SlideShare a Scribd company logo
©OECD/IEA2015
London, 10 November 2015
© OECD/IEA 2015
The start of a new energy era?
 2015 has seen lower prices for all fossil fuels
 Oil & gas could face second year of falling upstream investment in 2016
 Coal prices remain at rock-bottom as demand slows in China
 Signals turn green ahead of key Paris climate summit
 Pledges of 150+ countries account for 90% of energy-related emissions
 Renewables capacity additions at a record-high of 130 GW in 2014
 Fossil-fuel subsidy reform, led by India & Indonesia, reduces the global
subsidy bill below $500 billion in 2014
 Multiple signs of change, but are they moving the energy system
in the right direction?
© OECD/IEA 2015
Mtoe
-300
0
300
600
900
1 200
Demand growth in Asia – the sequel
By 2040, India’s energy demand closes in on that of the United States,
even though demand per capita remains 40% below the world average
European
Union
United
States
Japan Latin
America
Middle
East
Southeast
Asia
Africa China India
Change in energy demand in selected regions, 2014-2040
© OECD/IEA 2015
but – for oil & gas – the gains are offset by the move to more complex fields
Policies spur innovation and tip the
balance towards low-carbon
Costs in 2040 for different energy sources/technologies, relative to 2014
-60%
-40%
-20%
0%
20%
40%
60%
Solar PV Onshore
wind
Efficient industrial
heat production
Efficient
lighting
Upstream
oil and gas
Innovation reduces the costs of low-carbon technologies & energy efficiency,
© OECD/IEA 2015
A new balancing item in the oil market?
Change in production (2015-2020) of US tight oil for a range of 2020 oil prices
Tight oil has created more short-term supply flexibility, but there is no guarantee
that the adjustment mechanism in oil markets will be smooth
-4
-3
-2
-1
0
1
2
$40/bbl $50/bbl $60/bbl $70/bbl $80/bbl $90/bbl $100/bbl
mb/d
© OECD/IEA 2015
If oil prices stay lower for much longer:
what would it take, what would it mean?
 Much more resilient non-OPEC supply & higher output from a stable
Middle East could hold the oil price close to $50/bbl until the 2020s
 Oil importers gain, each $1/bbl reduction is $15 billion off import bills;
major window of opportunity to press ahead with subsidy reform
 If lower prices persist for decades, reliance on Middle East oil gets back
to 1970s levels; risk of a sharp market rebound if investment falls short
 Lower prices could undercut essential policy support for the energy
transition: weaker incentives mean 15% of efficiency savings are lost
 Reduction in revenues to key producers & boost to global oil demand
growth make a prolonged period of lower prices progressively less likely
© OECD/IEA 2015
Natural gas demand and supply in developing Asia
The big opportunities & uncertainties
for natural gas are in Asia
Developing Asia accounts for almost half of the rise in global gas demand & 75% of
the increase in imports, but gas faces strong competition from renewables & coal
300
600
900
1 200
1 500
Demand Production
bcm
Conventional
Unconventional
Additional
to 2040
2014
, 2014, 2014 & 2040, 2040
Imports
© OECD/IEA 2015
Energy
demand
GDP
A new chapter in China’s growth story
Along with energy efficiency, structural shifts in China’s economy favouring
expansion of services, mean less energy is required to generate economic growth
3 000
6 000
9 000
2000 2010 2020 2030 2040
Energydemand(Mtoe)
20
40
60
GDP(trilliondollars,PPP)
Energy
demand
GDP
Total primary energy demand & GDP in ChinaEnergy demand in China
1 000
2 000
3 000
4 000
Coal
Oil
Gas
Nuclear
Renewables
Energy
demand
GDP
3 000
6 000
9 000
2000 2010 2020 2030 2040
Energydemand(Mtoe)
20
40
60
GDP(trilliondollars,PPP)
© OECD/IEA 2015
India moving to the centre
of the world energy stage
Change in demand for selected fuels, 2014-2040
New infrastructure, an expanding middle class & 600 million new electricity
consumers mean a large rise in the energy required to fuel India’s development
Solar PV
0
500
1 000
1 500
(TWh)
Oil
-16
-8
0
8
16
24
(mb/d)
Coal
-1 000
-500
0
500
1 000
1 500
(Mtce)
China
India
United States
European Union
Africa
Middle East
Japan
India
China
Africa
Middle East
Southeast Asia
United
States
Japan
European
Union
India
Southeast
Asia
Africa
European
Union
United States
© OECD/IEA 2015
Power is leading the transformation
of the energy system
Global electricity generation by source
Driven by continued policy support, renewables account for half of additional global
generation, overtaking coal around 2030 to become the largest power source
3 000 12 000 15 000
TWh
Change
to 2040
2014
Renewables
Coal
Gas
Nuclear
Oil
Hydro
Wind
Solar
Other
renewables
Of which:
6 000 9 000
© OECD/IEA 2015
Efficiency measures on the rise,
but significant potential still exists
Share of global mandatory efficiency regulation of final energy consumption
Energy efficiency policies are introduced in more countries and sectors;
they continue to slow demand growth but more can be done
10%
20%
30%
40%
2005 2014 2040
Industry
 Steam boilers
 Process heat
 Motors
Buildings
 Heating/Cooling
 Lighting/Appliances
Transport
 Cars
 Trucks
 Ships
© OECD/IEA 2015
The coverage of climate pledges
is impressive
Climate pledges for COP21 are consistent with a temperature rise of 2.7 °C, with
investment needs of $13.5 trillion in low-carbon technologies & efficiency to 2030
Pledges submitted
Yet to submit pledges
© OECD/IEA 2015
Climate pledges decouple power sector
emissions from electricity demand
World electricity generation
The share of low-carbon power generation grows to almost 45% in 2030 so that
power emissions remain flat, while electricity demand grows by more than 40%
10
20
30
40
Generation(thousandTWh)
and related CO2 emissions
1990 2000 2010 2020 2030
Emissions(Gt)
5
10
15
20
CO2 emissions
Electricity
generation
Electricity
generation
CO2 emissions
© OECD/IEA 2015
Conclusions
 Low prices bring gains to consumers, but can also sow the seeds
of future risks to energy security: no room for complacency
 India’s energy needs are huge: there is a strong shared interest
to support India’s push for clean & efficient technologies
 China’s transition to a more diversified & much less energy-
intensive model for growth re-shapes energy markets
 The energy transition is underway, but needs a strong signal from
Paris: governments must ring-fence policies against market swings
 With looming energy security & environmental challenges,
international cooperation on energy has never been more vital
©OECD/IEA2015
www.worldenergyoutlook.org

