"China and India hold the world's fate in their hands as energy use skyrockets in poorer countries. "
The Energy Shift now under way is as much geographical as it is technological. Case in point: By 2040, the developing world will account for 65 percent of the world's energy consumption, according to a report released today by the United States Energy Information Administration.
That's up from 54 percent in 2010, and over the next three decades energy consumption is predicted to grow at a 2.2 percent annual clip in non-OCED (Organization for Economic Cooperation and Development) countries. OCED nations – including Europe, the US, Canada and Australia – in contrast, will see their energy use increase by just 0.5 percent a year, roughly in line with population growth.
