For several years now, the world energy demand is characterized by the bullish chinese and indian markets, while developed countries struggle with stagnant economies, high oil prices, resulting in stable or decreasing energy. Global energy use grows by 36%, with nonoecd countries led by china, where demand surges by 75% accounting for almost all of the increase world primary energy demand by region in the new policies scenario 0 2 000 4 000 6 000 8 000 10 000 12 000 14 000 16 000 18 000 1990 1995 2000 2005 2010 2015 2020 2025 2030 2035 oe rest of world china oecd. The outlook for energy is exxonmobil s latest view of energy demand and supply through 2040. Pdf on oct 15, 2014, steve sawyer and others published global wind energy outlook 2014 find, read and cite all the research you need on researchgate. Signs of increasing policy focus on energy efficiency alltime high oil prices acting as brake on global economy divergence in natural gas prices affecting europe with prices 5times us levels and asia 8times symptoms of an unsustainable energy system persist. Asiaworld energy outlook 2014 analysis of lowgrowth scenarios for china and india and the climate change issue foreword he year 2014marks a century since the start of world war i, a threequarter century since the start of world war ii and a quarter century from the berlin walls collapse symbolising the end to the eastwest cold war. World energy outlook 2012 industry and government decision makers and others with a stake in the energy sector all need weo2012. World energy consumption is the total energy produced and used by the entire human civilization. An analysis of world energy outlook 2012 resilience.
The world total energy consumption will increase about 56% between 2010 and 2040, as projected by the international energy outlook 1. This paper models the production of energy from shale resources and examines the outlook for that production. World energy outlook 1998 edition jeanmarc jancovici. Drilling activity in those regions is modeled as operating along an elastic supply curve, which has drifted down over time as mining productivity has improved. Bp 2012 as the fuel mix gradually shifts away from oil and coal.
The report also regularly puts a spotlight on topical issues. What were once considered wildeyed prognoses for a new technology have come to be recognised as an impor. Chart data can be accessed by rightclicking the chart in the ppt file. The outlook presents a full update of energy projections through to 2035 and insights into what they mean for energy security, climate change, economic development, and universal access to modern energy services. Technological innovations, climate change and more tense geopolitics are reshaping the world of energy. The economic crisis is largely responsible for this slow growth.
The international energy agencys world energy outlook. Rather the value of the energy outlook is in providing a structure and discipline. World energy outlook 2015 australian energy council. Between 1980 and 2000, per capita consumption of modern energy in east and southern africa has remained small and stagnant, falling from an average of 317kgoe kilogrammes of oil. Annual energy outlook 2020 energy information administration. World energy outlook 20 weo20, published in november 20. This paper first presents the historical evidence on chinas energy consumption by the fuel types and sectors.
The world energy scenarios provide the perfect tool for assessing these macrouncertainties and crafting a strategic response, whether you are an energy. It presents authoritative projections of energy trends through to 2035 and insights into what they mean for energy security, environmental sustainability and. Most scholars claimed that there is a strong relationship between chinas energy consumption and economic growth li et al. The world energy outlook series is a leading source of strategic. Energy consumption is a key lever to achieve more rapid development rennings et al. Energy is essential for economic and social development and the improvement of life in all the countries bilgen 2014. In 2016, global solar power capacity exceeded 300 gw, after it took the 200 gw mark the year before, and the 100 gw level in 2012. World energy outlook 2011 international energy forum ief. Our edi results reveal a broadbased improvement in recent years. Nov 14, 2017 launch presentation, 14 november 2017. Energy outlook 2030 11 world primary energy consumption is projected to grow by 1. Light product prices are set by breakeven economicsgiven the price of residual fuel oilin the leastcomplex configura. In evennumbered years, weo presents detailed projections of energy demand, production, trade and investment, fuel by fuel and region by region. World private vehicle stock millions of private cars and light trucks global gdp is projected to grow 7.
Natural gas sees broadbased growth across the energy economy. World energy outlook 2011 brings together the latest data, policy developments, and the experience of another year to provide robust analysis and insight into global energy markets, today and for the next 25 years. Industry and government decision makers and others with a stake in the energy sector all need weo 2012. The world energy outlook 1998, based on a new world energy model. Aug 15, 2012 a, fossil energy comprises roughly 86% of the world s main energy consumption. Three policy scenarios are analysed throughout the weo report.
It presents authoritative projections of energy trends through to 2035 and insights into what they mean for energy security, environmental sustainability and economic development. Then, by establishing a bottomup accounting framework and using long range energy alternatives planning. We focus on the us eias 2017 international energy outlook because the 2018 edition includes limited data for a limited number of countries. This years energy outlook provides fresh insight into these trends and many more. A perspective to 2040 the outlook for energy is exxonmobil s view of energy demand and supply through 2040. Commercial crude oil inventories federal reserve bank of dallas 300 350 400 450 500 550 600 jan feb mar apr may jun jul aug sep oct nov dec million barrels 20142018 range 20142018 average 2020 2019 mar feb 469 444 jan 442. These changes provide the backdrop for the world energy outlook 2017, which includes a full update of energy demand and supply projections to 2040 based on different scenarios. Energy information administration of the outlook for energy markets through 2050. For many years the outlook for energy has helped inform exxonmobil s longterm business strategies, investment plans, and research programs. World energy outlook 2012 industry and government decision makers and others with a stake in the energy sector all need weo 2012. The asian region has increased its energy demand remarkably over recent years, accounting for 70% of the.
