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World energy demand will rise by two thirds between now and 2030, and the world economy will falter if these energy supplies are not available. How much investment will be required to satisfy this need and can it be financed?

The World Energy Investment Outlook 2003 from the International Energy Agency answers these questions in a first-ever attempt to quantify global energy investment needs, fuel-by-fuel and region-by-region.

The numbers are daunting. The global financial system has the capacity to fund the required investment, but are the conditions right? For some sectors and regions, the prospects are good. For others, the outlook is bleak. World Energy Investment Outlook 2003 presents a systematic, objective and comprehensive picture.

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No. of Pages: 530

ISBN: 92-64-19835-0

The International Energy Agency's World Energy Outlook has long been recognised as the authoritative source for projections of global trends in energy supply and demand, trade and investment and carbon dioxide emissions. This edition extends its projection horizon to the year 2030. Against the background of the re-emergence of energy security as a global concern, it highlights the rapidly expanding importance of China as a strategic buyer on world oil and gas markets, the fact that a quarter of the world's population still lacks modern energy services, the huge investments needed to maintain dependable energy supplies world wide, and the scale of the task facing those countries that are committed to reducing their greenhouse-gas emissions under the Kyoto Protocol.

The 2002 Outlook provides a solid analytical basis for understanding these challenges, which call for strong policy responses, involving both governments and the private sector.

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No. of Pages: 410

ISBN: 92-64-19658-7

The surge in energy prices during 2000 and most of 2001 has drawn attention once again to the availability and security of energy resources and the prospects for both supply and prices. World Energy Outlook: 2001 Insights - a follow-up to the acclaimed World Energy Outlook 2000 - takes a detailed look at all these issues. It analyses the main factors driving energy production and distribution, including the cost of developing resources and bringing them to market, energy pricing and the impact of government policies.

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No. of Pages: 460

ISBN: 92-64-18513-5

The International Energy Agency's World Energy Outlook has become the authoritative source for medium-term projections of the world's energy future. It is also, by a wide margin, the IEA's most widely read publication. Its projections of energy demand and supply, and of climate-destabilising carbon dioxide emissions, underpin energy policy analysis in IEA Member states and many others. This year's Outlook presents probable developments from now to the year 2020. It also represents an important methodological advance.

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No. of Pages: 224

ISBN: 92-64-17140-1

Energy price subsidies that encourage energy consumption by keeping prices below cost impose heavy burdens on economic efficiency, environmental quality and government budgets. Many countries around the world have made progress in reducing or eliminating such subsidies. These reforms have generally formed part of policy packages aimed at increasing the role of the market in the provision of energy supplies.

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No. of Pages: 475

ISBN: 92-64-16185-6

This outlook, the first since the Kyoto agreement on climate change, is based on a new methodology and a new world energy model. It analyses the major issues and uncertainties of the global energy scene from now till the year 2020. In this period, the Outlook projects world energy demand to grow by 65% and carbon dioxide emissions by 70% - unless governments impose strict policies to restrain them.

Fossil Fuels will remain the dominant source of global energy. But the balance among them is projected to change significantly. The market share of gas will increase while that of oil and coal will remain stable. Non-OEPC oil production is expected to peak before 2010. Importing countries will become increasingly dependant on Middle East oil and unconventional sources, such as shale oil and tar sands, will be increasingly tapped.

The Outlook examines the emissions-cutting commitments made at Kyoto and points out that they will be impossible to meet if governments continue to treat energy on a "business as usual" basis. Hence, a whole new policy-mix - including regulations, flexible market mechanisms and the encouragement of less polluting sources such as renewable energy and nuclear power - will be required to meet Kyoto targets.

Along with its global analysis, the Outlook contains separate, detailed studies of 10 regions. It will be essential reading for energy professionals, policy-makers and concerned citizens everywhere.

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No. of Pages: 300

ISBN: 92-64-148116-7

The International Energy Agency today released its World Energy Outlook - 1996 Edition, projecting an increase in non-OPEC oil supply from 42 million barrels per day in 1995 to close to 47 million barrels per day in 2000. This projected increase in non-OPEC oil supplies is the main reason for the Agency's assumption that, barring an unforeseen disruption, oil prices will not rise significantly before 2000.

The expansion of non-OPEC production through the decade is accounted for primarily by increases in North Sea production. Under reasonable assumptions, the call on OPEC is likely to leave OPEC with spare capacity in the year 2000. By 2010, non-OPEC production is expected to be between 43 and 49 million barrels per day depending on the oil price assumptions.