More Related Content

What's hot

OECD Parliamentary Days 2016 - World Energy Outlook
OECD Parliamentary Days 2016 - World Energy OutlookOECD Parliamentary Days 2016 - World Energy Outlook
OECD Parliamentary Days 2016 - World Energy Outlook
OECD - Organisation for Economic Co-operation and Development
 
Iea ministerial meeting 19 november 2013
Iea ministerial meeting 19 november 2013Iea ministerial meeting 19 november 2013
Iea ministerial meeting 19 november 2013
International Energy Agency
 
2015 Outlook For Energy presentation
2015 Outlook For Energy presentation2015 Outlook For Energy presentation
2015 Outlook For Energy presentation
Gema Sasmita
 
The role of CCS in mitigation scenarios - Ellina Levina, IEA
The role of CCS in mitigation scenarios - Ellina Levina, IEA The role of CCS in mitigation scenarios - Ellina Levina, IEA
The role of CCS in mitigation scenarios - Ellina Levina, IEA
Global CCS Institute
 
Energy Outlook Investment Report 2014:
Energy Outlook Investment Report 2014:Energy Outlook Investment Report 2014:
Energy Outlook Investment Report 2014:
International Energy Agency
 
Global power demand - Presentation by IEA Executive Director
Global power demand - Presentation by IEA Executive DirectorGlobal power demand - Presentation by IEA Executive Director
Global power demand - Presentation by IEA Executive Director
International Energy Agency
 
10 Cool Things About Wind Energy
10 Cool Things About Wind Energy10 Cool Things About Wind Energy
10 Cool Things About Wind Energy
MeridianEnergyNZ
 
IEA 2016 World Energy Investment Report PowerPoint
IEA 2016 World Energy Investment Report PowerPointIEA 2016 World Energy Investment Report PowerPoint
IEA 2016 World Energy Investment Report PowerPoint
Marcellus Drilling News
 
World Energy Outlook 2016 - Executive Summary
World Energy Outlook 2016 - Executive SummaryWorld Energy Outlook 2016 - Executive Summary
World Energy Outlook 2016 - Executive Summary
Marcellus Drilling News
 
Tracking Clean Energy Progress Report
Tracking Clean Energy Progress Report Tracking Clean Energy Progress Report
Tracking Clean Energy Progress Report
International Energy Agency
 
Energy Technology Perspectives 2014
Energy Technology Perspectives 2014Energy Technology Perspectives 2014
Energy Technology Perspectives 2014
International Energy Agency
 
