The reality check for the «carbon bubble» proponents is that
global energy demands still need to be met and that there are limits to the growth rate of fossil energy substitutes, even as climate goals come under pressure.
Not exact matches
The International
Energy Agency, which says that global oil demand could peak around 2020 if governments adopted particularly green policies, predicts that even if it happened, oil still would account for 23 % of total global energy in 2040, down from 32 % in
Energy Agency, which says that
global oil
demand could peak around 2020 if governments adopted particularly green policies, predicts that even if it happened, oil
still would account for 23 % of total
global energy in 2040, down from 32 % in
energy in 2040, down from 32 % in 2016.
Strong
demand for crude oil and the entire
energy sector continues to push prices higher as I
still think we will trade above the $ 70 level in the weeks ahead as
global supplies have dwindled over the last year due to the fact that worldwide economies are improving which is a terrific thing to see in my opinion.
Cheap shale gas is significantly reducing coal
demand in the United States, but
global coal consumption is
still expected to rise 2.6 percent annually by 2017, the International
Energy Agency said today in a report.
The largest contribution to
demand growth — almost 30 % — comes from India, whose share of
global energy use rises to 11 % by 2040 (
still well below its 18 % share in the anticipated
global population).
Bearing in mind the portfolio of other renewable
energy technologies available, 2 percent of electricity generation from perennial biomass in 2050
still comprises a significant portion of
global electricity
demand.
«Despite the progress so far, electric vehicles
still have a long way to go before reaching a scale that would make a significant dent in
global oil
demand growth and greenhouse gas emissions,» said Dr Fatih Birol, the executive director of the International
Energy Agency.
However this scenario only sees an 18 %
global increase in coal
demand, and leaves nearly three - quarters of the
energy poor
still without access to
energy.
With
global energy demand rapidly increasing, especially in developing countries where millions
still live in poverty, the green agenda has been a dead end from day one.
As Eban Goodstein, Director of the Bard Center for Environmental Policy, so aptly shared immediately following the election, «Our work will not go away... Meeting the needs of billions of more people all aspiring to a better quality of life
demands that we
still rewire the world with clean
energy,
still reinvent the
global food system,
still rebuild smart and inclusive cities, and fundamentally, put sustainability and sufficiency at the heart of what we are doing on the planet.