More than 40 years after the international energy agency iea. The industry advisory board iab to the international energy agency iea will meet on february 24, 2015, at the headquarters of the iea in paris, france in connection with a joint meeting of the ieas standing group on emergency questions seq and the ieas standing group on the oil market som on that day. This position has been explored at length in recent months by the ieas energy and climate change. We focus on the us eias 2017 international energy outlook because the 2018 edition includes limited data for a limited number of countries. Comparison of ieo2016 and iea world energy consumption growth rates by region, 201220. What the iea got wrong on its energy outlook ecowatch. The energy data brief offers key statistics designed to help energy market watchers anticipate and respond to developments in the energy sector as well as changes in related industries and investments. The world energy outlook weo is one of the most heavily scrutinised documents in the annual calendar of publications on the topic. This report by the institute for energy economics and. Largescale shifts include the rapid deployment and steep declines in the costs of major renewable energy technologies. Between 2015 and 2040, world energy consumpt ion increases by 28% in the ieo2017 reference case, with more than half of the increase attributed to nonoecd asia including china and india, where strong economic growth drives increasing demand for energy. 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. One of the five measures focuses on increasing energy efficiency in the industry, buildings and transport sectors. The ieas latest longterm forecasts highlights the growth of unconventional oil and gas, especially in north america, but does not see this leading to much lower oil prices.
For the last 1015 years, ieas central scenario projections for new renewables have been consistently outpaced realworld developments. Impossible becoming possible as clean energy surges. The csis energy and national security program hosted dr. The world energy outlook series is a leading source of strategic. Director and senior fellow, energy and national security program, csis. In this report the iea makes a detailed assessment of current flows and future investment needs along the entire energy value chain and examines financing options and barriers to realisation. Igu reaction to the iea world energy outlook 2015 greater. The iea was initially dedicated to responding to physical disruptions in the supply of oil, as well as serving as.
Iea analysis for 2015 shows renewables surge, led by wind, and improvements in energy efficiency were key to keeping emissions flat for a second year in a. The iea says that it does not make forecasts in its outlook. Ieas 2010 report and the outlook for peak oil nov 10. Iea world energy outlook 2015, presentation to the press. Back in september we summarized the results of the energy information administrations international energy outlook ieo for 2017, its global forecast of energy supply and demand earlier this month, the international energy agency iea issued its latest global forecast, the world energy outlook 2017 weo2017 so we thought wed give readers a quick rundown of ieas findings, focusing. Ieas world energy model does attempt to base its forecasts on a dropping cost of solar and wind. The world energy outlook 2015 weo2015 will present updated projections for the evolution of the global energy system to 2040, based on. International energy agency releases its world energy outlook. Iea energy efficiency 2018 and world energy outlook 2018 kevin lane brussels, 27 november 2018 iea. Primary energy demand in india by fuel 20 775 mtoe 24% 1% 2% 44% 6% 23% source. Fatih birol, executive director at the international energy agency iea, to present the ieas world energy outlook 2016. Answers to these questions and a host of others are to be found in the pages of weo2014, based on new projections which. The ieas world energy model was used to project the impact of indcs on energy sector demand, supply, emissions and investment trends through to2030, using the economic and energy price assumptions of. Modelling the potential for industrial energy efficiency.
India energy outlook world energy outlook special report 2015. Iea energy efficiency 2018 and world energy outlook 2018. Global demand for energy is projected to increase by 37 percent by 2040 despite no growth in energy demand from the major developed nations countries of the organization for economic cooperation and development. World energy outlook special report on energy and climate. Energy information administration eia, presents longterm annual projections of energy supply, demand, and prices through 2040. The international energy agency iea today launched its eagerly awaited world energy outlook 2010 at the hotel crowne plaza hotel in london. For further information energy information administration.
On november 12, 2014, the international energy agency iea released its world energy outlook 2014 with forecasts of world energy supply and demand to the year 2040. Fatih birol, chief economist and incoming executive director of the international energy agency iea, to present the ieas world energy outlook 2015 special report on energy and climate change. The projections for the future and quality in the past of the world energy outlook for solar pv and other renewable energy technologies conference paper september 2015 with 2,363 reads. Fatih birol, executive director at the international energy agency to present the ieas world energy outlook 2015. The industry sector accounts for more than a third of global final energy consumption and nearly the same share of global energyrelated co2 emissions. Federal register international energy agency meetings.
