Fossil fuel subsidies were $312 billion in 2009 and were $558 billion in 2008 The Fossil fuel consumption subsidies increase with higher oil prices. If oil subsidies were removed then oil demand would be 4.7 million barrels per day lower in 2020.
China’s electricity demand is projected to triple from 2008 to 2035.
China and India will drive world energy demand growth
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.