Energy Economics
1.Predictions included in the International Energy Outlook 2007The International Energy Outlook 2007 (IEO 2007) forecasts a significant increase in the worldwide energy consumption over the next 20 years. Thus, according to IEO's projections, the energy use will increase by 57% from 2004 to 2030. Yet, despite the overall ascending trend, the report emphasizes the difference existing between OECD and non-OECD countries. Hence, if the former category boasts a more mature economy with a well established infrastructure and a relatively slow population growth, the latter accounts for a considerable slice of the world energy use because of its high economic and demographic growth rate (http://www.eia.doe.gov/oiaf/ieo/world.html).Consequently, if the OECD region will have an average annual rate of 0.8% in terms of energy consumption, the non-OECD one is expected to reach an average of 2.6% per year. The main culprits for such gap are said to be China and India which are ranked among the world's most prominent consumers. Yet, they are not the only actors that bare the burden of high consumption as regions like Central and South America, Middle East and Africa and non-OECD Europe and Eurasia join them with annual average rates of 2.4%
Such advantage can't be neglected especially that statistics point out a 90% dependence on imports for oil and 80% dependence for gas. Even though his words incorporate a significant dose of ambition and ego, the assertion is reassuring as it expresses the intention to continue transactions with the rest of the world. Therefore, if we take into account the possibility of running out of oil, China will surely resort to coal especially that it is the world's greatest producer and consumer of coal. That is why it has built projects to transform dirty coal into clean gas. At the antipode of the category earlier described, one could mention the non-OECD countries which boast a much stronger relationship. The influence exerted on the environment is wide.
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