BP Energy Outlook: Transition to a lower carbon
Despite current weakness in global energy markets and the slowdown in China’s growth, demand for energy will continue to grow over the next 20 years and beyond as the world economy expands and more energy is required to power the higher level of activity.
According to the 2016 edition of the BP Energy Outlook, published today, global demand for energy is expected to increase by 34% between 2014 and 2035, or by an average of 1.4% per year. This growth in overall demand includes significant changes in the energy mix, with lower-carbon fuels growing faster than carbon-intense fuels as the world begins to transition to a lower-carbon future. ….