By David Fessler Global energy consumption growth averaged 2% per year for the last two decades. That growth was in lockstep with the growth of the global economy.
But in 2019, it slowed to 0.6%. And this year, COVID-19 is causing the global demand for energy to contract even more.
In the future, economic growth and energy demand will decouple. The economy will continue to chug along, but the demand for energy will slow.
For the next 15 years, annual energy demand growth will be 1% or less. And by 2035, we should see it peak.
Nowhere is that going to be more apparent than in the …read more