BP Energy Outlook 2035: 2014 Booklet
BP Energy Outlook 2035: 2014 BookletBP Energy Outlook 2035: 2014 Booklet
BP Energy Outlook 2035: 2014 Booklet
bp
 
BP Energy Outlook 2035: 2015 Presentation
BP Energy Outlook 2035: 2015 PresentationBP Energy Outlook 2035: 2015 Presentation
BP Energy Outlook 2035: 2015 Presentation
bp
 
Global Energy Outlook and the Implications for Africa
Global Energy Outlook and the Implications for AfricaGlobal Energy Outlook and the Implications for Africa
Global Energy Outlook and the Implications for Africa
International Energy Agency
 
Modernising Building Energy Codes
Modernising Building Energy CodesModernising Building Energy Codes
Modernising Building Energy Codes
International Energy Agency
 
IEA Medium-Term Coal Market Report 2015
IEA Medium-Term Coal Market Report 2015IEA Medium-Term Coal Market Report 2015
IEA Medium-Term Coal Market Report 2015
International Energy Agency
 
IEA World Energy Outlook 2015 presentation
IEA World Energy Outlook 2015 presentationIEA World Energy Outlook 2015 presentation
IEA World Energy Outlook 2015 presentation
Energy for One World
 
Transition to Sustainable Buildings: Clean Energy Solutions Center Book Launch
Transition to Sustainable Buildings: Clean Energy Solutions Center Book Launch Transition to Sustainable Buildings: Clean Energy Solutions Center Book Launch
Transition to Sustainable Buildings: Clean Energy Solutions Center Book Launch
International Energy Agency
 
Southeast Asia Energy Outlook
Southeast Asia Energy OutlookSoutheast Asia Energy Outlook
Southeast Asia Energy Outlook
International Energy Agency
 
Asia Rising Industrial dynamism barometer - Oil & Gas
Asia Rising Industrial dynamism barometer - Oil & GasAsia Rising Industrial dynamism barometer - Oil & Gas
Asia Rising Industrial dynamism barometer - Oil & Gas
The Economist Media Businesses
 

What's hot (20)

OECD Parliamentary Days 2016 - World Energy Outlook
OECD Parliamentary Days 2016 - World Energy OutlookOECD Parliamentary Days 2016 - World Energy Outlook
OECD Parliamentary Days 2016 - World Energy Outlook
 
Iea ministerial meeting 19 november 2013
Iea ministerial meeting 19 november 2013Iea ministerial meeting 19 november 2013
Iea ministerial meeting 19 november 2013
 
2015 Outlook For Energy presentation
2015 Outlook For Energy presentation2015 Outlook For Energy presentation
2015 Outlook For Energy presentation
 
The role of CCS in mitigation scenarios - Ellina Levina, IEA
The role of CCS in mitigation scenarios - Ellina Levina, IEA The role of CCS in mitigation scenarios - Ellina Levina, IEA
The role of CCS in mitigation scenarios - Ellina Levina, IEA
 
Energy Outlook Investment Report 2014:
Energy Outlook Investment Report 2014:Energy Outlook Investment Report 2014:
Energy Outlook Investment Report 2014:
 
Global power demand - Presentation by IEA Executive Director
Global power demand - Presentation by IEA Executive DirectorGlobal power demand - Presentation by IEA Executive Director
Global power demand - Presentation by IEA Executive Director
 
10 Cool Things About Wind Energy
10 Cool Things About Wind Energy10 Cool Things About Wind Energy
10 Cool Things About Wind Energy
 
IEA 2016 World Energy Investment Report PowerPoint
IEA 2016 World Energy Investment Report PowerPointIEA 2016 World Energy Investment Report PowerPoint
IEA 2016 World Energy Investment Report PowerPoint
 
World Energy Outlook 2016 - Executive Summary
World Energy Outlook 2016 - Executive SummaryWorld Energy Outlook 2016 - Executive Summary
World Energy Outlook 2016 - Executive Summary
 
Tracking Clean Energy Progress Report
Tracking Clean Energy Progress Report Tracking Clean Energy Progress Report
Tracking Clean Energy Progress Report
 
Energy Technology Perspectives 2014
Energy Technology Perspectives 2014Energy Technology Perspectives 2014
Energy Technology Perspectives 2014
 
BP Energy Outlook 2035: 2014 Booklet
BP Energy Outlook 2035: 2014 BookletBP Energy Outlook 2035: 2014 Booklet
BP Energy Outlook 2035: 2014 Booklet
 
