- Nov 22, 2019 4:00 pm GMT
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Energy demand will rise by 1.3% a year to 2040 and strain various segments of the energy market, according to International Energy Agency (IEA). Low-carbon sources, led by solar PV, supply more than half of this growth, and natural gas accounts for another third. Oil demand flattens out in the 2030s, and coal use will edge lower. One shift has been occurring. Shale output from the United States is set to stay higher for longer than previously projected, reshaping global markets, trade flows and security. Do the findings surprise you? How do you see the market evolving in the long term?