Page 7 - Money in Energy
P. 7
Money in energy -Investment Opportunities and risks 2010
Net electricity generation worldwide totals 31.8 trillion Kwhrs in 2030 in the
reference case, 77 percent higher than the 2006 total of 18.0 trillion Kwhrs.
The strongest growth in electricity generation is projected for the non-OECD
countries. Non-OECD electricity generation increases by 3.5 percent per year in
the reference case, as rising standards of living increase demand for home
appliances and the expansion of commercial services, including hospitals, office
buildings, and shopping malls. In the OECD nations, where infrastructures are
well established and population growth is relatively slow, much slower growth in
generation is expected, averaging 1.2 percent per year from 2006 to 2030.
Currently, natural gas and coal together account for the largest share of total
world electricity generation, at more than 60 percent of global electricity
supply. They remain the world’s most important sources of supply in 2030, with a
64-percent share of total generation (Figure 16). In non-OECD Asia, where coal
resources are ample, higher prices for oil and natural gas make coal a more
economical source of energy for electricity generation.
Renewable energy sources are the fastest-growing energy source for world
electricity generation in the IEO2009 reference case, increasing by an
average of 2.9 percent per year from 2006 to 2030. Much of the growth is in
hydroelectric power and
wind power. Of the 3.3
trillion Kwhrs of new
renewable generation
added over the
projection period, 1.8
trillion Kwhrs (54
percent) is attributed to
hydroelectric power and
1.1 trillion Kwhrs (33
percent) to wind power
(Figure 17).
Other than
hydroelectric power, most renewable technologies are not able to compete
7 Etree Projects Consultants Pvt Ltd.
Net electricity generation worldwide totals 31.8 trillion Kwhrs in 2030 in the
reference case, 77 percent higher than the 2006 total of 18.0 trillion Kwhrs.
The strongest growth in electricity generation is projected for the non-OECD
countries. Non-OECD electricity generation increases by 3.5 percent per year in
the reference case, as rising standards of living increase demand for home
appliances and the expansion of commercial services, including hospitals, office
buildings, and shopping malls. In the OECD nations, where infrastructures are
well established and population growth is relatively slow, much slower growth in
generation is expected, averaging 1.2 percent per year from 2006 to 2030.
Currently, natural gas and coal together account for the largest share of total
world electricity generation, at more than 60 percent of global electricity
supply. They remain the world’s most important sources of supply in 2030, with a
64-percent share of total generation (Figure 16). In non-OECD Asia, where coal
resources are ample, higher prices for oil and natural gas make coal a more
economical source of energy for electricity generation.
Renewable energy sources are the fastest-growing energy source for world
electricity generation in the IEO2009 reference case, increasing by an
average of 2.9 percent per year from 2006 to 2030. Much of the growth is in
hydroelectric power and
wind power. Of the 3.3
trillion Kwhrs of new
renewable generation
added over the
projection period, 1.8
trillion Kwhrs (54
percent) is attributed to
hydroelectric power and
1.1 trillion Kwhrs (33
percent) to wind power
(Figure 17).
Other than
hydroelectric power, most renewable technologies are not able to compete
7 Etree Projects Consultants Pvt Ltd.
