Current State of Global Energy
The World Energy Outlook 2021 from the International Energy Agency (IEA) examines the shifts in global energy demand and the challenges associated with achieving net zero emissions by 2050. Here is an 800-word summary addressing the questions on changes in energy demand and main challenges in the future. Changes in Global Energy Demand Over the Last 50 Years In the last five decades, global energy demand has grown significantly, driven largely by economic expansion, population growth, and urbanization. This demand increase spans fossil fuels, which remain dominant, though renewables have grown rapidly in recent years. Until the early 2000s, fossil fuels such as coal, oil, and gas accounted for around 80% of total energy supply, with limited contributions from renewable sources. Factors such as industrialization in developing countries, particularly in Asia, led to an increase in coal demand due to its role in power generation and industry. The oil demand trajectory was more volatile, i...