Global Energy Consumption Paradigm: Future Trends and Trajectory

Abstract

The energy debate and its discourse have changed drastically in the 21st century. The paradigm will go on changing with the coming time. This phenomenon will be in context of the consumers and producers; as well as the environment alike. Unlike the earlier times, today energy stands critical not just for the west but also for other consumer markets. This paper intends to address the energy consumption pattern and its changing paradigm. The new parameters of the global growth and development has been impacting the levels of energy consumption, thus, the changing statistics and fluctuating markets will see a tremendous increase and shift in the consumption pattern. The central theme of the paper is that, with the globalization process, the high income pockets have become largely vulnerable. The paper analyses the increased energy consumption and its future speculation. The paper also discusses the long term consumption trajectory.