India will overtake the European Union as the world's third largest energy consumer by 2030, the International Energy Agency (IEA) said
the International Energy Agency (IEA) forecasted India overtaking the European Union as the world's third-largest energy consumer by 2030.
An expanding economy, population, urbanisation and industrialisation will result in India's energy needs growing at three times the global average under today's policies, according to IEA's India Energy Outlook 2021.
Energy use has doubled since 2000, with most of that demand met by coal and oil. This is set to grow about 35 per cent until 2030, down from 50 per cent before the coronavirus pandemic.
India will see the addition of 13 new Mumbais in urban population, boosting demand for cement, steel, electricity, he said.
Birol said policymakers needed to ensure the next wave of growth is met with renewable energy sources such as solar.
India at present is the fourth-largest global energy consumer behind China, the United States and the European Union.
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