Government Energy Policy, Business and Technology

World Energy Demand to Plateau from 2030, Says Report

Renewable Energy World: Energy efficiency will improve faster than global economic growth due to the rapid electrification of the world’s energy system, leading to a plateau in energy demand from 2030.

That’s one of the key findings of the inaugural Energy Transition Outlook launched this week by quality assurance and risk management company DNV GL.

Other key findings of the report are that renewables will continue to rise, making up nearly half of global energy supply by 2050, cutting energy-related CO2 emissions in half by that time; gas supply will peak in 2035 but will still be the biggest single source of energy by mid-century; and the world will manage the shift to a renewable future without increasing overall annual energy expenditure, meaning that the future energy system will require a smaller share of GDP.

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