Laszlo Varro, Chief Economist, The International Energy Agency The International Energy Agency recently released the first ever detailed analysis of investment across the global energy system. In this inaugural annual report on energy investments around the world, the International Energy Agency (IEA) looks at the lifeblood of the global energy system: investment. The ability to attract and direct capital flows is vital to transitioning to a low-carbon economy while also maintaining energy security and expanding energy access worldwide. The success or failure of energy policies can be measured by their ability to mobilise investments. The new report measures in a detailed manner the state of investment in the energy system across technologies, sectors and regions. The analysis takes a comprehensive look at the critical issues confronting investors, policy-makers, and consumers over the past year.
Tags: IEAWorld-Energy-Investment-Varro-IEA.pdf 1.78 MB
World Energy Outlook 2016 Special Report on Energy and Air Pollution Energy-related air pollution leads to millions of premature deaths and costs the global economy trillions of dollars each year. As the world’s population grows and demand for energy services swells, the already high costs of air pollution are at risk of increasing dramatically. This groundbreaking special report launched ahead of the full World Energy Outlook 2016 provides new analysis to help decision makers evaluate different policy paths and to provide clear recommendations for future action. Around 6.5 million premature deaths each year can be attributed to air pollution Energy production and use are by far the largest man-made sources of air pollutants Technologies to tackle air pollution are well known. Clean air is an imperative for good health, but despite growing attention to this issue the problem is far from solved, and the health impacts risk getting worse in the decades to come. The scale of this public health crisis and the importance of the energy sector to its resolution explain why this IEA special report, the latest in the World Read more…IEA_Energy-and-Air-Pollution.pdf 884.64 KB
Dan Dorner, Senior Analyst, International Energy Agency. In advance of the crucial COP21 climate meeting in Paris in December, the IEA report responds to the key needs of decision-makers by setting out the energy sector implications of known national climate pledges, putting forward a clear, pragmatic strategy to advance climate goals through the energy sector without blunting economic growth, and identifying specific energy sector needs from a COP21 agreement in order to support the successful transition to a low-carbon energy system. The report: Presents a detailed first assessment of the energy sector impact of known and signalled national climate pledges for COP21 Proposes a bridging strategy to deliver a near-term peak in global greenhouse-gas emissions, based on five pragmatic measures that can advance climate goals through the energy sector without blunting economic growth Highlights the urgent need to accelerate the development of emerging technologies that are, ultimately, essential to transforming the global energy system into one that is consistent with the world’s climate goals Recommends four key pillars on which COP21 can build success, from an energy sector perspective To Read more…IEA-energy-climate-change-report-Dan-Dorner-250615.pdf 970.69 KB
Questions about the adequacy, sustainability and reliability of the future of the global energy system often boil down to questions about investment. Will policy create enough opportunities in Europe after a decade of mostly underperforming investments in the power market? Will sufficient financing be available, on suitable terms, for new wind farms to be build? What are the implications of high capital costs of LNG for Europe’s hope to diversify its gas supply? What risks for fossil fuel investments could arise as a result of stronger decarbonisation policies? And will investment be channelled towards areas that address – or exacerbate – the contribution made by the energy sector to climate change? These are some of the questions that are addressed in a special report World Energy Outlook Seriesin the series. 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. Download the World Energy Investment Report Download Citi Energy Darwinism Report Listen to podcast of the presentation to BIEE Read more…World-Energy-Investment-Outlook-Fatih-Birol.pdf 1.48 MB
Dr Fatih Birol. Chief Economist, International Energy Agency.Redrawing-the-Energy-Climate-Map-IEA-July-151.pdf 2.66 MB
Dr. Fatih Birol, IEA March Global challenges and trends in energy use, supply and carbon emissions are outlined. Headline trends include; decreasing global energy efficiency, increased spending on energy imports in the EU and a significant increase in global demand to 2035. Economic concerns have diverted attention from energy policy and limited the means of intervention. Emerging economies continue to drive global energy demand, with the Middle East and North Africa meeting most of oil demand growth to 2035. Coal was the most significant fuel from 2000-10 but a golden age for (unconventional) gas is predicted to 2035. In 2010 global fossil fuel subsidies were $409 billion and renewable energy subsidies were $66 billion. Energy poverty is widespread with 1.3 billion people with no access to electricity and 2.7 billion with no access to clean cooking facilities. Delivering modern energy for all would have significant health benefits and a positive impact on energy security and carbon emissions. Action to reduce global carbon emissions is increasingly urgent with high carbon lock in possible by 2017. There is an urgent need for Read more…Energy Challenges of Our Time - 2012.pdf 845.28 KB
