- IEA projected India’s energy supply to rise from 42 exajoules (EJ) in 2022 to 53.7 EJ in 2030 and 73 EJ in 2050.
- Oil demand would rise from 5.2m bpd in 2022 to 6.8m bpd in 2030 and 7.8m bpd in 2050 under the stated policies scenario.
The International Energy Agency (IEA) has said that India’s demand for electricity for running household air conditioners is estimated to expand nine-fold by 2050 and will exceed total power consumption in Africa today. In its latest World Energy Outlook, IEA said India will see the most significant energy demand growth of any country or region globally over the next three decades.
It projected India’s energy supply to rise from 42 exajoules (EJ) in 2022 to 53.7 EJ in 2030 and 73 EJ in 2050 under stated policy scenarios. Also, the projections show that it will rise to 47.6 EJ by 2030 and 60.3 EJ by 2050, as per announced pledges. Projections show that oil demand would rise from 5.2 million barrels per day (bpd) in 2022 to 6.8 million bpd in 2030 and 7.8 million bpd in 2050 under the stated policies scenario. Under announced pledges, this demand is seeking 6.2 million bpd in 2030 and 4.7 million bpd in 2050.
IEA said that over the past five decades, India witnessed over 700 heatwave events, which have claimed over 17,000 lives. Fuelled by its geographic and meteorological conditions, air conditioner ownership in India has been steadily rising with growing incomes, tripling since 2010 to reach 24 units per 100 households. “The impact of cooling needs on electricity consumption is already clear,” the Paris-based agency said. Electricity demand is sensitive to temperatures, and in India’s case, there is a sharp increase in demand as temperatures cross the 25-degree Celsius threshold.”