Page 5 - Money in Energy
P. 5
Money in energy -Investment Opportunities and risks 2010
remain relatively high through most of the projection period, liquid fuels and
other petroleum are the world’s slowest growing source of energy: liquids
consumption increases at an average annual rate of 0.9 percent from 2006 to
2030. Renewables are the fastest-growing source of world energy, with
consumption increasing by 3.0 percent per year. Projected oil prices, as well as
rising concern about the environmental impacts of fossil fuel use and strong
government incentives for increasing renewable penetration in most countries
around the world, improve the prospects for renewable energy sources worldwide.
Although liquid fuels are expected to remain the largest source of energy, the
liquids share of world marketed energy consumption declines from 36 percent
in 2006 to 32 percent in 2030. The reference case assumes that world oil prices
lead many energy users, especially in the industrial and electric power sectors, to
switch from liquid fuels and other petroleum when feasible. From 2006 to 2030,
liquids consumption in the residential, commercial, and electric power sectors
declines on a worldwide basis. For example, the projections show a steady
decline of 0.3 percent per year in total world use of liquids for electricity
generation. Nonetheless, the countries of the Middle East continue to rely on
liquids for a sizable portion of their electricity supply, remaining near 25 percent
in 2030.
In the transportation sector, liquids consumption is relatively unaffected by
projected world oil prices in the reference case. Although world oil prices in
the IEO2009 reference case are 80 percent higher in 2030 than the projected
prices in the IEO2008 reference case, the world’s consumption of liquids for
transportation in 2030 is only 9 percent lower in IEO2009. In the absence of
significant technological advances, liquids continue to dominate the world’s
transportation markets.
In the industrial sector, growth in liquids consumption is slower than projected in
last year’s outlook. Efficiency gains and fuel substitution slow the growth of
liquids consumption in the industrial sector, especially in the non-OECD regions,
where there are more opportunities for fuel switching. World liquids consumption
for energy in the industrial sector, which was projected to increase by 1.1 percent
per year from 2005 to 2030 in the IEO2008 reference case, increases by 0.7 per
5 Etree Projects Consultants Pvt Ltd.
remain relatively high through most of the projection period, liquid fuels and
other petroleum are the world’s slowest growing source of energy: liquids
consumption increases at an average annual rate of 0.9 percent from 2006 to
2030. Renewables are the fastest-growing source of world energy, with
consumption increasing by 3.0 percent per year. Projected oil prices, as well as
rising concern about the environmental impacts of fossil fuel use and strong
government incentives for increasing renewable penetration in most countries
around the world, improve the prospects for renewable energy sources worldwide.
Although liquid fuels are expected to remain the largest source of energy, the
liquids share of world marketed energy consumption declines from 36 percent
in 2006 to 32 percent in 2030. The reference case assumes that world oil prices
lead many energy users, especially in the industrial and electric power sectors, to
switch from liquid fuels and other petroleum when feasible. From 2006 to 2030,
liquids consumption in the residential, commercial, and electric power sectors
declines on a worldwide basis. For example, the projections show a steady
decline of 0.3 percent per year in total world use of liquids for electricity
generation. Nonetheless, the countries of the Middle East continue to rely on
liquids for a sizable portion of their electricity supply, remaining near 25 percent
in 2030.
In the transportation sector, liquids consumption is relatively unaffected by
projected world oil prices in the reference case. Although world oil prices in
the IEO2009 reference case are 80 percent higher in 2030 than the projected
prices in the IEO2008 reference case, the world’s consumption of liquids for
transportation in 2030 is only 9 percent lower in IEO2009. In the absence of
significant technological advances, liquids continue to dominate the world’s
transportation markets.
In the industrial sector, growth in liquids consumption is slower than projected in
last year’s outlook. Efficiency gains and fuel substitution slow the growth of
liquids consumption in the industrial sector, especially in the non-OECD regions,
where there are more opportunities for fuel switching. World liquids consumption
for energy in the industrial sector, which was projected to increase by 1.1 percent
per year from 2005 to 2030 in the IEO2008 reference case, increases by 0.7 per
5 Etree Projects Consultants Pvt Ltd.
