According to the EIA’s International Energy Outlook, assuming current laws and regulations remain, strong economic growth and growing populations will drive increases in global energy-related carbon dioxide emissions and energy consumption through 2050. Liquid fuels and renewable energy will need to be utilized in order to offset the increased demand.
Some key findings:
- If current policy and technology trends continue, global energy consumption and energy-related carbon dioxide emissions will increase through 2050 as a result of economic and population growth
- Renewables will be the primary source for new electricity generation, but natural gas, coal and batteries will be used to help support grid reliability
- Oil and natural gas production will continue to grow, mainly to support increasing energy consumption in developing Asian economies