LAPSE:2023.25611
Published Article
LAPSE:2023.25611
Aggregated World Energy Demand Projections: Statistical Assessment
Ignacio Mauleón
March 29, 2023
The primary purpose of this research is to assess the long-range energy demand assumption made in relevant Roadmaps for the transformation to a low-carbon energy system. A novel interdisciplinary approach is then implemented: a new model is estimated for the aggregated world primary energy demand with long historical time series for world energy, income, and population for the years 1900−2017. The model is used to forecast energy demand in 2050 and assess the uncertainty-derived risk based on the variances of the series and parameters analysed. The results show that large efficiency savings—up to 50% in some cases and never observed before—are assumed in the main Roadmaps. This discrepancy becomes significantly higher when even moderate uncertainty assumptions are taken into account. A discussion on possible future sources of breaks in current patterns of energy supply and demand is also presented, leading to a new conclusion requiring an active political stance to accelerate efficiency savings and lifestyle changes that reduce energy demand, even if energy consumption may be reduced significantly. This will likely include replacing the income-growth paradigm with other criteria based on prosperity or related measures.
Keywords
energy demand projections, future demand and supply breaks, intervals of uncertainty, long historical time series, statistical estimation
Suggested Citation
Mauleón I. Aggregated World Energy Demand Projections: Statistical Assessment. (2023). LAPSE:2023.25611
Author Affiliations
Mauleón I: Department of Economics and Business, Universidad Rey Juan Carlos, 28933 Madrid, Spain
Journal Name
Energies
Volume
14
Issue
15
First Page
4657
Year
2021
Publication Date
2021-07-31
Published Version
ISSN
1996-1073
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PII: en14154657, Publication Type: Journal Article
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doi:10.3390/en14154657
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