What is the worldwide projection for energy consumption overall?

However, projections vary across these scenarios. In 2019, global primary energy demand totaled 572 quadrillion (1015) British thermal units (QBtu). BNEF projects that by 2050 demand falls modestly to 551 QBtu, whereas OPEC’s Reference Case reaches as high as 709 QBtu by 2045.

What is the world energy consumption 2020?

World primary energy consumption fell to 556.63 exajoules in 2020.

What are the factors that are increasing world energy demand over 25% by 2040?

Expansion in the economy and industry increases energy demand by about 25% by 2040; global energy demand mix secures mostly (60%) by the oil and natural gas and about 25% from nuclear and renewables (ExxonMobil 2017).

What is the most consumed form of energy worldwide?

Global primary energy consumption by source 2019-2020 Oil is the most consumed primary energy fuel in the world.

Which country has highest energy consumption?

China is the largest consumer of primary energy in the world, using some 145.46 exajoules in 2020….Primary energy consumption worldwide in 2020, by country (in exajoules)

Characteristic Consumption in exajoules
China* 145.46
United States 87.79
India 31.98
Russia 28.31

What is a major reason that global energy consumption is currently increasing?

The increase was driven by solid growth of the global economy and increased demand for heating and cooling in some regions. Increased use of fossil fuels covered 70% of the global increase in energy demand with natural gas covering almost 45% of total demand growth.

Is fossil fuel use increasing?

Fossil fuel consumption has increased significantly over the past half-century, around eight-fold since 1950, and roughly doubling since 1980. But the types of fuel we rely on has also shifted, from solely coal towards a combination with oil, and then gas. Today, coal consumption is falling in many parts of the world.

How much energy do we need in 2050?

By 2050, global industrial energy consumption reaches about 315 quadrillion British thermal units (Btu).