"The development of the economy in many countries will be accompanied by an increase in electricity consumption. Of course, if we take into account new technologies related to energy saving, the rate of increase in consumption of energy sources will be much lower than the growth rate of the world economy. According to forecasts, by 2040, the world economy will grow about twice as much as today, but overall energy consumption will increase. only increased by 30%" - Mr. Novak continued.

Russian Energy Minister: Electricity will dominate in the future

Head of the Ministry of Energy of the Russian Federation Alexander Novak said that the world energy market will follow the path of development of the electricity industry.

We are living in an era of electrical revolution. Electricity appeared a hundred years ago, but only now has the electricity industry truly entered a period of active development. Managing the production and use of electricity is one of the development directions of the energy industry today" - Mr. Novak spoke at the XIX World Festival of Youth and Students in Sochi, Russia.

"The development of the economy in many countries will be accompanied by an increase in electricity consumption. Of course, if we take into account new technologies related to energy saving, the rate of increase in consumption of energy sources will be much lower than the growth rate of the world economy. According to forecasts, by 2040, the world economy will grow about twice as much as today, but overall energy consumption will increase. only increased by 30%" - Mr. Novak said next.

But, in the future, the energy structure will change and the balance of energy use will increasingly tilt towards electricity consumption: "Today we consume energy in many different forms and with many types of fuel. different types of coal, oil, gas, geothermal energy, solar energy, wind energy, nuclear energy... But every year, we begin to consume more energy in the form of electricity With the ever-deepening popularization of information technology, we need more and more electricity."

Mr. Novak said, with the development of advanced technology, electricity production will account for a large part of the energy balance. According to forecasts, by 2040, electricity production will grow equivalent to the world economy, meaning twice as much as today, while energy production in general will only increase by 30%, the head of the Ministry said. Russian Energy emphasized.

Ba Thuy

According to RT