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World Energy Outlook

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The IEA co-organised the International Energy Workshop in June 2013. Please click below for details:

World Energy Outlook 2014

WEO-2014 cover‌(TO BE RELEASED ON 12 NOVEMBER 2014)

The global energy landscape is evolving at a rapid pace, reshaping long-held expectations for our energy future. The 2014 edition of the World Energy Outlook  will incorporate all the latest data and developments to produce a comprehensive and authoritative analysis of medium- and longer-term energy trends. It will complement a full set of energy projections – which extend from today through, for the first time, the year 2040 – with strategic insights into their meaning for energy security, the economy and the environment. Oil, natural gas, coal, renewables and energy efficiency will be covered, along with updates on trends in energy-related CO2 emissions, fossil-fuel and renewable energy subsidies, and universal access to modern energy services. The WEO-2014 will also provide in-depth analysis of some topical energy sector issues:

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  • Energy sector investment: The analysis will provide a detailed assessment of current flows and future investment needs along the entire energy value chain, examining the scale of investment required and financing options. The report will also show how barriers to investment vary according to the strength of decarbonisation policies. (WEO Special Report to be released 3 June)
  • Africa: This continent-wide focus, paying particular attention to the energy outlook for sub-Saharan Africa, will include data and projections for the entire region as well as for its key energy-producing and consuming countries. Key elements for analysis will be the prospects for improving access to modern energy services and for developing the region’s huge resource potential in a way that contributes not only to regional and global energy balances but also to local economic and social well-being. (WEO Special Report to be released 13 October)
  • Nuclear power: Uncertainties continue to cloud the future for nuclear – government policy, public confidence, financing in liberalised markets, competitiveness versus other sources of generation and the looming retirement of a large fleet of older plants. The study will assess the outlook for nuclear power and its implications.

Press Quotes

10 April 2014, Platts

Despite the expected growth of US LNG exports, Europe has "no hope" of seeing gas prices near US levels due to transportation costs, Fatih Birol, the International Energy Agency's chief economist said Thursday.

13 March 2014, Business Week

Subsidies mess with the law of supply and demand, discouraging investment in both alternative energy and fossil fuel exploration. “It’s a failed policy,” says Fatih Birol, chief economist for the International Energy Agency (IEA), “but we see that many countries continue to follow it.”

26 February 2014, Downstream Today

The U.S. shale revolution has helped reshape the global energy market, but Middle Eastern oil will remain vital for meeting future Asian energy demand, Fatih Birol, chief economist for the International Energy Agency (IEA), told attendees Feb. 21 at an event at Rice University in Houston.


World Energy Outlook 2013

WEO-2013 cover

Released on 12 November 2013

Large differences in regional energy prices are set to affect industrial competitiveness, influencing investment decisions and company strategies. The extraordinary rise of light tight oil in the United States will play a major role in meeting global demand growth over the next decade, but the Middle East –  the only large source of low-cost oil –  will remain at the centre of the longer-term oil outlook. India is set to overtake China in the 2020s as the principal source of growth in global energy demand. 

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Bringing together the latest data and policy developments, the World Energy Outlook 2013 presents up to date, projections of energy trends through to 2035, fuel by fuel, sector by sector, region by region and scenario by scenario. Oil is analysed in-depth: resources, production, demand, refining and international trade. Energy efficiency is treated in much the same way as conventional fuels: Its prospects and contribution are presented in a dedicated chapter. The report examines the outlook for Brazil's energy sector and provides updates on three key areas of critical importance to energy and climate trends: (i) achieving universal energy access; (ii) developments in subsidies to fossil fuels and renewables; and (iii) the impact of energy use on climate change.

World Energy Outlook 2013 - special early reports:

- Special Report Redrawing the energy-climate map released 10 June
- Special Report Southeast Asia Energy Outlook released on 2 October

WEO User Survey

Thank you to all WEO readers who participated in the online user survey. Your feedback was greatly appreciated. A random draw was held to determine the recipients of five copies of WEO-2014. Congratulations to the winners: Peter Knutzen, Bengt Johansson, Kevin Noone, Henk Reimink and Toshio Sagane!

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