Global energy consumption will likely increase through 2050 and outpace advances in energy efficiency, the U.S. Energy Information Administration (EIA) said Wednesday.
Global population growth, increased regional manufacturing and higher living standards will contribute to the increase in consumption, the EIA said. Global carbon dioxide emissions from energy will increase by 2050 in most scenarios outlined by the EIA.
Global electric-power generating capacity by 2050 is expected to increase by a range of 50% to 100%, and electricity generation by 30% to 76%, the EIA said.Electricity generation from renewables and nuclear could provide as much as two-thirds of global electricity generation by 2050, according to the EIA.
Sales of electric vehicles are expected to reach two billion by 2050, with the peak of the internal combustion engine expected between 2027 and 2033, DeCarolis said.
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