BP Energy Outlook 2035 released today

Source: http://www.bp.com/en/global/corporate/about-bp/energy-economics/energy-outlook.html

Some of key findings:

1. Global energy consumption increases by 37% from today’s levels with virtually all (96%) the growth in non-OECD countries and more than half coming from India and China.

2. The US becomes energy self-sufficient by 2021. And by 2035 could be exporting 9% of its total energy supply. Meanwhile, China overtakes the EU as the world’s largest importing country/region by 2025.

3. Renewables (including biofuels) account for 8% of total energy consumption in 2035, compared to just 3% today.

4. The fastest fuel growth is seen in renewables (6.3% p.a.). Nuclear (1.8% p.a.) and hydro-electric power (1.7% p.a.) grow faster than total energy. Among fossil fuels, natural gas grows the fastest (1.9% p.a.) with oil (0.8% p.a.) marginally ahead of coal (also 0.8% p.a, to one decimal place).

Reference: http://www.bp.com/content/dam/bp/pdf/Energy-economics/energy-outlook-2015/Energy_Outlook_global_insights_2035.pdf

 

 

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