India Energy Week 2024: OPEC Secretary General says global energy demand to soar 23% by 2045

The global energy demand will rise between now and 2045 by 23% and require about $14 trillion in investments over the next 20 years to meet global energy demands, OPEC’s Secretary General Haitham al-Ghais said. Speaking at the India Energy Week in Goa, he added that the oil demand will also continue to rise.

He participated in the panel session titled “Ensuring energy security for nations and industry in a VUCA (volatility, uncertainty, complexity, and ambiguity) world.” He noted that the need for energy security and reducing emissions go hand-in-hand.