Society’s progress is intrinsically related to energy. Access to safe, reliable and affordable energy is a critical enabler of higher living standards, including a longer and healthier life. Today a significant portion of the global population still faces serious challenges in accessing energy on a daily basis, negatively impacting health and preventing many from fully realizing their potential. The challenges become even greater considering that by 2040 the global population is projected to grow to 9.2 billion from 7.5 billion today.
Improving access to energy and a growing global economy will lead to better economic opportunities, higher incomes and improved living conditions for many. As countries move up the human development index, the improving living standards are associated with increased energy use. Today, almost 50 percent of the global population lives in countries that rank low to medium on the U.N.’s human development index. Advancing development for nearly half the world’s population creates the potential for significant global energy growth.
World GDP doubles
Trillions of 2010 dollars
Non-OECD leads growth
Purchasing power expands
Middle class almost doubles
Technology enables energy efficiency
Global efficiency limits demand growth