BP Energy Outlook 2035: 2015 Presentation
BP Energy Outlook 2035: 2015 PresentationBP Energy Outlook 2035: 2015 Presentation
BP Energy Outlook 2035: 2015 Presentation
 
Global Energy Outlook and the Implications for Africa
Global Energy Outlook and the Implications for AfricaGlobal Energy Outlook and the Implications for Africa
Global Energy Outlook and the Implications for Africa
 
Modernising Building Energy Codes
Modernising Building Energy CodesModernising Building Energy Codes
Modernising Building Energy Codes
 
IEA Medium-Term Coal Market Report 2015
IEA Medium-Term Coal Market Report 2015IEA Medium-Term Coal Market Report 2015
IEA Medium-Term Coal Market Report 2015
 
IEA World Energy Outlook 2015 presentation
IEA World Energy Outlook 2015 presentationIEA World Energy Outlook 2015 presentation
IEA World Energy Outlook 2015 presentation
 
Transition to Sustainable Buildings: Clean Energy Solutions Center Book Launch
Transition to Sustainable Buildings: Clean Energy Solutions Center Book Launch Transition to Sustainable Buildings: Clean Energy Solutions Center Book Launch
Transition to Sustainable Buildings: Clean Energy Solutions Center Book Launch
 
Southeast Asia Energy Outlook
Southeast Asia Energy OutlookSoutheast Asia Energy Outlook
Southeast Asia Energy Outlook
 
Asia Rising Industrial dynamism barometer - Oil & Gas
Asia Rising Industrial dynamism barometer - Oil & GasAsia Rising Industrial dynamism barometer - Oil & Gas
Asia Rising Industrial dynamism barometer - Oil & Gas
 

Viewers also liked

Clean and green hydrocarbons ignite publish
Clean and green hydrocarbons ignite publishClean and green hydrocarbons ignite publish
Clean and green hydrocarbons ignite publish
Krzysztof (Kris) Palka
 
Low oil prices and the new climate economy: constraint or opportunity
Low oil prices and the new climate economy: constraint or opportunityLow oil prices and the new climate economy: constraint or opportunity
Low oil prices and the new climate economy: constraint or opportunity
Stockholm Institute of Transition Economics
 
Fuel Saving Tips
Fuel Saving TipsFuel Saving Tips
Fuel Saving Tips
Eason Chan
 
Leading the Perfect Q&A in Any Presentation
Leading the Perfect Q&A in Any PresentationLeading the Perfect Q&A in Any Presentation
Leading the Perfect Q&A in Any Presentation
SketchBubble
 
5 Myths on How to be More Eloquent during Presentation
5 Myths on How to be More Eloquent during Presentation5 Myths on How to be More Eloquent during Presentation
5 Myths on How to be More Eloquent during Presentation
24Slides
 
Sustainable transport - will it ever really count?
Sustainable transport - will it ever really count?Sustainable transport - will it ever really count?
Sustainable transport - will it ever really count?
Institute for Transport Studies (ITS)
 
Mindtree IMS Offerings
Mindtree IMS OfferingsMindtree IMS Offerings
Mindtree IMS Offerings
Koushik Ramani
 
Fight for Yourself: How to Sell Your Ideas and Crush Presentations
Fight for Yourself: How to Sell Your Ideas and Crush PresentationsFight for Yourself: How to Sell Your Ideas and Crush Presentations
Fight for Yourself: How to Sell Your Ideas and Crush Presentations
Digital Surgeons
 
Ten Characteristics Common To Highly Effective Entrepreneurs
Ten Characteristics Common To Highly Effective EntrepreneursTen Characteristics Common To Highly Effective Entrepreneurs
Ten Characteristics Common To Highly Effective Entrepreneurs
Abhishek Shah
 
How To Become... LORD OF THE SLIDES
How To Become... LORD OF THE SLIDESHow To Become... LORD OF THE SLIDES
How To Become... LORD OF THE SLIDES
Paul Brown
 
How to Manage Your Anxiety When Presenting
How to Manage Your Anxiety When PresentingHow to Manage Your Anxiety When Presenting
How to Manage Your Anxiety When Presenting
Stanford Graduate School of Business
 
What is the Environmental Defense Fund
What is the Environmental Defense FundWhat is the Environmental Defense Fund
What is the Environmental Defense Fund
Peter Getty
 
21 Twitter Accounts to Follow Ahead of COP21
21 Twitter Accounts to Follow Ahead of COP2121 Twitter Accounts to Follow Ahead of COP21
21 Twitter Accounts to Follow Ahead of COP21
Enablon
 
