Shifting Trends of Global Energy Usage
The way in which we power our everyday lives has changed rapidly over the past few decades. Projections show that the global primary energy demand will have risen from 17m terajoules in 1850 (the aftermath of the industrial revolution) to 718m terajoules by 2050.
While demand is rising, driven mainly by developing economies, factors such as growing environmental concerns have prompted a shifting trend in how this growing need for energy is met.
One of the ways these changes are being tracked is through a ‘Global Energy Architecture’ which monitors the effectiveness of each country’s contribution to this move away from fossil fuels and other environmentally harmful methods of powering our world.
This concept was devised after the 2012 World Economic Forum (WEF) and since then, WEF and Accenture have compiled data on 127 countries year-on-year. These nations are rated on the following criteria: Economic Growth & Development, Environmental Sustainability and Energy Security & Access.
From these figures we’re able to determine the most and least energy efficient countries around the world.
Issues remain, however, ranging from resource and supply chain implications to roadblocks in the advocation of electrification and decarbonisation. The hope is that, through a collaboration spanning multiple nations, a course of action can be agreed upon to meet these problems head on.
Despite these setbacks, real progress is being made. Coal’s demand is due to peak by 2028, gas by 2035 and oil by 2037. This means that by 2030, we’re likely to see a real drop off in fossil fuel usage and – with advancing technology and affordability in renewables – the world seems set for a greener future.
The following infographic, courtesy of Roof Stores, tracks these shifting trends in energy usage and investigates how things will change in the coming decades on a global scale.