Please join the Center on Global Energy Policy for a presentation by Eirik Wærness, Chief Economist at Statoil, of the company’s recently released 2013 “Energy Perspectives” report describing the long-term macroeconomic and market outlook. The report sees global primary energy demand growing by 40% by 2040. Growth will mainly come from non-OECD countries, where energy demand will rise by more than 60% by 2040. Other findings include:
- Increase in demand expected for all energy sources but considerable improvement in global energy efficiency
- Demand for oil expected to rise by ~15 million barrels per day by 2040 to ~100 million barrels per day
- Increasing role for natural gas, contributing to reduced carbon emissions
- Strong growth seen for new renewables from 1% market share to 8% in 2040
- CO2 emissions projected to increase until ~2030 then decrease towards 2040
A moderated discussion will follow. Registration is required. This event is open to press.
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