Policy & Regulation
Gas and renewables set for growth amid rising demand
The IEA’s 2019 World Energy Outlook appears to throw weight behind the view that rising global energy demand will be met mostly by a combination of renewables and gas in the longer term The IEA’s 2019 World Energy Outlook appears to throw weight behind the view that rising global energy demand will be met mostly by a combination of renewables and gas in the longer term.
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The Stated Policies Scenario in the International Energy Agency’s (IEA’s) World Energy Outlook 2019 sees global energy demand rising by 1% per year to 2040, marking a slowdown from the 2% average annual growth seen since 2000. Growth will be led by Asia, and in particular India, the IEA said in the report, which was published on Wednesday. Under this scenario, renewables – led by solar photovoltaic – will supply over 50% of demand growth while gas – boosted by rising LNG...
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