The U.S. Energy Information Administration (EIA) released its annual energy outlook on Tuesday, projecting world demand for petroleum will rise 35 million barrels per day (mbpd) to 118 mbpd by 2030. World marketed energy consumption is projected to grow by 57 percent between 2004 and 2030, the EIA said. The most rapid growth in energy demand will occur among nations outside the Organization for Economic Cooperation and Development (OECD), especially in non-OECD Asia. The United States, China, and India together account for nearly half of the projected growth in world liquids use. OPEC producers are expected to account for 21 mbpd of the expanded oil production by 2030. Production from unconventional resources (including biofuels, coal-to-liquids, and gas-to-liquids) increases by nearly 8 million barrels per day and accounts for 9 percent of total world liquids supply in 2030, according to the report. Coal consumption is expected to be the fastest growing source of energy, expanding at an average annual rate of 2.2 percent, assuming that existing laws and policies remain in effect through 2030, the report said. At the same time, nuclear power capacity in many parts of the world is expected to grow sharply as well, rising from 368 gigawatts in 2004 to 481 gigawatts in 2030. The EIA report also noted that energy-related carbon dioxide emissions are projected to rise from 26.9 billion metric tons in 2004 to 33.9 billion metric tons in 2015 and 42.9 billion metric tons in 2030. 2004 marked the first time in history that emissions from the non-OECD exceeded those from the OECD countries, according to the report.
