Industry & Economy
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Petroleum
OECD countries to raise energy consumption by 12 pc
Sudhanshu Ranade
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Non-OECD countries by 43 pc between 2003 and 2010
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Chennai
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Dec. 19
The Organisation for Economic Co-operation and Development (OECD) countries will increase energy consumption by 12 per cent between 2003 and 2010; non-OECD countries by 43 per cent.
Higher rates of growth in conjunction with a larger base will increase the gap rapidly thereafter. Unless India and China graduate into the OECD; in which case non-OECD consumption levels, and growth rates, will plummet.
With the share of residential energy (at 17 per cent) in total consumption remaining unchanged in both OECD and non-OECD countries, use of energy for residential purposes, too, will grow faster in non-OECD countries.
However, because of the lower base, even faster growth will leave the present per capita ratio of 5:1 practically unchanged. The manufacturing sector, despite its relatively small size in GDP, is the largest consumer of energy in both OECD (37 per cent) and non-OECD (58 per cent) countries; and will register the fastest growth in energy consumption (33 per cent).
This is mainly because the already larger energy consumption by non-OECD countries (75 as compared to 60 quadrillion BTUs) is expected to grow much faster (by 47 as compared to 17 per cent).
According to the CIA Fact Book, value added in manufacturing by OECD and non-OECD countries is about $8.8 trillion and $5.3 trillion, respectively. This means that every dollar of value added in manufacturing by non-OECD countries takes twice as much energy (14,150 BTUs) than manufacturing in OECD countries (6,818 BTUs).
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