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‘China, India account for 50% of world energy demand’
July 26, 2013, 9:14 am

[Xinhua]

Energy use in emerging countries is expected to rise 90 per cent by 2040 [Xinhua]

Growth in China and India will drive world energy consumption, which is set to increase 56 per cent by 2040, says a new report.

The US Energy Information Administration (EIA) released its International Energy Outlook 2013 report on Thursday.

“Rising prosperity in China and India is a major factor in the outlook for global energy demand,” said EIA official Adam Sieminski.

“These two countries combined account for half the world’s total increase in energy use through 2040,” he said.

World energy consumption is set to increase from 534 quadrillion British thermal units (Btu) in 2010 to 820 quadrillion Btu in 2040, says the report.

Energy use in emerging countries, outside the OECD club of developed economies is expected to rise by 90 per cent in the same period.

Russia and the US will jointly account for nearly one-third of the total increase in world gas production.

Currently, Russia is the biggest exporter of energy while China is the biggest consumer.

With inputs from Agencies