Energy Demand to Soar in China and India

The International Energy Agency (IEA) projected in its 2008 World Energy Outlook that emerging markets’ energy demand will soar from thru the year 2030. Among the developing countries India and China are estimated to be big consumers of energy as the graph shows below.

Energy demand in developed world is estimated to be in slow growth mode. The OECD Observer article noted:

“Some of today’s largest energy consumers are of course not members of the agency, a fact that directly influences how we work. Our own projections show that non-OECD countries collectively will account for 87% of the increase in primary energy demand between 2006-2030, with China and India alone claiming over 50% of this growth.”

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