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Energy supply evolves to meet diverse demand

  • Oil remains the primary fuel, essential in transportation and chemicals
  • Gas demand rises the most, largely to help meet increasing needs for electricity and to support rising industrial demand
  • Oil and gas continue to supply about 55 percent of the world’s energy needs through 2040
  • Coal’s share falls as the OECD and China turn to lower emission fuels
  • Nuclear demand almost doubles 2015-2040 led by China
  • Wind, solar and biofuels average combined growth of about 5 percent per year, reaching about 4 percent of global energy demand