March 2012

Trends and Resources

HP Impact: BP’s energy outlook to 2030

Global energy demand will continue to grow over the next 20 years, albeit at a slowing annual rate, fueled by economic and population growth in non-OECD countries. Increased energy efficiency and stro..

Thinnes, Billy, Hydrocarbon Processing Staff

Global energy demand will continue to grow over the next 20 years, albeit at a slowing annual rate, fueled by economic and population growth in non-OECD countries. Increased energy efficiency and strong growth for renewable energy are also forecast in BP’s Energy Outlook 2030, which was recently released. Global energy demand is likely to grow by 39% by 2030, or 1.6% annually, almost entirely in non-OECD countries; consumption in OECD countries is expected to rise by just 4% in total over the period. Global energy will remain dominated by fossil fuels, which are forecast to account for 81% of global energy demand by 2030 down about 6% from current levels. The period should also see inc

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