We used up nearly 138.6 quadrillion calories of energy in our everyday lives, for the production of goods and services, and for travelling to and from places, in 2010. By 2050, this number is predicted to come up to 226.8 quadrillion calories.
The previous September, a report was published by the International Energy Agency which stated an increase of 50%, in 2050 settings, in the minimum energy requirement. Internationally, between last year and 2050, the industry’s energy requirements are predicted to rise by 30%, whereas the energy needs of the transportation industry are predicted to rise, in Organization for Economic Cooperation and Development member nations, by 40%, and in non-OECD nations, by 80%.
In the previous year, renewable energy services met 15% of the global energy demand. They are predicted to meet 28% of the demand in 2050. The same rates will lessen from 32% to 27% for oil and liquid fuels, whereas natural gas will continue its share of 22%. Coals share is predicted to decline from 26% to 20%, whereas the nuclear energy share is predicted to drop to 4% from 5%. Hence it is an urban legend that the fossil fuels will suffer a substantial loss in 2050 in terms of meeting the global energy requirements. Conclusively the “international energy competition war'” between the Atlantic and the Asia-Pacific the Middle East and the Gulf, will keep up at the same speed.