Global energy demand grows at an average annual rate of 1.2% in the future

ExxonMobil recently released the latest annual report "Energy Demand Outlook to 2030." The report said that global energy demand will increase at an average annual rate of 1.2% from 2005 to 2030.
ExxonMobil said that the forecast was made on the premise of improving energy efficiency and integrating various feasible energy development, climate risk technologies and public policies. With the growth of population and economic development, global oil demand is expected to increase from 229 million barrels per day in 2005 to 310 million barrels per day in 2030. Oil, natural gas and coal will continue to occupy approximately 80 percent of the world's energy demand. With a share of %, nuclear power will continue to increase, and the production and use of renewable energy such as wind power, solar energy, and biofuels will also expand rapidly.
The report predicts that from 2005 to 2030, the demand for transportation fuel, which accounts for more than half of the total oil demand, will continue to grow. In developed countries, due to the continuous improvement of fuel efficiency, their transportation fuel demand will be relatively stable; the demand of developing countries may at least double.
Global CO2 emissions in 2030 are expected to increase by nearly 30% from 2005. By 2030, carbon dioxide emissions in the United States and Europe will begin to decline, but emission reductions will be offset by larger increases in emissions from developing countries.

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