Global energy demand will continue to increase due to population growth. In a recent Hydrocarbon Engineering report, Emma McAleavey writes that even with energy efficiency measures in place, residential, commercial, and industrial demand for energy will grow between 2010 and 2040.
Fortunately, North America and Europe will see the lowest increase in demand. Building code updates, energy efficiency mandates, and investment in alternative sources of energy are able to keep the rate of increase down to 20 percent. McAleavey reports, though, that it could’ve been 50 percent—at par with Asia, a budding mega-economy.