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International Energy Agency offers outlook

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Published: Nov. 8, 2007 at 10:51 AM
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PARIS, Nov. 8 (UPI) -- The Paris-based International Energy agency projects growth in global energy demand of more than 50 percent between 2005 and 2030.

In its report Wednesday, the agency also projected that fossil fuels will account for 84 percent of the increase in demand, with coal accounting for the largest increase. With such large increases in electricity consumption, it's estimated that approximately $22 trillion of investment in supply infrastructure will be required to meet demand.

Developing countries are expected to contribute 74 percent of the increase in global energy use, with China and India accounting for 45 percent.

The IEA's World Energy Outlook 2007 provides a framework for policy that lawmakers and others can use to analyze future energy developments and energy policy options in China and India as well as other developing nations.

© 2007 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

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