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You're reading: International Energy Agency: World demand for energy resources to more than triple by 2035

World demand for energy resources will more than triple by 2035, while 60% of this growth will be concentrated in China, India and the Middle East, according to the World Energy Outlook 2012 prepared by the International Energy Agency (IEA).

The agency experts said electricity consumption would grow two times faster than overall energy consumption. China by 2035 will need as much new capacity as is now jointly used by the United States and Japan.

About one-third of the new generating capacities to be built by 2035 will be used to replace decommissioned ones. Renewable energy sources by 2015 will rank second in the world in terms of electricity production and account for about half of coal energy, and by 2035 the share of electricity produced by renewable energy sources will get close to coal power plants, the IEA considers.

The continued growth in the hydropower section, the rapid development of wind and solar energy has strengthened the position of renewable energy sources as an integral component in the structure of the world energy. Solar energy will be developed more intensively than other areas of renewable energy, the document reads.

The agency experts believe that biomass consumption for electricity and biofuel generation by 2035 will quadruple, increasing the volume of international trade. The world bioenergy resources are more than sufficient to meet the projected demand for biofuel and biomass without competing with food production.

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