Prime minister modi presides over the large energy portfolio, which is spread across. Iea gets hilariously slammed for obsessively inaccurate. Beneath this positive outlook for renewables, however, there are again conservative assumptions. Iea world energy outlook 2015, presentation to the press. Interactive application, including maps and graphs. Demand for natural gas and associated ngls in the u. Transforming the electricity portfolio brookings institution. Gloomy prospects in ieas latest world energy outlook. The world energy outlook weo is the gold standard of longterm energy analysis. Iea bioenergy, also known as the technology collaboration programme tcp for a programme of research, development and demons tration on bioenergy, functions within a framework created by the international energy agency iea. Its prospects and contribution are presented in a dedicated chapter. Supplying the future electricity demand alone will require an. In detail, sector by sector and region by region, the world energy outlook 2009.
The ieo2017 is the first ed ition of this report to include mo del results through 2050, which are. The largest contribution to demand growth almost 30% comes from india, whose share of global energy use rises to 11% by 2040 still well below its 18% share in the anticipated global population. Their accession brings the total number of iea hydrogen members to 31. Oecdiea 20 coal and gas very different regional patterns 500 1 000 1 500 2 000 2 500 3 000 asia europe and usa coal gas weo primary energy consumption mtoe. The world energy outlook weo is the ieas annual report on the state of the energy sector from a global perspective, providing comprehensive analysis of the interplay between energy policy, markets, and technology development. Eias annual energy outlook provides modeled projections of domestic energy markets through 2050, and it includes cases with different assumptions regarding macroeconomic growth, world oil prices, and technological progress. India and the iea on energy statistics, which has led to the creation of cross. It includes detailed energy profiles of 11 countries that represent threequarters of the regions gross domestic product and energy demand, including nigeria, south.
Oil and gas forecast to 2050 energy resources, events. Department of energys office of energy efficiency and renewable energy. Renewable energy technology is becoming increasingly cost competitive and growth rates are in line to meet levels required of a sustainable energy future, the international energy agency iea. Contacts the international energy outlook 2016 was prepared by the u. This report does not aim to provide definitive answers, not least because of the wide diversity of oil and gas companies and company. Iea world energy outlook 2017 introduces sustainable. Instead, it provides a set of scenarios that explore different possible futures, the actions or inactions that bring them about and the interconnections between different parts of the system. Energy efficiency a major factor in the global energy balance is treated in much the same way as conventional fuels. Southeast asia is another rising heavyweight in global energy, with demand growing at twice the pace of china. Much stronger policy action is required to move us to a secure and sustainable energy future and to provide energy for all. The international energy outlook 2019 provides longterm world energy projections 7. Its allencompassing annual studies of oil, natural gas, coal, electricity and renewables are indispensable tools for energy policy makers.
Iea consecutively cuts oil demand growth forecast oil. The iea was initially dedicated to responding to physical disruptions in the supply of oil, as well as serving as. Global energy outlook 2015 international energy forum. In 2016, the world energy council and its scenarios. Paul holtberg, team leader, analysis integration team paul. Canada, a founding member of the iea hydrogen implementing agreement, officially rejoined on 26 november 2019. Despite widespread promotion of energy eciency policies, global energy demand is expected to continue rising over coming decades. Energy market projections are uncertain because the events that shape future developments in technology, demographic changes, economic trends, and resource availability that drive energy use are fluid. The csis energy and national security program is pleased to host dr. Views, findings and publications of iea bioenergy do not necessarily represent the views or policies of the iea secretariat.
Global energy outlook 2015 this paper assesses trends in the global energy sector through 2040 by harmonizing multiple projections issued by private, government, and intergovernmental organizations based on methods from global energy outlooks comparison. Ieas world energy outlook 2015 center for strategic and. The ieas most recent world energy outlook weo projects in its reference. What would it take for this to happen and what would it mean for energy security and for the energy transition. State and local policies likely to promote renewable growth. Support global collaboration on energy technology to secure future energy. Southwestern energy climate change and scenario analysis 1. The latest world energy outlook from the international energy agency iea projects that primary energy demand by 2040 will be more than a quarter higher.
