Renewable Energy Share Continues to Grow Globally

World demand for energy will grow despite the relatively high price for oil and natural gas, although rising prices dampen growth in demand for petroleum and liquids fuels after 2015.

Published: 31-May-2007

WASHINGTON, DC, US, May 30, 2007. The share of renewable energies in total world energy consumption will rise from 7% in 2004 to 8% in 2030, much of it from large hydro facilities, predicts a major forecast.

The global consumption of marketed energy will grow 57% in that period, according to the reference case projection from the ‘International Energy Outlook 2007' released by the Energy Information Administration. The annual report shows the most rapid growth in energy demand for nations outside the OECD (Organization for Economic Cooperation & Development), especially in non-OECD Asia, where strong projected economic growth drives the increase in energy use.

World demand for energy will grow despite the relatively high price for oil and natural gas, although rising prices dampen growth in demand for petroleum and liquids fuels after 2015 and, as a result, their share of overall energy use will drop from 38% in 2004 to 34% in 2030. In contrast, the shares of natural gas, coal and renewables are expected to grow over the period.

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