World will use more natural gas but not more coal by 2040, agency predicts
The world will consume 28 percent more energy by 2040, a federal agency predicted Thursday.
Parts of Asia including China and India will drive about 60 percent of the increased demand, the Energy Information Administration said in its International Energy Outlook 2017 report.
The demand for coal is projected to stay flat, but the demand for all other fuels is projected to rise. Renewable energy sources are expected to be the fastest growing sector, increasing an average of 2.3 percent between now and 2040.
Nuclear power is expected to be the second fastest, with consumption increasing about 1.5 percent per year.
Despite the growth in renewable and nuclear power, fossil fuels will still account for more than three-fourths of the world’s energy consumption in 2040, the agency said. Global natural gas consumption is projected to rise about 1.4 percent per year.