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Fossil fuel to remain dominant, says latest study
May 30: Projections on the extent and quatum of fossil fuel use in the future depend on which side you are representing.
8The perspective from those who are advocates of new technology is very different from those who are in the fossil fuel industry.
8Looking at it from the fossil fuel industry point of view, there is a continued increase in demand well into the forseeable future,  with most of the extra demand coming from developing countries.
8Even if renewable energy makes inroads and there are broad gians in energy efficiency, demand for fossil fuels will contine to grow
8Withint the mix however coal will play a less important role while gas will be the dominant fuel.
8Here are the key findings accordng to a new report:
8World energy consumption increases from 549 quadrillion Btu in 2012 to 629 quadrillion Btu in 2020 and then to 815 quadrillion Btu in 2040, a 48% increase (1.4%/year). Non-OECD Asia (including China and India) account for more than half of the increase.
8The industrial sector continues to account for the largest share of delivered energy consumption; the world industrial sector still consumes over half of global delivered energy in 2040.
8Renewable energy is the world’s fastest-growing energy source, increasing by 2.6%/year; nuclear energy grows by 2.3%/year, from 4% of the global total in 2012 to 6% in 2040.
8Fossil fuels continue to supply more than three-fourths of world energy use in 2040.
8By 2030, natural gas surpasses coal as the world’s second largest energy source while oil maintains its leading edge.
8Shale gas, tight gas and CBM will make up the bulk of gobal gas consumption
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