The price of manufactured lowcarbon energy technologies 93 box 3. Outlook for energy the outlook for energy is exxonmobil s latest view of energy demand and supply through 2040. John buffi is a retired police offer who lost his home to superstorm sandy. Oil prices fell sharply, with the prices of other fuels moving in tandem in many parts of the world. The world energy outlook 2015 weo2015 will present updated projections for the evolution of the global energy system to 2040, based on. The fuse iea changes tune in world energy outlook 2015. The three countries examined are the united states, canada and australia. The world energy outlook 2015 weo 2015 will present updated projections for the evolution of the global energy system to 2040, based on the latest data and market developments, as well as detailed insights on the prospects for fossil fuels, renewables, the power sector and energy efficiency and analysis on trends in co2 emissions and fossilfuel and renewable energy subsidies. World energy outlook 2014 world energy outlook 20 note.
Download the latest edition of the bp energy outlook, supporting resources or our country and regional insight factsheets. Wind power to dominate power sector growth the global wind energy council released its biennial global wind energy outlook today, outlining scenarios where wind could supply 20% of global electricity by 2030. This is where the world energy outlook weo comes in. The global wind energy council released its biennial global wind energy outlook today, outlining scenarios where wind could supply 20% of global electricity by 2030. The world energy outlook 2015 weo 2015 will present updated projections for the evolution of the global energy system to 2040, based on the latest data and market developments, as well as detailed insights on the prospects for fossil fuels, renewables, the power sector and energy efficiency and analysis on trends in co2 emissions and fossil. This article uses the new policy scenario, where government policies as of mid2015 have been formally adopted and any relevant policy proposals. Energy information administration eia of the outlook for international energy markets through 2040.
The report looks at four scenarios exploring the future of the wind industry out to 2020, 2030 and 2050. Between 2015 and 2040, world energy consumpt ion increases by 28% in the ieo2017 reference case, with more than half of the increase attributed to nonoecd asia including china and india, where strong economic growth drives increasing demand for energy. The world energy outlook 2015 weo2015 will present updated projections for the evolution of the global energy system to. Nov 10, 2015 world energy outlook 2015 presentation. In the asiaworld energy outlook 2015, or the 10th edition of the series, we attempted to depict the worlds longterm energy supply and demand picture based on the latest information and precise analyses as usual. Global energy use grows by 36%, with non oecd 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. Fossil fuels are projected to provide the majority of the worlds energy needs, meeting twothirds of the. A perspective to 2040 the 2019 outlook for energy is exxonmobil s latest view of energy demand and supply through 2040. Energy information administration eia, presents longterm annual projections of energy supply, demand, and prices through 2040.
Review of world energy, and historical energy data up to 20 are. International energy agency world energy outlook 2006 dr. Nov 11, 2015 world energy outlook 2015 weo from the international energy agency iea has taken observers by surprise. For many years the outlook for energy has helped inform exxonmobil s longterm business strategies, investment plans, and research programs. Global energy outlook 2015 this paper assesses trends in the global energy sector through 2040 by harmonizing multiple projections issued by private, government, and intergovernmental organizations based on methods from global energy outlooks comparison. The international energy agencys annual world energy outlook weo publication forecasts electricity demand, investment, generation capacity and trends in energy consumption until 2040. Downloads are a mix of pdf, excel, csv and powerpoint documents. India is set for a period of rapid, sustained growth in energy demand. Countries including india and indonesia took advantage. The annual outlook, weighing in at 700 pages, is one of the most widelyread and universally respected set of energy related forecasts in the world. A perspective to 2040 the outlook for energy is exxonmobil s view of energy demand and supply through 2040.
Energy information administration annual energy outlook 2015 preface the annual energy outlook 2015 aeo2015, prepared by the u. The 2018 edition provides updated analysis to show what the latest data, technology trends and policy announcements might mean for the energy sector to 2040. And how is global energy supply and greenhouse gas emissions affected by geopolitics. It also outlines an integrated way to meet multiple. The annual energy outlook 2015 aeo2015 was prepared by the u. World energy outlook 2015 analysis and key findings. Prospects across the main countries and regions remain uneven.
