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Forget ‘Peak Oil’: We Could Reach ‘Peak Demand’ for Energy Before 2030

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A new report from the World Energy Council has found that per capita energy demand will peak in the next decade or so.

The report, launched at the 23rd World Energy Congress in Istanbul, states that “unprecedented efficiencies created by new technologies and more stringent energy policies” would see primary energy demand growth diminish and per capita energy demand peak before 2030.

World Energy Scenarios 2016 – The Grand Transition, was produced by the WEC “in collaboration” with Accenture Strategy and the Paul Scherrer Institute.

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This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam

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