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Foreign Media: By 2040, Fossil Energy In The Global Energy Consumption Accounted For More Than 3/4
Oct 25, 2017

Foreign media: by 2040, fossil energy in the global energy consumption accounted for more than 3/4


"The Australian", quoted the U.S. Energy Information Administration (EIA) said the latest report, by 2040, renewable energy, natural gas and nuclear energy will become the fastest growing source of energy, but coal based fossil fuels will still be the main power.

EIA said in the 2017 International Energy Outlook report that global energy consumption will increase by 28% in 2015 and 2040, in which Asia will contribute most of its increments. During the period, the global coal production will increase by 3%, reaching 85 tons. By 2040, fossil energy accounts for more than 3/4 of the total energy consumption in the world.

The report pointed out that by the middle of this century, fossil energy is still the most important energy. Natural gas will be the fastest growing fossil energy in China and OECD countries, and the decline in coal consumption in these countries will be offset by demand growth in India and other non OECD countries.

EIA said that many countries will continue to use the advantages of low price of coal, vigorously develop the economy". By 2040, China, India, Australia and the United States will still be the world's largest coal producers. China's coal consumption for power generation will increase slowly, and will begin to decline in 2030. By 2035, China's power coal consumption will be lower than the 2015 level.

From 2015 to 2040, the coal consumption in India will maintain steady growth at an average annual rate of 2.6%. By 2020, India will overtake the United States and become the second largest coal consumer in the world.

From 2015 to 2040, coal consumption for electricity generation in Africa, parts of Asia and other non OECD countries will grow at an average annual rate of 2.4%. By 2040, the proportion of coal-fired power generation will remain at about 20% of the total electricity consumption.

By 2040, Asia is still the world's largest coal exporter, and Australia and Indonesia will still be the world's largest coal exporter.

The report also forecasts clean energy, from a global perspective, including renewable energy and natural gas, including hydropower, will be ahead of other energy sources, with an annual growth rate of 2.3%. Wind power, solar energy and hydropower will be the fastest growing energy sources from 2015 to 2040, mainly due to technological progress and government support.

From 2015 to 2040, natural gas power generation will grow at an average annual rate of 2.1%, while the annual growth rate of nuclear power will be 1.5%.

China's carbon emissions will be significantly reduced by using renewable energy, nuclear energy and natural gas instead of coal." EIA report points out.

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