2 times more: The world would need twice as much energy as it produces today if it weren’t for continuous improvements in energy efficiency.27%: World energy demand is forecast to increase 27%.Increased energy demand coming from emerging markets and developing economies. 5 billion from 8 billion in 2020 to over 8.5 billion in 2030. 8.5 billion: Global population is expected to grow an additional.In its 2020 report, the IEA projects that by 2040: The IEA’s annual projections indicate global energy demand will continue to increase as the world grows and reduces poverty. The remaining sources include nuclear power, biofuels, hydro, and other renewables such as solar, wind and geothermal energy. Right now, fossil fuels supply about 80% of the energy we require. With the global population expected to increase by about two billion over the next two decades, and with improving standards of living, it is estimated that by 2040 electricity generation is expected to increase by 52%. Regardless of the source of energy, demand is growing. Canada itself uses a complicated energy mix of oil, natural gas, hydroelectricity, nuclear and more. ![]() As prosperity in countries like China and India increases, energy demand will rise further as more people begin living middle-class lifestyles.ĭifferent countries use different types of energy, so it’s difficult to say who uses the most. The average Chinese family uses less energy than an average North American family, but that is changing. The United States consumes the most oil while China is the world’s top electricity consumer. The answer depends on the type of energy.
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