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. As energy production and use is responsible for two-thirds of greenhouse-gas emissions, the IEA feels an obligation to make a contribution to COP21 – a contribution which reconciles climate and energy needs. Find out more details.
(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 (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).
(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.
15 June 2015, Financial Times London
"Renewable power will overtake coal if climate pledges are kept." The striking finding by the International Energy Agency shows renewable power could soar from just over a fifth of global electricity generation today to nearly a third by 2030 - a bigger share than either coal, gas or nuclear plants. This shows today's energy companies are making a "major fatal error" if they assume climate action is not going to affect their business, Fatih Birol, the IEA chief economist, said.
15 June 2015, The Guardian London
"Paris climate summit must be start of frequent carbon reviews, says IEA." The crunch climate change conference to take place in Paris later this year must be the beginning of a new process of five-yearly meetings, rather than a one-off, the world’s energy watchdog has warned. Fatih Birol, currently chief economist of the International Energy Agency, and its incoming executive director, said: “The pledges in Paris need to be renewed every five years. That is because circumstances change, the costs of technology go down, and so on. We need to take account of that.”
15 June 2015, Reuters London
LONDON - Countries' current pledges for greenhouse gas cuts will fail to achieve a peak in energy-related emissions by 2030 and likely result in a temperature rise of 2.6 degrees Celsius (3.6 degrees Fahrenheit) by the end of the century, the International Energy Agency said on Monday. An international deal to combat climate change is meant to be agreed in December but a meeting in Bonn, Germany, last week ended with little progress toward an agreement to keep average temperature rises within 2C.
15 June 2015, The Washington Post Washington D.C.
The world is off course to prevent two degrees C of warming, says energy agency In a major report to be released Monday, the Paris-based International Energy Agency — which provides independent energy analysis and has 29 member countries, including the United States — will state that current national commitments to cut greenhouse gases are ambitious but still insufficient to keep the world below two degrees Celsius of warming above preindustrial levels. At the same time, the agency will also offer a path forward, showing how the world, with a bit more ambition, could peak its emissions by the year 2020 and get onto a safer path.
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.