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residential comm by fuel chart

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Residential/Commercial electricity demand surges

  • Energy shifts reflect rising living standards and increasing urbanization through 2040
  • Electricity demand rises 70 percent, accounting for 90 percent of demand growth from 2015-2040, and reaching a share of 40 percent in 2040
  • Natural gas use grows about 20 percent, keeping its share around 20 percent through 2040 
  • Biomass demand peaks, aided by growing access to modern energy in non-OECD nations, with its share declining to about 20 percent in 2040

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