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.
BP’s 2015 edition of its Statistical Review of World Energy highlights how significant changes in global energy production and consumption have had profound implications for prices, for the global fuel mix, and for global carbon dioxide emissions.
Despite the dramatic recent weakening in global energy markets, ongoing economic expansion in Asia – particularly in China and India – will drive continued growth in the world’s demand for energy over the next 20 years.
The Statistical Review provides comprehensive, objective and globally consistent data on world energy markets. For 63 years, the BP Statistical Review of World Energy has provided high-quality objective and globally consistent data on world energy markets.
Global energy demand continues to grow but that growth is slowing and will mainly be driven by emerging economies - led by China and India - according to the latest edition of the BP Energy Outlook 2035.
The outlook highlights the growing role of developing economies in global energy consumption, and the increasing share of non-fossil fuels in global energy supply.
The BP Energy Outlook 2030 sees overall energy demand growing some 40% over next two decades, with virtually all growth coming from developing countries & more than half will come from China and India.
