World Energy Outlook
The world’s current population stands at over 6.8 billion people, three times more than 50 years ago, and according to the United Nations Population Division, is set to rise to 9.1 billion people by 2050.
The total fuel consumption worldwide in 1973 was 4.672 Mtoe. By 2006 this figure had grown to 8.084 Mtoe, according to the IEA (International Energy Agency).
The total of CO2 emissions worldwide in 1973 was 15.640 Mt of CO2. By 2006 this figure had grown to 28.003 Mt of CO2, according to the IEA.
Fuel shares of TPES in 2030
The Total Primary Energy Supply (TPES) outlook for 2030 will be of 17.721 Mtoe for the Reference Scenario (RS2030) and 15.783 Mtoe for the Alternative Policy Scenario (APS2030). The projected amount of alternative and renewable energy sources being used in the energy matrix worldwide for these scenarios is of 10.8% for the RS2030 and 14.0% for the APS2030. These include combustible renewables and waste, geothermal, solar, wind, tide, etc.
The industrialisation of emerging markets, such as China, India, Brazil and Indonesia with their rapid economic growth has put a further strain on the global energy sector and raised concerns on long term availability and sustainable use of conventional fossil fuel supplies.
The combination of these factors has had an impactful effect on both the global climate and the growth of the global economic panorama. They have created an increasing need for alternative and renewable sources of energy and the creation of new systems to support them through governmental policies and incentives.
Environmental pressures and concerns over the security of energy supply are paving the way for new, innovative and sustainable sources of energy in response to growing demand for electricity worldwide.
It is within this global outlook that HLC EH finds itself extremely well placed, given its track record, to participate in this worldwide energy demand.
