will be the fastest-growing fossil fuel with 1.3+%/yearon-year growth. ExxonMobil forecasts a 60% growth in gas demand by 2040 Gas-to-power market will grow by 2.5%/year Coal use declines in OECD because of climate change policies & legislation During 2010's decade coal use will continue to increase in non-OECD economies led by China where coal will account for 75%+ used in power generation • However, coal demand is expected to decline from 2020 onwards WILL TRANSPORTATION HAVE A DRAMATIC TURN? 90% 1.6 billion of transportation will be petroleum- fuel based in 2040 50% vehicles will be on the road by 2040 of the road fleet will compromise of Hybrid vehicles by 2040. LETS TALK MONEY - WHAT'S THE DAMAGE? $38 trillion needs to be invested in energy until 2035. This will require an average annual spend of $1-1.2 trillion of which 40-50% will be in oil and gas projects. %24 $17 trillion is required in electricity generation and transmission Wind, wave, tidal, solar, biomass will still only account for only 4% of the overall global energy mix by 2030 despite the aspirations of many politicians and legislators. DYER Environmental Controls Limited

Experts Reveal The Future Of Global Energy

shared by sally.montgomer... on Jul 15
What does the future hold for global energy? This infographic offers the opinions of experts including IEA, EIA and IBM offering their insight in to the likely outcome of global energy trends covering...


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