The Unbalanced Libra..

I went for another free lunch on Friday. This time, it was a lunch and learn session at the Spinelli's below my office building. The topic was on Energy Outlook till the year 2030.

Had the usual muffins, sandwiches, cookies and coffee for lunch. Learnt a few interesting points on the supply and demand of energy, and also on CO2 emissions. Some points that i jot down during the talk:

• In 2005, the world's population was 6.4 billlion. By 2030, we will have 7 billion
• In 2030, we will have a GDP of 30 trillion in Asia Pacific alone. This is far more than US with a GDP of 26 trillion
• As of today, there are 1.5 billion people who have no access to electricity
• Total global energy demand was 230 million barrels a day (mbd) in 2005. This will increase to 310 mbd in 2030
  
• By 2030, China will make up 10% of the global energy demand, most of which is coal
• Good news ise 70, the world is becoming more efficient in energy use despite the increasing demand for energy. By 2030, we will be 70% more efficient, saving 170 mbd. This is double the growth in our world energy demand
• On CO2 emissions, we will have a 35% increase in fuel demand by 2030, but only 28% increase in Co2 emissions. The US and European countries are showing reduction in their Co2 emissions, but China is not. By 2030, China will make up 40% of the world's Co2 emissions due to their fast and furious economic progress. Somebody gotta stop them from progressing OR teach them how to be more efficient!! Otherwise, soon we will be seeing snow not only in Thailand but in Singapore as well..