A large proportion of bioenergy is already from low sustainability risk waste and residue feedstocks. Published every year based on objective data and dispassionate analysis, the world energy outlook weo provides critical analysis and insights on trends in energy demand and supply, and what they mean for energy security, environmental protection and economic development the first weo was published in 1977 and it has been an annual publication since 1998. Total final energy consumption from renewables, 2017 modern bioenergy accounts for 50% of all renewables in total final energy consumption. What is possible with greater efforts on energy efficiency. Ieej8 outlook 2019 reference to 2050 opec9 world oil outlook 2018 reference to 2040 shell10 shell scenarios 2018 sky to 2100 us eia11 international energy outlook 2017 reference to 2050 note. The exposition compares estimates for world liquids fuel demand and supply through the three time frames, along with their main regional and sectorial drivers. According to the document, if governments implement five key policy measures, shown in the ieas bridge scenario, a peak in global energyrelated emissions could be achieved as early as 2020 at no net economic cost. Profound shifts underway in energy system, says iea. World energy outlook 2015 statistics oecd ilibrary dois. Ieas world energy outlook 2015 special report on energy and climate change friday, june 26, 2015 9. Beneath this positive outlook for renewables, however, there are again conservative assumptions. These are some of the questions that are addressed in a special report world energy outlook seriesin the series. World energy outlook 2015 analysis and key findings. The iea carries out a comprehensive programme of energy cooperation among its member countries.
The negotiations there will be based on national pledges, formally known as intended nationally determined contributions, with the goal of setting the world on a sustainable path. As of 14 may 2015, countries accounting for 34% of energyrelated emissions had submitted. For detailed discussion see the weo2015 publications on iea web site. The igu urges policymakers to set clear strategies and policies that include the role natural gas should play in the transition to a sustainable energy future. Energy agencys world energy outlook 2015 with the ieo2016 projections is presented. The iea carries out a comprehensive programme of energy cooperation among. World energy outlook, energy efficiency and cities esmap. The projections for the future and quality in the past of.
How close is the world to using up the available carbon budget, which cannot be exceeded if global warming is to be contained. The resurgence in oil and gas production from the united states, deep declines in the cost of renewables and growing electrification are changing the face of the global energy system and upending traditional ways of meeting energy demand, according to the world energy. Birol highlighted the need for an uptick in upstream investment despite the. This special report, part of the world energy outlook series, assesses the effect of recent.
Energy information administration annual energy outlook 2015 preface the annual energy outlook 2015 aeo2015, prepared by the u. World energy outlook special report 2015 and asia energy outlook 2015. The iea sees solar costs falling by around 40% between 2014 and 2040, and onshore wind around 15%. And, due to technological advancement from hydraulic fracturing and directional drilling, the united states is expected to become the worlds largest oil producer in 2015 and hold that rank through much of ieas forecast period. Overview regional trends oil and gas supply investment fossilfuel subsidies and renewable energy outlook source. 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 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. In their main scenario fossil fuels will still meet more than threefourths of the worlds energy needs by 2035, despite significant growth in renewable energy. The world energy outlook 2015 weo2015 will present updated projections for the evolution of the global energy system to 2040, based on the latest data and market developments, as well as detailed insights on the prospects for fossil fuels, renewables, the power sector and energy efficiency and analysis on trends in co2 emissions and fossilfuel and renewable energy subsidies. The ieas world energy outlook 2016 estimates that china holds 3. Its hundreds of pages of analysis are based on thousands of datapoints, drawn from governments around the world, as well as the ieas world energy model.
World energy outlook 2008 world primary energy demand in the reference scenario. Ieas world energy outlook 2015 center for strategic and. 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 as detailed insights on the prospects for fossil fuels, renewables, the power sector and energy efficiency and analysis on trends in co2 emissions. The world energy outlook 2015 weo2015 will present updated projections for. Evidence is also produced to suggest that ieas world energy outlook has been too pessimistic on the development of wind power and solar energy. Compared with other sectors, however, industrial energy modelling has received less attention due to the variety of subsectors, impact of energysaving measures on product qualities and statistical problems. The iea carries out a comprehensive programme of energy cooperation among its member countries, each of which is obliged to hold oil stocks equivalent to 90. The world is moving towards a crucial climate change meeting in paris in december 2015 cop21. The international energy agencys annual energy projections. World energy outlook 2015 national mining association. Assesses the implications for a global energy system in which india exerts everlarger influence. The report was copublished by iea and its clean energy.
Energy and climate change world energy outlook 2015. Ieas world energy outlook 2015 special report on energy. World energy outlook 2015 executive summary english version. The international energy outlook 2019 provides longterm world energy projections 7. Ieas birol stresses importance of investment on 12 january 2010, dr. The csis energy and national security program is pleased to host dr. India energy outlook world energy outlook special report. These issues and many more are discussed here, with a special focus on india accompanying the customary, indepth weo analysis of the prospects for all fossil fuels, renewables, the power sector and energy efficiency around the world to 2040.
At the press conference, nobuo tanaka, executive director of the iea, began by saying that recent events have cast an. And by 2035, the united states meets almost all of its energy needs from domestic resources. Evaluates the energy security and environmental strains that accompany indias rise and how they can be addressed. India is set for a period of rapid, sustained growth in energy demand. Fatih birol, chief economist of the international energy agency, visited the ief headquarters in riyadh and presented the recently released iea world energy outlook 2009 weo 2009.
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