CHAPTER 3 Sustainable growth

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SCAN hERE FOR MORE INFORMATION ON ThE CEO 2030

OUTLOOK 2030:

THE EnERgy Of THE fUTURE

EMISSIONS The increase in

emissions will be offset by increased efficiency and renewables.

DEMAND Global energy

demand will increase at half the rate of the last 15 years due to improvements in efficiency.

ChEMICALS The demand for

chemicals will experience an exponential increase due to the larger middle class, exceeding the growth of the energy markets.

ENERGY MIx The global energy

mix will continue to be dominated by fossil fuels, despite the fact that their percentage will drop due to the rate of growth of renewables.

GAS natural gas will be the

fastest growing fossil fuel, overtaking coal as the second highest source of energy; nevertheless, its role in producing electricity will depend on the penetration of renewable energy.

ELECTRICITY Electricity will be the

fastest growing end type of energy given the increase in global demand from all sectors.

OIL The demand for

oil will continue to increase, although at a slower rate due to the improvement in the efficiency of fuels and the penetration of alternative energies.

RENEWABLES Wind and solar power

will have the highest percentages of generation of new electricity due to the decrease in life-cycle costs.