According to the recent report released by British Petroleum (BP) on World Energy Outlook (to 2035), China is expected to be the largest growth market for energy, although it is likely to be overtaken by India.
According to the recent report released by British Petroleum (BP) on World Energy Outlook (to 2035), China is expected to be the largest growth market for energy, although it is likely to be overtaken by India. The report raises three noteworthy points –
• Lower energy intensity resulting in energy demand growing by only a third of global GDP growth;
• De-carbonisation of fuel-mix with non-fossil fuels estimated to take a larger energy pie at the expense of coal and account for half of the energy growth over 20 years; and
• The growth rate of carbon emissions is predicted to plummet to one-third versus past 20 years, led by faster efficiency gains and changing fuel mix.
This story is from the May 2017 edition of Indian Economy & Market.
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This story is from the May 2017 edition of Indian Economy & Market.
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