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2018 Outlook for Energy: A View to 2040

2018 Outlook for Energy: A View to 2040

Full Title: 2018 Outlook for Energy: A View to 2040
Author(s): Exxon Mobil Corporation
Publisher(s): Exxon Mobil Corporation
Publication Date: March 1, 2018
Full Text: Download Resource
Description (excerpt):

What will the world’s energy picture look like in the future?

To answer this question, we need to start by analyzing the world’s long-term demographic and economic trends. 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.

All statements and/or propositions in discussion prompts are meant exclusively to stimulate discussion and do not represent the views of, its Partners, Topic Directors or Experts, nor of any individual or organization. Comments by and opinions of Expert participants are their own.

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