World Energy Outlook

WEO 2015 Special Report on Energy and Climate Change

‌‌‌WEO 2015 Special Report on Energy and Climate ChangeTO BE RELEASED 15 JUNE 2015

The world is moving towards a crucial climate change meeting in Paris in December 2015 (COP21). 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.

The International Energy Agency has long emphasised to its members and the world at large that energy production and use which is not compatible with international environmental requirements is not sustainable: it fails the test of energy security. The IEA, therefore, feels an obligation to make a contribution to COP21 – a contribution which reconciles climate and energy needs. That is the purpose of this special report in the World Energy Outlook series.

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

World Energy Outlook 2015

World Energy Outlook 2015(TO BE RELEASED 10 NOVEMBER 2015)

The precipitous fall in oil prices, continued geopolitical instability and the ongoing global climate negotiations are witness to the increasingly dynamic nature of energy markets. In a time of so much uncertainty, understanding the implications of the shifting energy landscape for economic, environmental and security priorities is vital. The World Energy Outlook 2015 (WEO-2015) will present projections through 2040 based on the latest data and market developments; insights on the trajectories of fossil fuels, renewables, the power sector and energy efficiency; and analysis on trends in CO2 emissions, fossil-fuel and renewable energy subsidies, and on universal access to modern energy services.

In addition, the WEO-2015 will be informed by in-depth analysis on several topical issues:

- Special Report on Energy and Climate: Given the crucial importance of COP21, this report will provide decision-makers with analysis of national climate pledges in the context of the recent downturn in fossil-fuel prices, suggest pragmatic policy measures to advance climate goals without blunting economic growth and assess adaptation needs, including in the power sectors of China and India (to be released 15 June).

- Focus on India: How India develops will have widespread implications for global energy markets. Analysis will focus on the current state of the energy sector, how it might evolve and how challenges such as improving access to electricity, expanding domestic energy production and managing increasing energy imports might be addressed. It will also assess implications for regional and global markets.

- A lower oil price future? The decline in oil prices and changing market conditions has prompted questions as to how the market will re-balance. This analysis will examine the implications for markets, policies, competitiveness, investment and the fuel mix if lower oil prices persist.

- Unconventional gas in China: In addition to an update on the opportunities and challenges that face the development of unconventional gas globally, analysis will focus on the prospects for unconventional gas in China and how this might affect China’s energy outlook as well as regional and global balances.

- Special Report on Southeast Asia: There is significant headroom in the region for economic and energy demand growth. Analysis will focus on how these rising energy needs might be met, the investment required to expand energy infrastructure and the implications of the region’s changing position in international energy trade (to be released in October).


World Energy Outlook 2014

WEO 2014 Cover(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.

Press Quotes

6 May 2015, Gulf Times, Qatar

Six global industry leaders were honoured with lifetime achievement awards at the "3rd Abdullah bin Hamad al-Attiyah International Energy Awards" at the Museum of Islamic Art yesterday. Dr. Fatih Birol, executive director-elect of the International Energy Agency (IEA) was honoured with the Lifetime Achievement Award for the Advancement of Producer-Consumer Dialogue.

13 April 2015, The Economic Times of India

India must spend $100 billion every year to meet the ballooning energy demand of its expanding economy, the chief economist of International Energy Agency told a conference on Monday. "India needs three things for its energy sector:  investment, investment and investment," Fatih Birol said, laying emphasis on India's need to attract investment in the energy sector.  The country's energy needs have rocketed in the past decade, when its economy grew at an average pace of more than 7 percent despite global hiccups.  Many of India's power plants are lying idle, while coal, oil and gas production have struggled to rise for years.

12 March 2015, Financial Times

Global emissions of climate-warming carbon dioxide did not rise last year for the first time in 40 years without the presence of an economic crisis.  In a sign that efforts to tackle climate change may have been more effective than thought, the International Energy Agency found global emissions of carbon dioxide, the leading greenhouse gas, did not rise in 2014.  "This is a real surprise.  We have never seen this before," said IEA chief economist, Fatih Birol, named recently as the agency's next executive director.  Energy consumption shifts in China, the world's biggest carbon polluter, were among the reasons emissions stalled last year, according to the IEA, which monitors energy trends.

Read more....

World Energy Outlook Special Report "Africa Energy Outlook"

‌‌‌Africa Energy Outlook coverRELEASED 13 OCTOBER 2014

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.

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.

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