By 2040, world population is expected to reach 9.2 billion people, up from 7.4 billion today. Over that same period, global GDP will likely double; billions of people are expected to join the global middle class.
Rising living standards for expanding populations worldwide mean a dependence on reliable modern energy. The global energy demand is expected to rise by about 25 percent by the year 2040. That is roughly equivalent to adding another North America and Latin America to the world’s current energy demand.