Climate Change News

High Energy Growth, Fossil Fuel Dependence Forecast Through 2040

By then, coal, natural gas, and renewables each will contribute about 30% of global net electricity, new report predicts.

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Fossil fuels continue to play a key role in meeting energy demands through 2040.
Fossil fuels continue to play a key role in meeting energy demands through 2040, according to EIA’s energy outlook. Btu = British thermal unit (~1055 joules). Credit: U.S. Energy Information Administration

The world’s energy consumption will increase by 48% between 2012 and 2040, with fossil fuels accounting for more than 75% of world energy use in 2040, according to the U.S. Energy Information Administration (EIA). Fossil fuels supplied 83% of global energy demand in 2015.

Energy-related carbon dioxide (CO2) emissions will increase 34% during that time span, with annual emissions rising from 32 billion metric tons in 2012 to 43 billion metric tons in 2040, the agency projects. Coal will continue to generate the most energy-related CO2 emissions worldwide, although its share will decline from 43% in 2012 to 38% in 2040, according to International Energy Outlook 2016 (IEO), a new EIA report released on Wednesday at a briefing in Washington, D. C.

 

Meeting Climate Targets

The numbers in the report “indicated the challenge for the world to reduce global CO2 emissions substantially by 2040 and beyond,” Jan Mares, senior policy adviser with Resources for the Future, told Eos. The organization is a Washington, D.C.–based think tank focusing on natural resources and environment issues. Other energy and climate analysts said the new projections indicate that the means of energy production need to shift soon if the world is to achieve climate targets.

The energy outlook forecasts that energy-related carbon dioxide emissions will increase 34% between 2012 and 2040.
The energy outlook forecasts that energy-related carbon dioxide emissions will increase 34% between 2012 and 2040. This chart shows historical and projected world energy-related carbon dioxide emissions by fuel type, from 1990 through 2040, in billions of metric tons. Credit: U.S. Energy Information Administration

“The low hanging fruit, which is substituting [natural] gas for coal, seems to be on track and looks pretty robust,” David Goldwyn, president of Goldwyn Global Strategies, an international energy advisory consultancy, told Eos. “But it’s also clear that we need a big technological step change to get to 2 degrees [Celsius] or even frankly to stabilize emissions at the level we have right now. We’re not there yet, and the growth in renewables, which is mostly hydro, is not going to get us there.”

“A business-as-usual scenario, with no new policies beyond those that exist right now, would be disastrous from a climate perspective,” Rachel Cleetus, lead economist and climate policy manager for the Union of Concerned Scientists, told Eos. “The good news is we are not in a business-as-usual world,” she said, citing the recent Paris climate agreement and commitments by major emitters to cut carbon and increase renewables and efficiency.

The new report includes some details from the Paris agreement but notes uncertainty about whether countries will meet their climate targets. EIA head Adam Sieminski said at the briefing that incorporating country climate pledges into the forecast “is complicated” but that the next  IEO in 2017 “will probably have more to say” about those commitments.

Renewables on Fast Track

According to the EIA, renewable energy will be the fastest-growing energy source, climbing by 2.6% per year, and nuclear energy will increase from 4% to 6% of the energy pie. Coal, which the report deemed “the world’s slowest-growing energy source,” will rise by about 0.6% per year. In 2040, coal, natural gas, and renewables each will contribute just under 30% of the world’s net electricity generation, the report states.

Cleetus told Eos that the EIA forecast likely underestimates contributions from renewables and energy efficiency and does not address the implications of rising methane emissions associated with natural gas use. The forecast “illustrates the pitfalls of an overreliance on natural gas as we shift away from coal,” she also said.

Asian Energy Consumption Continues Rapid Growth

Adam Sieminski, head of the U.S. Energy Information Administration
Adam Sieminski, head of the U.S. Energy Information Administration, presented the International Energy Outlook on Wednesday. Credit: Randy Showstack

The outlook forecasts more than half of the energy growth through 2040 coming from China, India, Indonesia, and other developing countries in Asia.

EIA’s Adam Sieminski said at the briefing that some global issues increase the uncertainty of the forecast, including economic growth rates in China and elsewhere, technological innovations, the future of nuclear generating capacity, the implementation and strength of climate policies, and unrest in oil-producing countries.

—Randy Showstack, Staff Writer

Citation: Showstack, R. (2016), High energy growth, fossil fuel dependence forecast through 2040, Eos, 97, doi:10.1029/2016EO052301. Published on 13 May 2016.

© 2016. The authors. CC BY-NC-ND 3.0
  • Scott Waichler

    The EIA throws cold water on renewables enthusiasts who blithely assume that solar, wind, and hydro can power the world’s transportation, let alone non-transportation consumption of electricity. For now only nuclear power has the practical potential to generate electricity in the large, concentrated amounts needed by society. Unless there is a big breakthrough in energy storage, only liquid fuels are practical for transportation. The world needs concentrated sources of energy like that provided by liquid petroleum. Dispersed energy production and low-density consumption can only go so far.

  • Chuckbladerunner

    I hope oil and gas guy Adam Sieminski is still around in 2040 to see just how wrong his projections are. As Joe Romm has pointed out repeatedly, no technological miracles are needed to replace fossil fuels with renewable sources of energy; we just need to deploy existing technologies more rapidly. Projecting 2.6% growth in renewables is the fossil fuel industries pipe dream. The light vehicle fleet will be mostly electrified, and a majority of the electricity in our grid will be from renewables by mid-century.

  • Toluwalase Josiah Abiodun

    From my own point of view, a higher percentage of the worlds energy supply will always come from fossil fuels. We can only create new technologies to reduce its CO emisssions during its consumption.