Two alternative projections are presented based upon differing assumptions on energy use and prices of energy - the Capacity Constraints and Energy Savings cases. In the Capacity Constraints case the pressure of rising energy demand is moderated by an assumed increase in primary energy prices. In the Energy Savings case rising energy demand is assumed to be moderated by improvements in energy use that are more rapid than those history alone would imply.

The oil price in the Capacity Constraints case increases steadily after 2000, reaching $25 (in 1993 dollars) in 2005. The oil price in the Energy Savings case is assumed to remain flat at $17 per barrel throughout the projection period.

World energy demand is projected to increase by between 34 and 46 percent between 1993 and 2010. Most of this increase will be met by fossil fuels, with world oil demand projected to rise from around 70 million barrels per day at present to between 92 and 97 million barrels per day in 2010. OECD oil import dependence is projected to reach around 60 percent by 2010, compared with the current 50 percent.

An increasing proportion of the world's oil supply will be sourced in the longer term (after 2000) from the OPEC countries, and particularly those in the Middle East. The call on OPEC is projected to increase from 28 million barrels per day in 1995 to nearly 50 million barrels per day by 2010, or over half of world oil requirements. Energy consumption outside of the OECD, Eastern Europe and the countries of the former Soviet Union could more than double by 2010. OECD energy consumption could represent less than one half of world energy consumption by 2010.

The projections for world energy demand are supplemented by in-depth analysis of OECD Europe, the countries of the former Soviet Union and the Middle East. In addition, the 1996 edition examines the global iron and steel industry and the impact of changes in structure, location and technology on energy demand in this industry.

Three dominant features emerge from the World Energy Outlook - 1996 Edition. First, world primary energy demand is expected to continue to grow steadily, as it has over the last two decades. Second, fossil fuels will account for almost 90 per cent of total primary energy demand in 2010. Third, the bulk of the world's energy will increasingly be consumed outside the OECD.

The projected increase in fossil fuel consumption implies that world carbon emissions could be between one-third and one-half above their 1990 level by the year 2010. Most of this increase in carbon emissions is expected to come from non-OECD countries; the increase in China alone could be of the same order as for the whole of the OECD.

A significant finding of the study on the iron and steel industry is that industrial relocation away from the OECD has led to higher world carbon emissions and energy demand than would otherwise have been the case. This could well apply to other industries in addition to iron and steel. The increasing globalisation of industry can, therefore, be seen to have an important effect upon world energy demand and greenhouse gas emissions.

Another important implication of the projected increases in worldwide energy demand is that investment requirements in the energy industry are likely to be substantial, particularly in countries outside the OECD. These large investment requirements may necessitate structural changes in some countries to ensure the necessary financing.

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Size: 32201 KB

No. of Pages: 372

ISBN: 92-64-14891-2

The 1995 edition of the World Energy Outlook adds to the IEA's ongoing analysis of global energy markets until the year 2010. This year's edition presents two alternative scenarios: one which foresees capacity constraints which will put upward pressure on energy prices; and a second which examines the potential for energy savings to reduce the growth rate of energy demand. In both cases, world energy demand will grow over the next fifteen years, but more slowly than the rate of economic growth. The importance of the global transportation sector is examined in detail. The study also provides in-depth regional analysis of longer term energy prospects in OECD North America, South and Central America, Africa and South Asia. These regional studies follow on the work presented in last year's Outlook on the rapidly changing Asia-Pacific regions and Central and Eastern Europe.

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Size: 25070 KB

No. of Pages: 305

ISBN: 92-64-14074-3

In this updated outlook, the International Energy Agency projects that world energy demand will grow significantly during the next two decades. Energy efficiency improvements, however, will keep the rate of increase below that of economic growth. This study focuses on the dynamic Asia-Pacific region, with detailed analysis of the energy systems in China, East Asia, and the OECD Pacific region. These three regions currently consume approximately 20 percent of world energy demand, but they are expected to account for almost 40 percent of incremental energy demand over the period to 2010. The IEA study also examines the implications of the emerging market economies in Central and Eastern Europe for world energy makers and projects that the role of natural gas, particularly in power generation, will expand as countries attempt to meet the dual challenge of rising energy needs and achieving environmental objectives.

Press Releases

• World Energy Investment Outlook Sees Need for $16,000 billion of Energy Investment through 2030, Highlights Major Challenges in Mobilising Capital
  
• World Energy Outlook 2002 sees China set to be a strategic buyer on world energy markets, while enormous investment on energy infrastructure is needed
  
• World Energy Outlook 2002 Sees Korea's Energy Demand Rising Strongly Until 2030 and its Role in Global Energy Trade Expanding Rapidly
  
• World Energy Outlook 2002 Sees Abundant Energy until 2030, But Projects Challenges on Security, Investment, Environment and Poverty
  

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