So, the annual world energy outlook sometimes had to fail with its scenarios. World primary energy consumption is projected to grow by 1. Four largescale shifts in the global energy system set the scene for the world energy outlook 2017. The shift to a more servicesoriented economy and a cleaner energy mix in china, the worlds largest energy consumer, subject of a detailed focus in this outlook. World energy outlook 2011 amos bromhead energy analyst office of the chief economist riyadh, 24 january 2012. Incorporating these and other developments, weo2011 provides a full update of. The annual energy outlook presents an assessment by the u. The international energy agencys annual energy projections.
We use the outlook to help inform our longterm business strategies and investment plans. The system of environmentaleconomic accounting 2012central framework is a multipurpose conceptual framework for understanding the interactions between the environment and the economy. Vocational vehicles include a wide range of truck configurations. To illustrate this harmonization process, we use the most recent outlooks available as of the time we wrote this report, specifically. Pdf on oct 18, 2016, steve sawyer and others published global wind energy outlook 2016 find, read and cite all the research you need on researchgate. By providing internationally agreed concepts and definitions on environmentaleconomic accounting, it is an invaluable tool for compiling integrated statis. 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. Fatih birol, chief economist of the international energy agency iea designed and directed the study which was prepared by the ieas directorate of global energy economics of the international energy agency and other offices of the agency. The total energy consumption includes liquid fuel, coal, natural gas, and nuclear energy. Although the consumption of oil has increased by 31% between 1980 and 2008, the known reserves have increased. This paper models the production of energy from shale resources and examines the outlook. The world energy outlook series is a leading source of strategic insight on the future of energy and energy related emissions, providing detailed scenarios that map out the consequences of different energy policy and investment choices. Gdp in efficient world scenario versus new policies scenario, 2035 0% 1. The 2005 edition presents a detailed assessment of energy prospects throughout the middle east and north africa region and the implications of these for.
Ieej8 outlook 2019 reference to 2050 opec9 world oil outlook 2018 reference to 2040 shell10 shell scenarios 2018 sky to 2100 us eia11 international energy outlook 2017 reference to 2050 note. World energy outlook 2017 international energy agency. 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. World energy scenarios 2019 world energy council world.
In 2035, the united states would realize a 15% decrease in energy demand relative to 2010 and a 1. Dec 17, 2016 chinas energy consumption experienced rapid growth over the past three decades, raising great concerns for the future adjustment of chinas energy consumption structure. This emphasizes the im portance of considering energy impacts in av deployment strategy. World energy outlook 2012, international energy agency, paris 2012. Any such attempt is doomed to fail the uncertainty surrounding the energy transition is here to stay. Access to clean, affordable and reliable energy has been a cornerstone of the worlds increasing prosperity and economic growth since the beginning. Opportunities and challenges for a sustainable energy. It does not include energy from food, and the extent to which direct biomass burning has been. World energy outlook 2017 excerpt outlook for natural gas. Global energy demand an overview sciencedirect topics. Consumption of modern energy in subsaharan africa excluding south africa is very low. For full list of data definitions see p8 the energy outlook considers a range of scenarios to explore different aspects of the energy. Almost all 96% of the growth is in nonoecd countries. Marine renewable energy mre sources include offshore wind, tides, ocean currents, waves, thermal differences, salinity gradients, and biomass.
Introduction global energy demand has been expanding rapidly. The total installed solar pv power capacity increased 33% to 306. It presents authoritative projections of energy trends. Eia, annual energy outlook 2014 and international energy outlook 2014. The annual energy outlook 2012 is available on the eia website at. The energy consumption growth in the g20 slowed down to 2% in 2011, after the strong increase of 2010. In 2012, a special report from the iea, golden rules for a golden age of gas which argued that unconventional gas needed to overcome important hurdles to continue to increase its market share of the worlds energy mix. This edition of the ieas flagship weo publication gives the latest energy demand and supply.
Nov 16, 2012 the report clearly states that weo 2012 projections are subject to a wide range of uncertainties page 38 especially the link between economic growth and energy demand are the biggest source of uncertainity in the medium term. The scale of fossil fuel subsidies and support for renewable energy. The international energy agencys annual world energy outlook weo publication forecasts electricity demand, investment, generation capacity and trends in energy consumption until 2040. This article uses the new policy scenario, where government policies as of mid2015 have been formally adopted and any relevant policy proposals. The report this year examines how chinas choices could reshape the global outlook for all fuels and technologies. Opportunities and challenges for a sustainable energy future. The price is set by the lowest value that is in use to consume the byproduct supply from all refineries. Typically measured per year, it involves all energy harnessed from every energy source applied towards humanitys endeavors across every single industrial and technological sector, across every country. Autonomous vehicles have a wide range of possible energy. On 12 november the ieas world energy outlook report for 2012 weo2012. Columbia university ieo2014 september 22, 2014 16 history. While per capita income will grow in all regions, this income growth. Table 2 76,77 lists the lcoe for a range of energy sources determined for the uk in 2010.
The future of oil refining profit margins 2 use bunker fuel and can buy it anywhere in the world based on price. Welcome fatih birol, chief economist at the international energy agency iea to present the ieas 20 world energy outlook on december 3rd from 9. The shift to a more servicesoriented economy and a cleaner energy mix in china, the worlds largest energy consumer, subject of a. Aug 15, 2012 access to clean, affordable and reliable energy has been a cornerstone of the world s increasing prosperity and economic growth since the beginning of the industrial revolution. The earlier report highlighted seven golden rules, which are reiterated in the world energy outlook 2015. The report clearly states that weo 2012 projections are subject to a wide range of uncertainties page 38 especially the link between economic growth and energy demand are the biggest source of uncertainity in the medium term. World energy scenarios 2019 2 foreword we have entered the age of disruptions. The value of the outlook is not in trying to predict the future. As a result, oecd countries share of the world economy will decline from the current 72% to 58% in 2035.
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