Last week, the world population reached 7 billion. Almost concurrently, NRG Expert released new forecasts which show that, given the current rate of population growth, global electricity supply is not likely to keep pace with future energy needs.
According to the new study, the energy tipping point is only about 20 years from now. NRG Expert predicts that 2032 will be the pivotal year where global electricity demand is likely to surpass supply based on global generation.
Of course, population growth isn’t the only factor that impacts the sustainability of the world’s energy supply. As NRG Expert points out, depleted natural resources and the phasing out of nuclear power in developed and developing countries also play a role.
A new report from Capgemini seems to draw a similar conclusion. The 13th edition of the European Energy Markets Observatory (EEMO) found that energy consumption growth in developing countries, the Fukushima accident and the slowing down of the needed investments made by utilities all will have negative consequences on the security of energy supply and greenhouse gas emissions in Europe. (more…)