BP's Energy Outlook 2035 projects that:
- Global primary energy demand will increase 41% by 2035, with growth averaging 1.5% per year and nearly all growth occurring in non-OECD countries.
- China's contribution to energy demand growth will fade after 2030 as its rapid industrialization ends, while India's contribution increases to match China's.
- Gas grows the fastest of fossil fuels but its share plateaus at 27% by 2035, as does oil and coal, with no single dominant fuel. Renewables' share doubles to 7%.
- The power sector accounts for an increasing portion of primary energy use and plays a key role in shaping the fuel mix through competition between
1. BP Energy Outlook 2035
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January 2014
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