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. The detailed projections are generated by the World Energy Model, a large-scale simulation tool, developed at the IEA over a period of more than 20 years that is designed to replicate how energy markets function. It covers the whole energy system, allowing for a range of analytical perspectives from global aggregates to elements of detail, such as the prospects for a particular technology or the outlook for end-user prices in a specific country or region.
There is no single story about the future of global energy and no long-term IEA forecast for the energy sector. The WEO uses a scenario-based approach to highlight the key choices, consequences and contingencies that lie ahead, and to illustrate how the course of the energy system might be affected by changing some of the key variables, chief among them the energy policies adopted by governments around the world.
This is an opportunity to hear first hand from the IEA’s chief energy modeler Laura Cozzi and its Head of Division, Energy Supply and Investment Outlooks Tim Gould, about their new analysis of world energy and to question them directly about specific aspects of the report.
Laura Cozzi was appointed the Agency’s Chief Energy Modeller in 2018. As Chief Energy Modeller Ms. Cozzi oversees the Agency’s work on outlooks and forecasts. Ms. Cozzi is part of the senior management team of the IEA. She is also Head of the Demand Outlook Division with responsibility of producing the annual World Energy Outlook, the IEA flagship publication, and the Global Energy Review among others. Ms Cozzi joined the IEA in 1999, and has been leading several editions of the Outlook, and has been co-author of multiple editions of the report. Prior to joining the IEA, Ms. Cozzi worked for the Italian energy company ENI S.p.A. She holds a Master Degree in Environmental Engineering (from Polytechnic Milan) and a Master Degree in Energy and Environmental Economics (from Eni Corporate University).
Tim Gould is co-head of the World Energy Outlook series at the Paris-based International Energy Agency, which is one of the world’s most authoritative sources for strategic insight on long-term energy and environmental trends. As Head of Division, he designs and directs the work on all aspects of energy supply as well as contributing to the Outlook as a principal author. He also oversees the Agency’s work on investment, including the World Energy Investment report.
The World Energy Outlook covers all fuels and energy technologies and uses different scenarios to illustrate the choices that can lead towards a more secure and sustainable energy future. As part of this work, Tim Gould has led in-depth analysis of Africa (2014 and 2019), Southeast Asia (2017, 2019), major oil and gas-exporting economies (2018) China (2017), Mexico (2016), India (2015), Brazil (2013), Iraq (2012), Russia (2011) and the Caspian region (2010). He has also developed and overseen a multi-year programme of analysis on the future of oil and gas and the evolving pressures on industry and major resource-holders, including detailed work on methane abatement and the emissions intensities of different fuels.