Energy demand and economic growth has always been positively correlated — faster the economic growth, higher the demand for energy. However, a change of pattern is visible with decoupling between the rates of economic growth and energy demand, which in the decades ahead will become even more pronounced, says a report.
This would not be due to reduction in energy demand but on the account of new technologies and larger trends which will cause the energy demand curve to flatten, said McKinsey in a recent report based on its latest global energy perspective. McKinsey said the research is part of an effort spanning several years, examining the supply and demand of 55 types of energy across 30 sectors in some 146 countries.
