The energy complex

ENERGY

While the world is built on energy, a move away from finite fossil fuels to greener, renewable sources of energy is coming. This has the scope to be transformative at the national economic level for resource-rich countries and at the corporate level for those firms that can provide scalable energy solutions and develop new technologies.

Our demand for energy is immense and growing. World energy consumption in 2008 stood at 11,294.9 billion tonnes of oil equivalent, a growth of 195.6% since 1965. At the moment, developed nations use an average of five times more energy per capita than their developing counterparts. However, developing nations are catching up fast; three of the world’s top six energy users are now considered developing nations – China, Russia and India. To put that in context, these top six energy-consuming countries are responsible for 55% of all energy used worldwide. With developing nations such as Ind...