Give a brief description of the future projection of world energy demand as per EΙΑ International Energy Outlook2004.
The International Energy Outlook (IEO) 2004, published by the U.S. Energy Information Administration (EIA), provided a comprehensive analysis of the projected global energy demand and its trends up to 2025. The report highlighted significant shifts in energy consumption patterns, driven by economic development, population growth, and the changing structure of energy supply and demand. In this projection, the EIA emphasized that global energy consumption would continue to increase significantly, primarily due to the rapid industrialization and population growth in non-OECD (Organisation for Economic Co-operation and Development) countries, especially in Asia.
According to the IEO 2004, global energy demand was expected to grow by 2 percent annually from 2001 to 2025. This growth rate would be driven by the increasing demand for energy in developing countries, while the demand in OECD countries would grow at a slower pace due to more mature and energy-efficient economies. Non-OECD nations, particularly China and India, were projected to experience _____ _________ ______ ____ ___.
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