World energy outlook special report on energy and climate change. The world energy outlook takes a deeper look at three countries and the effects that different regulatory approaches are having on the exploration and extraction of unconventional gas. According to bps energy outlook, fossil fuels will continue to provide most of the worlds energy, supplying 81 percent of global supply in 2035. Nov 10, 2015 john buffi is a retired police offer who lost his home to superstorm sandy. World energy outlook special report, november 2015. The world energy outlook 2015 weo 2015 will present updated projections for the evolution of the global energy system to 2040, based on the latest data. What would it take for this to happen and what would it mean for energy security and for the energy transition.
These are some of the insights touted by the international energy agency iea world energy outlook 2015, published this week. Energy outlook 2015, published in february 2015 opec. In the high economic growth case, world energy use in 2050 is about 1,090 quadrillion btu. Actions in the energy sector can make or break efforts to achieve the worlds agreed. Energy information administration eia, under the direction of john j. India energy outlook world energy outlook special report 2015. I would therefore like to thank duncan millard, the iea chief statistician and. Climate pledges slow energy sector emissions growth dramatically. Doubts have arisen about whether emerging countries would drive the acceleration of global economic growth in the near future. World outlook energy 2015 iiii for more information, please visit. It does not aim to forecast the future, but provides a way of exploring different possible futures, the levers that bring them about and the interactions that arise across a complex energy system. The world energy outlook series is a leading source of strategic insight on the future of energy and energyrelated emissions, providing detailed scenarios that map out the consequences of different energy policy and investment choices this years edition updates the outlooks for all fuels, technologies and regions, based on the latest market data, policy initiatives and cost trends. Jun 23, 2015 the world is moving towards a crucial climate change meeting in paris in december 2015 cop21. The international energy outlook 2016 ieo2016 presents an assessment by the u.
The world energy investment wei report is the worlds. Outlook for energy 2015, published in january 2015 bp. Energy perspectives longterm macro and market outlook. Weo2015 special report, is a natural choice for an indepth study. Renewable energy, excluding hydroelectric power, is expected to almost triple its share by 2035, but still only represent just 8 percent of global supply. The world energy outlook weo is the gold standard of longterm energy analysis. He now uses the demolisher system to help take care of his 91yearold father and children. In 2015, for lpg, the total national requirement should be within 300,000350,000 tonnes due to the growing demand, particularly as. Energy outlook downloads and archive energy economics bp. At the same time, we provided an analysis made for prese nting a direction. Rather the value of the energy outlook is in providing a structure and discipline. For 2015, we estimate the average wagp gas flow to be 60 mmscfd, i.
The weo is prepared by the imf staff and has benefited. Outlook energy indicators conversion factors glossary db 4 01092016 11. World energy outlook 2015 executive summary english version. Global wind energy outlook 2016 global wind energy. Global energy outlook 2015 international energy forum. In addition, the weo 2015 covers indepth analysis on several topical issues. In the reference case, world energy consumption totals 911 quadrillion british thermal units btu in 2050287 quadrillion btu in the oecd countries and 624 quadrillion btu in the nonoecd countries. What must be done to reach the climate targets set in the paris agreement in 2015. The world energy council has been developing and using world energy scenarios for over a decade to support its global member network of energy leaders, to clarify complexity, and to realise new opportunities for successfully managing global energy transition. World economic outlook international monetary fund. For further information energy information administration. What would it take for this to happen and what would it.
World energy outlook 2018 international energy agency. Energy agencys world energy outlook 2015 with the ieo2016 projections is presented. It attempts to identify policy, social, infrastructure, and technology issues that must be addressed to meet future energy need of adb members in asia and the pacific. Fatih birol chief economist international energy agency oecdiea 2006 the reference scenario.