5 tools for an awesome presentation-By Samid Razzak
5 tools for an awesome presentation-By Samid Razzak5 tools for an awesome presentation-By Samid Razzak
5 tools for an awesome presentation-By Samid Razzak
Md. Samid Razzak
 

Viewers also liked (14)

Clean and green hydrocarbons ignite publish
Clean and green hydrocarbons ignite publishClean and green hydrocarbons ignite publish
Clean and green hydrocarbons ignite publish
 
Low oil prices and the new climate economy: constraint or opportunity
Low oil prices and the new climate economy: constraint or opportunityLow oil prices and the new climate economy: constraint or opportunity
Low oil prices and the new climate economy: constraint or opportunity
 
Fuel Saving Tips
Fuel Saving TipsFuel Saving Tips
Fuel Saving Tips
 
Leading the Perfect Q&A in Any Presentation
Leading the Perfect Q&A in Any PresentationLeading the Perfect Q&A in Any Presentation
Leading the Perfect Q&A in Any Presentation
 
5 Myths on How to be More Eloquent during Presentation
5 Myths on How to be More Eloquent during Presentation5 Myths on How to be More Eloquent during Presentation
5 Myths on How to be More Eloquent during Presentation
 
Sustainable transport - will it ever really count?
Sustainable transport - will it ever really count?Sustainable transport - will it ever really count?
Sustainable transport - will it ever really count?
 
Mindtree IMS Offerings
Mindtree IMS OfferingsMindtree IMS Offerings
Mindtree IMS Offerings
 
Fight for Yourself: How to Sell Your Ideas and Crush Presentations
Fight for Yourself: How to Sell Your Ideas and Crush PresentationsFight for Yourself: How to Sell Your Ideas and Crush Presentations
Fight for Yourself: How to Sell Your Ideas and Crush Presentations
 
Ten Characteristics Common To Highly Effective Entrepreneurs
Ten Characteristics Common To Highly Effective EntrepreneursTen Characteristics Common To Highly Effective Entrepreneurs
Ten Characteristics Common To Highly Effective Entrepreneurs
 
How To Become... LORD OF THE SLIDES
How To Become... LORD OF THE SLIDESHow To Become... LORD OF THE SLIDES
How To Become... LORD OF THE SLIDES
 
How to Manage Your Anxiety When Presenting
How to Manage Your Anxiety When PresentingHow to Manage Your Anxiety When Presenting
How to Manage Your Anxiety When Presenting
 
What is the Environmental Defense Fund
What is the Environmental Defense FundWhat is the Environmental Defense Fund
What is the Environmental Defense Fund
 
21 Twitter Accounts to Follow Ahead of COP21
21 Twitter Accounts to Follow Ahead of COP2121 Twitter Accounts to Follow Ahead of COP21
21 Twitter Accounts to Follow Ahead of COP21
 
5 tools for an awesome presentation-By Samid Razzak
5 tools for an awesome presentation-By Samid Razzak5 tools for an awesome presentation-By Samid Razzak
5 tools for an awesome presentation-By Samid Razzak
 

Similar to World Energy Outlook 2015: Presentation to Press

World Energy Outlook 2014 - Dr. Fatih BIROL
World Energy Outlook 2014 - Dr. Fatih BIROLWorld Energy Outlook 2014 - Dr. Fatih BIROL
World Energy Outlook 2014 - Dr. Fatih BIROL
Cluster TWEED
 
Weo2010 london nov9
Weo2010 london nov9Weo2010 london nov9
Weo2010 london nov9
Tashtiot media
 
World Energy Outlook 2010 London Nov9
World Energy Outlook 2010 London Nov9World Energy Outlook 2010 London Nov9
World Energy Outlook 2010 London Nov9
Gareth Johnston
 
World Energy Outlook - Parliamentary Days 2015
World Energy Outlook - Parliamentary Days 2015World Energy Outlook - Parliamentary Days 2015
World Energy Outlook - Parliamentary Days 2015
OECD - Organisation for Economic Co-operation and Development
 
Renewable energy medium term market report 2015
Renewable energy medium term market report 2015Renewable energy medium term market report 2015
Renewable energy medium term market report 2015
Gestore dei Servizi Energetici
 
World Energy Outlook 2017 | Bruxelles - 01 février 2018
World Energy Outlook 2017 | Bruxelles - 01 février 2018World Energy Outlook 2017 | Bruxelles - 01 février 2018
World Energy Outlook 2017 | Bruxelles - 01 février 2018
Cluster TWEED
 
