World Energy Outlook

World Energy Outlook 2010 Edition

WEO 2010 (122x175)

Press Releases

Recent policy moves a start, but much stronger action is needed to accelerate the transformation of the global energy system

The world appears to be emerging from the worst economic crisis in decades. Many countries have made pledges under the Copenhagen Accord to reduce greenhouse-gas emissions. Commitments have also been made by the G-20 and APEC to phase out inefficient fossil-fuel subsidies. Are we, at last, on the path to a secure, reliable and environmentally sustainable energy system?

Updated projections of energy demand, production, trade and investment, fuel by fuel and region by region to 2035 are provided in the 2010 edition of the World Energy Outlook (WEO). It includes, for the first time, a new scenario that anticipates future actions by governments to meet the commitments they have made to tackle climate change and growing energy insecurity.

WEO-2010 shows:

- what more must be done and spent to achieve the goal of the Copenhagen Accord to limit the global temperature increase to 2 degress Celsius and how these actions would impact on oil markets;
- how emerging economies - led by China and India - will increasingly shape the global energy landscape;
- what role renewables can play in a clean and secure energy future;
- what removing fossil-fuel subsidies would mean for energy markets, climate change and state budgets;
- the trends in Caspian energy markets and the implications for global energy supply;
- the prospects for unconventional oil; and
-how to give the entire global population access to modern energy services.

With extensive data, projections and analysis, WEO-2010 provides invaluable insights into how the energy system could evolve over the next quarter of a century. The book is essential reading for anyone with a stake in the energy sector.


Video of Launch of World Energy Outlook 2010 in London


Press Quotes

  • 11 January 2010, The Wall Street Journal
    If the public has to choose between creating jobs and spending billions to scrub invisible heat-trapping gases from the sky, jobs will win. That's why the campaign to combat climate change is morphing, at least politically, into an economic-development drive with an environmental twist. Fatih Birol, the IEA’s Chief Economist, commenting Copenhagen promises of the major countries, said: “There's still a major gap between the current pledges and the desired outcome”.

  • 17 January 2010, Trading Markets
    Fatih Birol, the IEA Chief Economist, presented the main findings of the World Energy Outlook 2009 in Riyadh last week. The International Energy Forum Secretariat (IEFS) Secretary General Noe van Hulst, the host of the day, rightly commented in his introductory remarks, "When Fatih speaks, the entire world listens." And so it was.

  • 17 January 2010,
    Fatih Birol, the IEA Chief Economist, presenting the WEO 2009 at the IEF Secretariat in Riyadh, said that the world is approaching an era of gas glut and by 2015 there would be an excess capacity of about 200 bcm. Birol underlined also that the issue of energy poverty is still haunting the mankind. 1.5 billion People, all over the world, still lack access to electricity, pointing to growing gap between the haves and the have-nots.

Government Reactions

  • 15 November 2010, Norway Minister of Petroleum and Energy, Terje Riis-Johansen
    "This year, the World Energy Outlook can be read as a warning to us all. Keeping in mind the setbacks from Copenhagen; momentum seems to have been lost. In just one year, the estimated global cost of achieving the two degrees target has increased with a staggering one thousand billion dollars. Even worse; the objective of limiting global temperature rise to only 2 degrees Celsius is now seriously threatened. The IEA report shows that, with the pledges under the Copenhagen Accord and pledges made in the G20 to remove subsidies on fossil fuels, we are on the path to a 3.5 degrees increase. [...] While we are working towards a new global agreement, we need to enhance our mitigation efforts. In this respect the IEA and the World Energy Outlook offer important analyses and advice for countries committed to limiting climate change."

  • 11 November 2010, Germany Federal Minister for Economics and Technology, Rainer Bruderle
    "The World Energy Outlook 2010 comes once again at the right time. We agree with the analysis in many ways [...] We are sharing the same basic principles: clean, economically sound and secure energy supply [...] Energy efficiency is central both to the WEO and the German energy concept [...] I look forward to a continued and close collaboration with the IEA."
  • 10 November 2010, Netherlands Minister of Economic Affairs, Agriculture and Innovation, Maxime Verhagen
    "The World Energy Outlook never fails to present us with an incisive analysis of developments in the world of energy. And it always gives us food for thought. [...] Of course, any policy needs a firm analytical basis. This new edition of the World Energy Outlook will certainly help."