Securing our energy future

ENAR

Worldwide electricity consumption is estimated to grow from  around 20,000 terawatt hours (TWh) today to 35,000 TWh in 2030, putting energy security at the forefront of future planning. While in the past, energy security was largely focused on oil supply, and natural gas supplies were not globally integrated, today a global market in natural gas is linking countries, continents, and energy prices in unprecedented ways—fostering the need for a cooperative approach. Securing the world’s energy future also depends on moving past traditional energy concepts, sources, and approaches. By 2040, 60 percent of the new production capacities are expected to come from renewable sources. Environmental sustainability is closely bound with future energy development in emerging and developing countries in particular, and renewable energy sources and storage have become critical for development and prosperity. Energy security and development The interdependence between energy-producing and energy-consuming countries is increasing due to the shift in