Coal is to remain an important source of electricity generation for Nigeria and other countries of the world, Nigeria’s second biggest oil company, has said. The company, which said this in its latest report, projected that the global electricity demand will rise by about 85 per cent, as living standards rise, economies expand and the need for electrification of society continues. The report entitled: “The Outlook for Energy: A view to 2040,” noted that about half of the projected global growth in electricity demand through 2040 will be from the industrial sector. The study showed that increased need for manufactured goods that accompanies economic growth and a rising middle class industryis expected to derive a greater share of its energy from electricity as advanced manufacturing, automation and control technologies will continue to transform the sector.
Besides, it noted that strong growth also will be seen in the residential/commercial sector, as rising living standards reflect greater electricity consumption by individuals through the wider use of products like air conditioning, water heaters, appliances, computers and smart devices. “The electricity to charge smartphones shows up predominantly in the residential/commercial sector. Electricity used to manufacture smartphones and other consumer goods is in the industrial sector, along with the electricity to operate the data centers and networks that provide the content accessed by smartphones”, the report said. Coal is expected to remain an important source of electricity generation, but its share of delivered electricity is expected to drop from 40 per cent to about 25 per cent over.
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