21 Oct '11, 2pm

The world is becoming less energy intensive #energy

The world is becoming less energy intensive #energy

The latest Scoreboard has been released by the IEA, which has decided to focus this year on energy efficiency. According to the report, the world is becoming less energy intensive, with the level of total primary energy supply required for each “unit” of gross domestic product (GDP) falling. The IEA also found that global energy production fell by 1% in 2009, due to a 2% decline in world GDP; highlighting that it is the first time since 1974 that global energy experienced a decrease, except in 1980 after the second oil shock. In 2009, China surpassed the US as the world’s largest consumer of energy, primarily because the impact of the economic crisis was less severe on China than in other parts of the world. It was found that as the global economy recovered, global energy output increased by 4.5% in 2010 – a higher level than in 2008. The IEA reports that since 1974, energ...

Full article: http://www.renewableenergymagazine.com/energias/renovable...

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