IEA: gas and RES to meet 85% of the energy demand growth by 2040

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20171204_1.jpg “Low carbon” sources and gas will meet 85% of the predicted growth in the global demand from now until 2040. This reads the World Energy Outlook 2017 of the IEA, presented in Rome on Friday by Executive Director of the Agency Fatih Birol, in the presence of Ministers for Development and the Environment, Carlo Calenda and Gianluca Galletti.
In the “New Policies Scenario,” the Outlook predicts that the growth in the energy demand will remain strong until the middle of the next decade and then it will slow down due to a lower demand for oil in passenger transportation as a result of higher efficiency and the use of alternative fuels.
The global gas trade, points out IEA, will go up by 706 billion m3 in 2016 to 1,230 bln m3 in 2040, with the LNG share that will increase from 39% to 59% in the period under study.
When speaking at the Outlook presentation, Calenda underlined that the energy transition is “ a challenge we are not afraid of,” as Italy is “well established.” Moreover, according to Calenda, the transition is also “a great opportunity because mature economies grow only through technological advances.”
However, added the Minister, the current transformation “needs rapid investments and changes that cannot wait.” It is necessary to “diversify the sources” and maintain a “competitive price.” In this respect “due account has to be taken of gas as the best transition instrument.”

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04 December 2017 - 17:31 CET