Page 4 - Money in Energy
P. 4
ey in energy -Investment Opportunities and risks 2010
together accounted for about 10 percent of the world’s total energy
consumption in 1990, but in 2006 their combined share was 19 percent. Strong
economic growth in both countries continues over the projection period, with
their combined energy use increasing nearly twofold and making up 28 percent
of world energy
consumption in 2030 in the
reference case. In contrast,
the U.S. share of total
world energy consumption
falls from 21 percent in
2006 to about 17 percent in
2030 (Figure 12).
Non-OECD Asia shows the
most robust growth of all
the non-OECD regions, with
energy use rising by 104
percent from 2006 to 2030
(Figure 13). Energy consumption in other non-OECD regions also grows strongly
over the projection period, with projected increases of around 60 percent for the
Middle East and for Central and South America and 50 percent for Africa. A
smaller increase, about 25 percent, is expected for non-OECD Europe and Eurasia
(including Russia and the other
former Soviet Republics), as
declining population and substantial
gains in energy efficiency result from
the replacement of inefficient Soviet-
era capital equipment.
Use of all energy sources increases Etree Projects Consultants Pvt Ltd.
over the time frame of the IEO2009
reference case (Figure 14). Given
expectations that world oil prices will
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together accounted for about 10 percent of the world’s total energy
consumption in 1990, but in 2006 their combined share was 19 percent. Strong
economic growth in both countries continues over the projection period, with
their combined energy use increasing nearly twofold and making up 28 percent
of world energy
consumption in 2030 in the
reference case. In contrast,
the U.S. share of total
world energy consumption
falls from 21 percent in
2006 to about 17 percent in
2030 (Figure 12).
Non-OECD Asia shows the
most robust growth of all
the non-OECD regions, with
energy use rising by 104
percent from 2006 to 2030
(Figure 13). Energy consumption in other non-OECD regions also grows strongly
over the projection period, with projected increases of around 60 percent for the
Middle East and for Central and South America and 50 percent for Africa. A
smaller increase, about 25 percent, is expected for non-OECD Europe and Eurasia
(including Russia and the other
former Soviet Republics), as
declining population and substantial
gains in energy efficiency result from
the replacement of inefficient Soviet-
era capital equipment.
Use of all energy sources increases Etree Projects Consultants Pvt Ltd.
over the time frame of the IEO2009
reference case (Figure 14). Given
expectations that world oil prices will
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