WEO 2008 WEC 19th March ROME
WEO 2008 WEC 19th March ROMEWEO 2008 WEC 19th March ROME
WEO 2008 WEC 19th March ROME
newcler
 
World Energy Outlook
World Energy OutlookWorld Energy Outlook
World Energy Outlook
Gianluca Calvosa
 
Webinar: New Policies Scenario, World Energy Outlook 2017
Webinar: New Policies Scenario, World Energy Outlook 2017Webinar: New Policies Scenario, World Energy Outlook 2017
Webinar: New Policies Scenario, World Energy Outlook 2017
International Energy Agency
 
IEA World Energy Outlook 2017- till period 2040
IEA World Energy Outlook 2017- till period 2040IEA World Energy Outlook 2017- till period 2040
IEA World Energy Outlook 2017- till period 2040
Energy for One World
 
World Energy Outlook, 2017
World Energy Outlook, 2017World Energy Outlook, 2017
World Energy Outlook, 2017
International Energy Agency
 
Energy outlook 2035_presentation
Energy outlook 2035_presentationEnergy outlook 2035_presentation
Energy outlook 2035_presentation
aguslatief
 
ISES 2013 - Day 1 - Richard H. Jones (Deputy Executive Director, Internationa...
ISES 2013 - Day 1 - Richard H. Jones (Deputy Executive Director, Internationa...ISES 2013 - Day 1 - Richard H. Jones (Deputy Executive Director, Internationa...
ISES 2013 - Day 1 - Richard H. Jones (Deputy Executive Director, Internationa...
Student Energy
 
Cozzi giff oecd
Cozzi giff oecdCozzi giff oecd
Cozzi giff oecd
OECD Environment
 
China Energy Outlook 2017
China Energy Outlook 2017China Energy Outlook 2017
China Energy Outlook 2017
International Energy Agency
 
Webinar : Southeast Asia Energy Outlook
Webinar : Southeast Asia Energy OutlookWebinar : Southeast Asia Energy Outlook
Webinar : Southeast Asia Energy Outlook
International Energy Agency
 
Global energy prospects and their implications for Indonesia
Global energy prospects and their implications for IndonesiaGlobal energy prospects and their implications for Indonesia
Global energy prospects and their implications for Indonesia
International Energy Agency
 
2017 Melchett Lecture
2017 Melchett Lecture2017 Melchett Lecture
2017 Melchett Lecture
International Energy Agency
 
Global energy markets: today & tomorrow
Global energy markets: today & tomorrowGlobal energy markets: today & tomorrow
Global energy markets: today & tomorrow
International Energy Agency
 
Global Energy Markets in Transition: Implications for the economy, environmen...
Global Energy Markets in Transition: Implications for the economy, environmen...Global Energy Markets in Transition: Implications for the economy, environmen...
Global Energy Markets in Transition: Implications for the economy, environmen...
International Energy Agency
 

Similar to World Energy Outlook 2015: Presentation to Press (20)

World Energy Outlook 2014 - Dr. Fatih BIROL
World Energy Outlook 2014 - Dr. Fatih BIROLWorld Energy Outlook 2014 - Dr. Fatih BIROL
World Energy Outlook 2014 - Dr. Fatih BIROL
 
Weo2010 london nov9
Weo2010 london nov9Weo2010 london nov9
Weo2010 london nov9
 
World Energy Outlook 2010 London Nov9
World Energy Outlook 2010 London Nov9World Energy Outlook 2010 London Nov9
World Energy Outlook 2010 London Nov9
 
World Energy Outlook - Parliamentary Days 2015
World Energy Outlook - Parliamentary Days 2015World Energy Outlook - Parliamentary Days 2015
World Energy Outlook - Parliamentary Days 2015
 
Renewable energy medium term market report 2015
Renewable energy medium term market report 2015Renewable energy medium term market report 2015
Renewable energy medium term market report 2015
 
World Energy Outlook 2017 | Bruxelles - 01 février 2018
World Energy Outlook 2017 | Bruxelles - 01 février 2018World Energy Outlook 2017 | Bruxelles - 01 février 2018
World Energy Outlook 2017 | Bruxelles - 01 février 2018
 
WEO 2008 WEC 19th March ROME
WEO 2008 WEC 19th March ROMEWEO 2008 WEC 19th March ROME
WEO 2008 WEC 19th March ROME
 
World Energy Outlook
World Energy OutlookWorld Energy Outlook
World Energy Outlook
 
