Global energy demand increased by 2.3% in 2018, the fastest pace of growth this decade, driven by a strong global economy and increased heating and cooling needs, subsequently driving global energy-related CO2 emissions up by 1.7% to 33 gigatonnes.
The world’s energy demand is expected to decline from 2035 onward, according to global quality assurance and risk management company DNV GL, which published its most recent Energy Transition Outlook 2018 recently, and which predicts that this will result in a reshaping of energy investment trends.
Renewable electricity generation will surge 40% by 2017 as technological innovation, rapid deployment and supportive policies underpin growth worldwide, creating a “virtuous cycle” of development and deployment, according to the IEA’s first medium-term study of the global renewable power market.
