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Essay heading: Is The World Heading For A Global Recession
Essay specific features
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Business |
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| Date added: |
February 13, 2009 |
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| No of pages / words: |
3 / 783 |
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0 times |
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Essay content:
By 2020, some experts predict, according to Tomorrow's Markets, “the world's energy consumption will be 40% higher than it is today.” Efficiency, improvements, and conservation are part of the solution, but will not, in themselves, meet the need for more energy. The biggest leap in energy consumption will come from emerging economies, like China and India, where “populations are expected to grow by 25% over the next two decades, and economic output and standards of living will rise dramatically... displayed 300 characters
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Energy demand in China and India alone is expected to double by 2025. Energy demand in China and India alone is expected to double by 2025. But the issue isn't limited to developing countries.” (Hargreaves 5).
Rising energy demand in developed countries will add to the pressure on supply. “The US, for example, is home to 4% of the world's population but is consuming 25% of the world's energy” (Cassara and Lykle 24... displayed next 300 characters
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