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Global energy fundamentals


What will the world’s energy picture look like in the future?
To find the answer, start by studying the world’s long-term demographic and economic trends.

Energy trends overview

By 2040, world population is expected to reach 9.2 billion people, up from 7.4 billion today. Over that same period, global GDP will likely double. As a result, per capita GDP is projected to rise significantly, particularly in the non-member countries of the Organisation for Economic Co-operation and Development (OECD). Billions of people are expected to join the global middle class.

Rising living standards for expanding populations worldwide mean a dependence on reliable modern energy. Combined, they are expected to help drive up global energy demand by about 25 percent by the year 2040. That is roughly equivalent to adding another North America and Latin America to the world’s current energy demand.

The world will need to pursue all economic energy sources to keep up with this considerable demand growth.

Energy and economic projections

Energy supports living standards

Energy fuels human development

World demographics continue to shift

Non-OECD leads economic expansion

World GDP doubles; World GDP growth

Purchasing power expands

Unprecedented middle-class growth

Technology helps us do more with less

Global efficiency limits demand growth