Economic development increases the demand for energy. This is true for countries at all income levels, although as economic growth progresses, the demand tends to increase more in the low- and middle-income countries than in high-income ones. But energy remains a key ingredient for economic growth at all stages of development.
With 5.4 billion people living in low and middle-income countries—out of a global population of 6.5 billion—energy demand will very likely continue to grow at a fast pace for many years to come. [...]
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