Dr. Fatih Birol, International Energy Agency Provides an overview and insights into the 2010 WEO. It is suggested that recently announced policies can make a difference, but fall well short of what is needed for a secure and sustainable energy future. In respect to oil, growing demand for mobility in emerging economies is driving up use, production is shifting away from crude and oil will come from fewer producers; the view is that the age of cheap oil is over, though policy action could bring lower international prices than would otherwise be the case. Gas is seen as playing a key role in meeting the world’s energy needs and it is asked whether we may be entering a golden age for gas. It is also recognised that the stronger penetration of natural gas could have profound implications for energy markets and the environment. Although renewables are entering the mainstream, long-term support is needed to boost their competitiveness. Detailed information is provided on climate change and emission reductions, with a recognition that a lack of ambition in Copenhagen/Cancun has increased the Read more…
Tags: BRICS, CCS, China, Climate change, CO2, Consumption, Electricity generation, Emissions, Energy systems modelling, EU, Export, Fatih Birol, Fossil fuels, Fuel poverty, GDP, Global, IEA, Import, LNG, Natural gas, OECD, Oil markets, OPEC, Power generation, Pricing, Production capacity, Resources, Supply demand balance, Unconventional gas, Volatility, world energy outlookWorld Energy Outlook A glimpse into the future of energy.pdf 539.08 KB
Dr. Fatih Birol, International Energy Agency An overview of the 2010 WEO Reference Scenario to 2030 is provided, discussing: changes in primary energy demand; upstream oil and gas capital expenditures; oil production, issues and prices; and natural gas supply, transportation, prices and market trends. The 450 Scenario is also described in respect to how demand by fuel type needs to change and the abatement of CO2 emissions; along with some key facts relating to the EU, China and the Copenhagen Accord. Some key findings include: the financial crisis has halted the rise in global energy use, but its long-term upward path will resume, based on current policies; oil investment has fallen sharply, posing questions on medium term supply; a sizable glut of natural gas is looming; a 450 path will require massive investments but would bring substantial benefits; natural gas can play a key role as a bridge to a cleaner energy future; and the Copenhagen Accord takes significant steps forward on international climate policy but is not sufficient to limit temperature rise to 2 degrees.
Tags: BRICS, CCS, China, Climate change, CO2, Consumption, Electricity generation, Emissions, Energy systems modelling, EU, Export, Fatih Birol, Fossil fuels, Fuel poverty, GDP, Global, IEA, Import, LNG, Natural gas, OECD, Oil markets, OPEC, Power generation, Pricing, Production capacity, Resources, Supply demand balance, Unconventional gas, Volatility, world energy outlookWorld Energy Outlook Post Copenhagen.pdf 2.79 MB
Dr Fatih Birol, International Energy Agency The context for the 2008 WEO includes: soaring energy prices to mid-2008, followed by a collapse; the financial crisis and economic slowdown; the possibility that economic worries will divert attention from strategic energy-security and environmental challenges; a possible supply-crunch once the economy recovers; and questions over what will come out of the COP-15 in Copenhagen. Each of these issues is discussed in respect to possible impacts for global energy demand and supply, set out through the IEA’s Reference Scenario and the climate policy scenarios (550 and 450). Details are provided on world primary energy demand, including the role of coal, oil, gas and electricity, and the prospects for oil and gas supplies. The summary suggests that: current energy trends are unsustainable —socially, environmentally, economically; oil will remain the leading energy source but the era of cheap oil is over and the oil market is undergoing major and lasting structural change; energy and geopolitics will be increasingly interconnected; the world’s energy system need to be decarbonised; and the financial crisis can plant the seeds for Read more…
Tags: BRICS, CCS, Climate change, CO2, Consumption, Electricity generation, Emissions, Energy systems modelling, Export, Fatih Birol, Fossil fuels, Fuel poverty, GDP, Global, IEA, Import, LNG, Natural gas, OECD, Oil markets, OPEC, Power generation, Pricing, Production capacity, Resources, Supply demand balance, Unconventional gas, Volatility, world energy outlookWorld Energy Outlook 2008.pdf 1.14 MB