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Beyond the supercycle: How technology is reshaping resources

Back to Technology, demand, and resources

Beyond the supercycle: How technology is reshaping resources

Three trends—reduced intensity and higher efficiency in energy demand; technical advances cutting the price of renewables, and increased efficiency in extraction and production due to new technologies—have the potential to unlock around $900 billion to $1.6 trillion in savings throughout the global economy in 2035, an amount equivalent to the current GDP of Canada or Indonesia.

At least two-thirds of this total value is derived from reduced demand for energy as a result of greater energy productivity, while the remaining one-third comes from productivity savings captured by resource producers.

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Technology will create opportunties for energy savings and increased resource productivity.

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Project Syndicate: China’s renewable-energy revolution

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