EIA Anticipates 50 per cent Surge in Global Energy Consumption

The United States Energy Information Administration estimates a 50 per cent increase in global energy consumption by 2050.

  • The non-OECD nations are anticipated to witness higher energy consumption growth of 70 per cent between 2018 to 2050 against the energy consumption growth of just 15 per cent in OECD nations between the same period.
  • On the sectoral basis, the industrial sector, which includes refining, mining, agriculture, etc., is forecasted to demonstrate over 50 per cent end-user energy consumption between 2018 to 2050.
  • Renewable energy generation resources and natural gas to dominate the energy generation fuel segment surpassing both oil and coal.

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