Why we are uncertain about the future of energy
- Created by: Amy Brown
- Created on: 04-06-14 13:16
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- Why we are uncertain about the future of energy
- Hard to predict energy demand as it is strongly affected by:
- Economic growth rates
- Conservation of resources
- Pace at which the world can switch to renewable sources of power
- Issue of Peak Oil
- International Energy Agency predicted peak oil production to occur between 2013 and 2037 whilst USGS predicted it at least 50 years away
- Global Energy Uncertainty
- The scale of the possible switch to renewable energies
- Discovery of new energy technologies
- Size of undiscovered oil and gas reserves
- Impact of rising living standards
- Scale of global population growth
- Future performance of the global economy
- Emergent economies energy demands
- Hard to predict energy demand as it is strongly affected by:
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