This BP Energy Outlook 2035 Infographic depicts the key themes from (2014′s) BP Energy Outlook 2035. According BP’s annual report, North America will become a net exporter of energy around 2018, Asia will account for nearly all of the growth in energy trade, China will consume the most energy, biofuels production will continue upwards, and the U.S. will make major progress towards achieving energy independence. If this report comes true, then we will be seeing a very different set of conditions related to energy production and consumption by 2035.
Also, the report predicts a complete breakout of GDP from energy, or, in other words, a decoupling of energy from economic growth between now and 2035, a process which has already begun.
More (U.S.) points:
• Fossil fuels still account for 80% of US energy demand in 2035, down from today’s 85%, driven by the increase of renewables in power generation from 2% to 8%.
• Energy consumed in power generation rises by 10% and while coal remains the dominant fuel source, its share drops from 43% to 35%.
• Energy consumed in transport falls by 18%. Oil remains the dominant fuel source, but its share falls from 95% to 83% as both biofuels and natural gas capture an 8% share by 2035.
Biofuels are to account for 3% of global liquids supplies in 2035, equal to 1.9 millions of barrels per day.
Lastly, this graphic shows a guesstimate of biofuels in relation to all the other liquid fuel supply types by 2035 – on the global level.