Fueling the Dragon & Feeding the Tiger [video]
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The economies of China and India are both growing at an annual rate of roughly 7% and sustaining these growth rates requires equivalent, or even greater growth rates in the energy use that enable them. Raising standards of living, growing economies, and growing populations in the world’s two most populous countries paint a very sobering future for global energy demand in the decades to come. China’s explosive growth over the last two decades was fueled primarily by domestic coal. However, its current and future growth is heavily dependent on energy imports, primarily oil and natural gas. Similarly, India, which is already dependent on imports for 40% of its energy needs will depend heavily on more of the same for future growth. Based on economic and population growth estimates, by 2050 India and China will have a combined population of 3 Billion and be responsible for half of global energy demand.
NPS Defense Energy Seminar
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