EIA Projects 48% Increase in World Energy Consumption by 2040

July 2016, Vol. 243, No. 7

The U.S. Energy Information Administration’s EIA International Energy Outlook 2016 (IEO2016) projects world energy consumption will grow by 48% between 2012 and 2040. Most of this growth will come from countries that are not in the Organization for Economic Cooperation and Development (OECD), including countries where demand is driven by strong economic growth, particularly in Asia. Non-OECD Asia, including China and India, accounts for over half the world’s increase in energy consumption over the projection period. Concerns about energy security, effects of fossil fuel emissions on the environment and sustained, long-term high world oil prices…

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