(RELEASED ON 12 NOVEMBER 2014)
Does growth in North American oil supply herald a new era of abundance - or does turmoil in parts of the Middle East cloud the horizon? How much can energy efficiency close the competitiveness gap caused by differences in regional energy prices? What considerations should shape decision-making in countries using, pursuing or phasing out nuclear power? How close is the world to using up the available carbon budget, which cannot be exceeded if global warming is to be contained? How can sub-Saharan Africa's energy sector help to unlock a better life for its citizens?
Answers to these questions and a host of others are to be found in the pages of World Energy Outlook 2014 (WEO-2014), released on 12 November in London.
Read more about WEO-2014 | Order WEO-2014
Bringing together the latest data and policy developments, the WEO-2014 presents up to date projections of energy trends for the first time through to 2040. Oil, natural gas, coal, renewables and energy efficiency are covered, along with updates on trends in energy-related CO2 emissions, fossil-fuel and renewable energy subsidies, and universal access to modern energy services.
World Energy Outlook 2014 - special early reports:
- World Energy Investment Outlook
- Africa Energy Outlook
The World Energy Outlook is recognised as the most authoritative source of strategic analysis of global energy markets. It is regularly used as input to the development of government policies and business strategies and raises public awareness of the key energy and environmental challenges the world is facing.
20 November 2014, National Geographic
The International Energy Agency (IEA) has released its World Energy Outlook (WEO) 2014report, which for the first time provides energy trend projections through the year 2040. Among the key challenges in the next two and a half decades is, a 37 percent rise in global energy demand, driven mainly by emerging markets in Asia, Africa, the Middle East and Latin America. Asia will account for 60 percent of global growth in demand, and by early 2030s, China may surpass the U.S. as the world’s largest oil consumer.
20 November 2014, Handelsblatt
In spite of rising greenhouse gas emissions, the International Energy Agency (IEA) sees signs of hope for a global climate treaty . “The agreement between Barack Obama and Xi Jinping is cause for optimism”, said IEA chief economist Fatih Birol, presenting the latest World Energy Outlook on Wednesday in Berlin . According to the report, the rapid increase in climate-damaging coal consumption in China is set to come to a standstill from 2020 but more needs to be done. The World Climate Conference in 2015 in Paris must bring the crucial signal for a shift in investments in energy supply. "We are on a dangerous path ," Birol said, "and Paris is our last chance."
19 November 2014, Turkish Weekly
China will lead growth in the nuclear energy sector in the future followed by India and the U.S., Fatih Birol, Chief Economist at International Energy Agency said Tuesday. Birol made the remarks at the World Energy Outlook Conference in Copenhagen.
Sub-Saharan Africa's energy sector can be improved to unlock a better life for its citizens. This report describes one of the most poorly understood parts of the global energy system, offers an authoritative study of its future prospects - broken down by fuel, sector and sub-region - and shows how investment in the sub-Saharan energy sector can stimulate rapid economic and social development across the region.
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.
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:
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!
The IEA Energy Business Council is an executive-level group, with members from a wide variety of companies involved in energy exploration, production and consumption, ranging from commodities companies to automobile manufacturers to wind and solar producers and industry associations. Click here to visit the Energy Business Council website.