![U.S. EIA projects 48% increase in world energy consumption by 2040](https://www.eqmagpro.com/wp-content/uploads/2016/05/unnamed-2.png)
U.S. EIA projects 48% increase in world energy consumption by 2040
12
0
“The U.S. Energy Information Administration’s recently released International Energy Outlook 2016 (IEO2016) projects that 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 more than half of the world’s total increase in energy consumption over the projection period.”—EIA
Related posts:
- Remote Microgrids Now Make up More than Half of All Microgrids Deployed Globally
- 1,500-Volt PV Systems and Components 2016-2020: Costs, Vendors, and Forecasts
- Creating successful business cases for solar-plus-storage
- Global Revenue from Solar PV Installations Is Expected to Total More Than $1.2 Trillion from 2015 to 2024