In contrast to the emerging economies, increases in energy consumption for the mature market economies and transitional economies are projected to be more modest. In the case of the mature market economies, well-established energy consumption patterns and infrastructure, along with a shift from energy-intensive industries to services, lead to a projected growth rate for energy demand that averages 1.1 percent per year over the projection period, compared with 3.2 percent per year in the emerging economies. Although a robust economic growth projection for the transitional economies should spur energy demand, the outlook for growth in the region’s energy use is moderated somewhat by projected declines (i.e., improvements) in energy intensity as the EE/FSU countries continue to replace older, inefficient capital stock.
Energy Quotes
In contrast to the emerging economies, increases in energy consumption for the mature market economies and transitional economies are projected to be more modest. In the case of the mature market economies, well-established energy consumption patterns and infrastructure, along with a shift from energy-intensive industries to services, lead to a projected growth rate for energy demand that averages 1.1 percent per year over the projection period, compared with 3.2 percent per year in the emerging economies. Although a robust economic growth projection for the transitional economies should spur energy demand, the outlook for growth in the region’s energy use is moderated somewhat by projected declines (i.e., improvements) in energy intensity as the EE/FSU countries continue to replace older, inefficient capital stock.
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