Webinar: New Policies Scenario, World Energy Outlook 2017
Webinar: New Policies Scenario, World Energy Outlook 2017Webinar: New Policies Scenario, World Energy Outlook 2017
Webinar: New Policies Scenario, World Energy Outlook 2017
 
IEA World Energy Outlook 2017- till period 2040
IEA World Energy Outlook 2017- till period 2040IEA World Energy Outlook 2017- till period 2040
IEA World Energy Outlook 2017- till period 2040
 
World Energy Outlook, 2017
World Energy Outlook, 2017World Energy Outlook, 2017
World Energy Outlook, 2017
 
Energy outlook 2035_presentation
Energy outlook 2035_presentationEnergy outlook 2035_presentation
Energy outlook 2035_presentation
 
ISES 2013 - Day 1 - Richard H. Jones (Deputy Executive Director, Internationa...
ISES 2013 - Day 1 - Richard H. Jones (Deputy Executive Director, Internationa...ISES 2013 - Day 1 - Richard H. Jones (Deputy Executive Director, Internationa...
ISES 2013 - Day 1 - Richard H. Jones (Deputy Executive Director, Internationa...
 
Cozzi giff oecd
Cozzi giff oecdCozzi giff oecd
Cozzi giff oecd
 
China Energy Outlook 2017
China Energy Outlook 2017China Energy Outlook 2017
China Energy Outlook 2017
 
Webinar : Southeast Asia Energy Outlook
Webinar : Southeast Asia Energy OutlookWebinar : Southeast Asia Energy Outlook
Webinar : Southeast Asia Energy Outlook
 
Global energy prospects and their implications for Indonesia
Global energy prospects and their implications for IndonesiaGlobal energy prospects and their implications for Indonesia
Global energy prospects and their implications for Indonesia
 
2017 Melchett Lecture
2017 Melchett Lecture2017 Melchett Lecture
2017 Melchett Lecture
 
Global energy markets: today & tomorrow
Global energy markets: today & tomorrowGlobal energy markets: today & tomorrow
Global energy markets: today & tomorrow
 
Global Energy Markets in Transition: Implications for the economy, environmen...
Global Energy Markets in Transition: Implications for the economy, environmen...Global Energy Markets in Transition: Implications for the economy, environmen...
Global Energy Markets in Transition: Implications for the economy, environmen...
 

More from International Energy Agency

IEA Executive Director Presentation to G20 Energy Ministers Session
IEA Executive Director Presentation to G20 Energy Ministers SessionIEA Executive Director Presentation to G20 Energy Ministers Session
IEA Executive Director Presentation to G20 Energy Ministers Session
International Energy Agency
 
World Energy Investment Launch Presentation - 14th May 2019
World Energy Investment Launch Presentation - 14th May 2019World Energy Investment Launch Presentation - 14th May 2019
World Energy Investment Launch Presentation - 14th May 2019
International Energy Agency
 
The LNG opportunity for Europe
The LNG opportunity for EuropeThe LNG opportunity for Europe
The LNG opportunity for Europe
International Energy Agency
 
What role will nuclear power play in meeting energy security and climate goals?
What role will nuclear power play in meeting energy security and climate goals?What role will nuclear power play in meeting energy security and climate goals?
What role will nuclear power play in meeting energy security and climate goals?
International Energy Agency
 
Energy Efficiency 2018 - South African Webinar
Energy Efficiency 2018 - South African Webinar Energy Efficiency 2018 - South African Webinar
Energy Efficiency 2018 - South African Webinar
International Energy Agency
 
Webinar on Sustainable Development Scenario
Webinar on Sustainable Development ScenarioWebinar on Sustainable Development Scenario
Webinar on Sustainable Development Scenario
International Energy Agency
 
WEO-2018 Electricity Webinar
WEO-2018 Electricity WebinarWEO-2018 Electricity Webinar
WEO-2018 Electricity Webinar
International Energy Agency
 
Webinar on the Outlook for Fuels, 23rd November 2018
Webinar on the Outlook for Fuels, 23rd November 2018Webinar on the Outlook for Fuels, 23rd November 2018
Webinar on the Outlook for Fuels, 23rd November 2018
International Energy Agency
 
IEA Webinar: Energy Efficiency Market Report 2018 (Portuguese version)
IEA Webinar: Energy Efficiency Market Report 2018 (Portuguese version)IEA Webinar: Energy Efficiency Market Report 2018 (Portuguese version)
IEA Webinar: Energy Efficiency Market Report 2018 (Portuguese version)
International Energy Agency
 