The iea sees solar costs falling by around 40% between 2014 and 2040, and onshore wind around 15%. The international energy agency the iea, which was established in november 1974, has over the years gained recognition as one of the worlds most authoritative sources for energy statistics. This flagship publication in the global energy scene outlines three energy scenarios. The annual world energy outlook weo is the worlds most authoritative source of energy market analysis and projections, providing critical analytical insights into trends in energy demand and supply and what they mean for energy security, environmental protection and economic development. Renewable energy becoming cost competitive, iea says. The weo projections are used by the public and private sector as a framework on which they can base. Infrastructure and energy alter iea stock price, quote. Maybe the most exciting highlight to come out of the report is the ieas belief that, over the next 25 years, the worlds growing energy needs are met first by renewables and natural gas. Learning from failure advises future projects may require business model innovation, es pecially in newtoworld applications. The 2018 edition provides updated analysis to show what the latest data, technology trends and policy announcements might mean for the energy sector to 2040.
Jim diefenderfer, director, office of electricity, coal, nuclear, and. In the africa case, although the size of the economy in 2040 is fourtimes larger than today, total primary energy demand is only 50% higher energy use in this case is actually lower than in the stated policies scenario even though economic growth is significantly stronger. Iea hydrogen is pleased and proud to welcome two new contracting party members, canada and portugal. World energy outlook 2011 international energy forum ief. Iea modernising energy efficiency through digitalisation initiative, a presentation by david nemtzow, building technologies office, u. Iea world energy outlook, 2002 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 1970 1980 1990 2000 2010 2020 2030 million tonnes of co2 world oecd transition economies developing countries world emissions increase by 1. Eias international energy outlook 2017 ieo2017 presents an assessment of longterm world energy markets. Iea, world energy outlook total energy and climate 300 0 300 600 900 1200 1500 united states japan european union other oecd china india middle east other nonoecd sub saharan africa mtoe lowcarbon fuels fossil fuels 100 % 80 % 60 % 40 % 20% share of lowcarbon fuels, 2040. Portugal, a renewable energy leader, joined on 7 january 2020. Iea expect gas oil demand in the marine sector to rise about 200,000 bd in 2019 and 900,000 bd in 2020. Technology development requires longerterm focus and is unpredictable benefits from a portfolio approach.
India is set for a period of rapid, sustained growth in energy demand. The world energy outlook does not provide a forecast of what will happen. There is no single story about the future of global energy and no longterm iea forecast for the energy sector. Find the latest infrastructure and energy alter iea stock quote, history, news and other vital information to help you with your stock trading and investing. Africa energy outlook 2019 is the ieas most comprehensive and detailed work to date on energy across the african continent, with a particular emphasis on subsaharan africa. Data detailed by region with updated statistics by region. Projections in the annual energy outlook 2019 aeo2019 are not predictions of what will happen, but.
Renewables and energy efficiency are two keys act 6. The iea examines the full spectrum of energy issues including oil, gas and coal supply and demand, renewable energy technologies, electricity markets, energy efficiency, access to energy, demand side management and much more. Despite this increase in energy demand, around twothirds of the worlds population in 2040 still live in countries where average energy consumption per head is. Ieas world energy outlook 2017 center for strategic and. The international renewable energy agency irena, the international energy agency iea, and the renewable energy policy network for the 21st century ren21 have joined forces to produce a new publication, renewable energy policies in a time of transition, in a first collaboration of this nature. Policies and recommendations article pdf available in science of the total environment 670 march 2019 with 663 reads how we measure reads. The world energy outlook series is a leading source of strategic insight on the future of energy and energyrelated emissions, providing detailed scenarios that map out the consequences of different energy policy and investment choices. Hsfo consumption will decline 300,000 bd yearonyear in 2019 and by 1.
This is the topic taken up by the international energy agency iea in this report, which builds on a multi. New iea analysis finds that globally, the oil and gas industry can feasibly reduce up to 75 percent of its current methane emissions. Renewable energy infrastructure kayne anderson capital. Energy is integral to economic prosperity, with demand projected to grow rapidly in developing countries and steadily in the rest of the world. The presentation will include updated projections for the evolution of the global energy system to 2040, based on the latest data and market developments, as well. The international energy agencys iea 2017 world energy outlook weo forecasts four shifts that will shape the global energy system over the next 25 years, including expanding electrification, declining cost and rapid expansion of renewables, growing us oil production and cleaner and more diversified energy production in china. Energy technology for a sustainable future transport. Fatih birol, executive director at the international energy agency to present the ieas world energy outlook 2015. And the report examines the outlook for brazils energy sector in detail and the implications for the global energy landscape. The oil and gas industry in energy transitions iea. A read is counted each time someone views a publication summary such as the title, abstract, and list of authors, clicks on a figure, or views or downloads the fulltext. Governments must be at the heart of reaching sustainable energy goals, fatih birol, executive director of the international energy agency iea, told the 18 november official brussels launch of world energy outlook weo 2019.
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