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TopWorld Energy Outlook
The precipitous fall in oil prices, continued geopolitical instability and the ongoing climate changes are witness to the dynamic nature of today’s energy situation. In a time of so much uncertainty and confusion, understanding the implications of the shifting energy landscape for economic and environmental goals and for energy security is vital to future world’s stability and sustainable economic growth for all nations.
As stressed in the introduction the world undergoes a severe energy crisis. As shown in Figure 1, while the conventional energy resources reach their end the renewable energy sources still fail to replace them, a fact that has many consequences not only to the future of the energy production but also to the environment, as the gas emissions still increase rapidly.
Figure 1. Energy Use by sector until 2035 Source: OECD
So now more than ever it is of outmost importance to concentrate our efforts to develop solutions that will lead to an environment friendly and energy independent future. Throughout the world the data are not encouraging. For 2001 to 2004 the primary energy consumption showed a large increase; 1.3% for Europe, 1.1% for USA, 2.2% for South and Central America, 5.3% for the Middle East, 3.7% for Africa and 8.6% for Asia Pacific, which implies an overall increase of the world’s energy consumption by 3.7%. Even with the lowest possible estimations a 2% average annual growth is going to lead to double by 2037 and triple by 2050, energy demands. (Filippín & Larsen, 2007)