Why IEA, OPEC and EIA have such different outlooks for energy consumption

Regardless of the source, whether oil, gas, or nuclear, OPEC expects energy consumption to rise by a total of 35%, the highest estimate. The EIA projection is 28% and the IEA’s NPS model 27%. If the policies proposed by the IEA are enacted, the SDS estimate is a far more optimistic 2% increase in energy consumption. Key factors used for modelling energy consumption are population growth, GDP per capita changes and energy consumption averages of industrial and household products. Read more here.

Share

Leave a Reply

Your email address will not be published. Required fields are marked *