OEF Rapid Review
According to the 2017 BP Statistical Review, rapid growth and improving prosperity mean growth in energy demand is increasingly coming from developing economies, particularly within Asia, rather than from traditional markets in the OECD. However, the drive to improve energy efficiency is causing global energy consumption overall to decelerate. Global carbon emissions are improving, and this can be traced back to the changes in the pace and pattern of economic growth and energy consumption within China. Globally, wind and solar power grew strongly, accounting for almost a third of the increase in primary energy last year.
LINK TO THE SOURCE ARTICLE:
BP’s Bob Dudley: Long-Term Energy Market Shifts
