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Published in:
2013 | OriginalPaper | Chapter
Introduction
Author : Gawdat Bahgat
Published in: Alternative Energy in the Middle East
Publisher: Palgrave Macmillan UK
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For most of the modern era fossil fuels — oil, natural gas, and coal — have provided the lion’s share of global energy supplies. Their relative shares have fundamentally changed, but they have continued to dominate the energy mix in almost every country in the world. This trend is likely to prevail in the foreseeable future. However, other fuels, particularly nuclear power and renewable energy, such as that derived from wind and solar have attracted substantial attention and investments and are projected to provide an incremental share of supplies in the coming years and decades. According to a recent report by ExxonMobil oil, gas and coal will make up about 80 per cent of total energy consumption in 2040. Nuclear power will grow on average at about 2.2 per cent a year, a substantial increase, but lower than projections prior to the 2011 Fukushima disaster in Japan. Finally, wind, solar, and other renewable resources will see strong growth and account for about 4 per cent of global demand by 2040.1