The annual world energy outlook is the international energy agencys flagship publication, widely recognised as the most authoritative source for global energy projections and analysis citation needed. In all the scenarios considered, world gdp more than doubles by 2040 driven by increasing prosperity in fastgrowing developing economies. World energy outlook annex a tables for scenario projections. Ieo2016 is provided as a service to energy managers and analysts, both in government. The projections for the future and quality in the past of the world energy outlook for solar pv and other renewable energy technologies matthieu metayer1,2, christian breyer1,3 and hansjosef fell3 1 lappeenranta university of technology, skinnarilankatu 34, 53850 lappeenranta, finland, christian. Overview regional trends oil and gas supply investment fossilfuel subsidies and renewable energy outlook source. The report looks at four scenarios exploring the future of the wind industry out to 2020, 2030.
In greece, default,unexpecte d in any industrial country, has become a real fear. Global wind energy outlook 2016 global wind energy council. The world energy outlook series is a leading source of strategic insight on the future of energy and energyrelated emissions, providing detailed scenarios that map out the consequences of different energy policy and investment choices. For 2015, we further estimate that the gas flow required for fuelling the thermal plants. World primary energy demand global demand grows by more than half over the next quarter of a century, with coal use rising most in absolute terms. This years energy outlook provides fresh insight into these trends and many more. Its the first outlook published with faith birol at his new post as the executive director of the iea, as birol was, until recently, chief economist and director of global energy economics.
Sarah ladislaw director and senior fellow, energy and national security program, csis the csis energy and national security program is pleased to host dr. New energy outlook 2019 bloomberg new energy finance. Each year we make a number of changes to neo as we strive to improve the completeness and complexity of our analysis. World energy outlook 2015 weo from the international energy agency iea has taken observers by surprise. The annual outlook, weighing in at 700 pages, is one of the most widelyread and universally respected set of energyrelated forecasts in the world. The value of the outlook is not in trying to predict the future. Some of the nergy sector technology or policy optionse that are.
Where is there a need for new investment to ensure energy access. All of this requires timely, reliable and authoritative data and analysis. World energy outlook special report on energy and climate. Focused on the electricity system, our new energy outlook neo combines the expertise of over 65 market and technology specialists in 12 countries to provide a unique view of how the market will evolve. But the global wind energy outlook isnt about 2014 or 2015 its about what the industry will look like in 2020, 2030 and beyond there is much that we dont know about the future, and there will no doubt be unforeseen shifts and shocks in the global economy as well as political ups and downs. Renewables for transport and heat include biofuels for transport and solar.
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. World energy outlook 2015 special briefing use of inefficient coalfired power plants, methane emissions from oil and gas lowering production, fossilfuel subsidy reform or carbon pricing, are reflected in the indcs of just a handful of countries. Fatih birol executive director, international energy agency iea moderated by. The annual energy outlook 2015 aeo2015, prepared by the u. It presents a comprehensive outlook for oil demand, supply and the downstream for the medium 2015 2020 and longterm 20202040. Asiaworld energy outlook 2015 i foreword he global energy environment has changed dramatically since only a little more than one year ago. Signs of change in global energy have multi plied in the 12 months since the last world energy outlook weo oil prices fell sharply, with the prices of other fuels moving in. For many years the outlook has helped inform exxonmobil s longterm business strategies, investment plans and research programs. It represents the leading source citation needed for medium to longterm energy market projections, extensive statistics, analysis and advice for both governments and the energy business. Ieas world energy outlook 2015 center for strategic and.
The world is moving towards a crucial climate change meeting in paris in december 2015 cop21. Any such attempt is doomed to fail the uncertainty surrounding the energy transition is here to stay. Three policy scenarios are analysed throughout the weo report. 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. 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. We use the outlook to help inform our longterm business strategies and investment plans. World outlookenergy 2015 together could oil prices stay lower for longer. The woo 2015 emphasizes that oil will remain central to the global energy mix over the next 25 years, helping to satisfy the worlds growing energy needs. The world energy outlook 2015 weo2015 will present updated projections for the evolution of the global energy system to 2040, based on the latest data and market developments, as well as detailed insights on the prospects for fossil fuels, renewables, the power sector and energy efficiency and analysis on trends in co2 emissions and fossil. Fatih birol, executive director at the international energy agency to present the ieas world energy outlook 2015. Published every year based on objective data and dispassionate analysis, the world energy outlook weo provides critical analysis and insights on trends in. Nov 10, 2015 big questions abound in global energy in 2015.
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