IEA Webinar: Energy Efficiency Market Report 2018 (Spanish version)
IEA Webinar: Energy Efficiency Market Report 2018 (Spanish version)IEA Webinar: Energy Efficiency Market Report 2018 (Spanish version)
IEA Webinar: Energy Efficiency Market Report 2018 (Spanish version)
International Energy Agency
 
IEA Webinar: Energy Efficiency Market Report 2018
IEA Webinar: Energy Efficiency Market Report 2018IEA Webinar: Energy Efficiency Market Report 2018
IEA Webinar: Energy Efficiency Market Report 2018
International Energy Agency
 
Producer Economies Webinar
Producer Economies WebinarProducer Economies Webinar
Producer Economies Webinar
International Energy Agency
 
Hydrogen: Accelerating & Expanding Deployment
Hydrogen: Accelerating & Expanding Deployment Hydrogen: Accelerating & Expanding Deployment
Hydrogen: Accelerating & Expanding Deployment
International Energy Agency
 
LNG: Driving global gas growth & improving flexibility
LNG: Driving global gas growth & improving flexibilityLNG: Driving global gas growth & improving flexibility
LNG: Driving global gas growth & improving flexibility
International Energy Agency
 
Natural gas and LNG in the Future of Global Energy
Natural gas and LNG in the Future of Global EnergyNatural gas and LNG in the Future of Global Energy
Natural gas and LNG in the Future of Global Energy
International Energy Agency
 
Water and the Sustainable Development Scenario
Water and the Sustainable Development ScenarioWater and the Sustainable Development Scenario
Water and the Sustainable Development Scenario
International Energy Agency
 
Low carbon Transition in the Cement Industry
Low carbon Transition in the Cement IndustryLow carbon Transition in the Cement Industry
Low carbon Transition in the Cement Industry
International Energy Agency
 
Low carbon Transition in the Cement Industry
Low carbon Transition in the Cement IndustryLow carbon Transition in the Cement Industry
Low carbon Transition in the Cement Industry
International Energy Agency
 
Oil 2018 - Launch Presentation
Oil 2018 - Launch PresentationOil 2018 - Launch Presentation
Oil 2018 - Launch Presentation
International Energy Agency
 
Oil 2018 slide deck
Oil 2018 slide deckOil 2018 slide deck
Oil 2018 slide deck
International Energy Agency
 

More from International Energy Agency (20)

IEA Executive Director Presentation to G20 Energy Ministers Session
IEA Executive Director Presentation to G20 Energy Ministers SessionIEA Executive Director Presentation to G20 Energy Ministers Session
IEA Executive Director Presentation to G20 Energy Ministers Session
 
World Energy Investment Launch Presentation - 14th May 2019
World Energy Investment Launch Presentation - 14th May 2019World Energy Investment Launch Presentation - 14th May 2019
World Energy Investment Launch Presentation - 14th May 2019
 
The LNG opportunity for Europe
The LNG opportunity for EuropeThe LNG opportunity for Europe
The LNG opportunity for Europe
 
What role will nuclear power play in meeting energy security and climate goals?
What role will nuclear power play in meeting energy security and climate goals?What role will nuclear power play in meeting energy security and climate goals?
What role will nuclear power play in meeting energy security and climate goals?
 
Energy Efficiency 2018 - South African Webinar
Energy Efficiency 2018 - South African Webinar Energy Efficiency 2018 - South African Webinar
Energy Efficiency 2018 - South African Webinar
 
Webinar on Sustainable Development Scenario
Webinar on Sustainable Development ScenarioWebinar on Sustainable Development Scenario
Webinar on Sustainable Development Scenario
 
WEO-2018 Electricity Webinar
WEO-2018 Electricity WebinarWEO-2018 Electricity Webinar
WEO-2018 Electricity Webinar
 
Webinar on the Outlook for Fuels, 23rd November 2018
Webinar on the Outlook for Fuels, 23rd November 2018Webinar on the Outlook for Fuels, 23rd November 2018
Webinar on the Outlook for Fuels, 23rd November 2018
 
IEA Webinar: Energy Efficiency Market Report 2018 (Portuguese version)
IEA Webinar: Energy Efficiency Market Report 2018 (Portuguese version)IEA Webinar: Energy Efficiency Market Report 2018 (Portuguese version)
IEA Webinar: Energy Efficiency Market Report 2018 (Portuguese version)
 
IEA Webinar: Energy Efficiency Market Report 2018 (Spanish version)
IEA Webinar: Energy Efficiency Market Report 2018 (Spanish version)IEA Webinar: Energy Efficiency Market Report 2018 (Spanish version)
IEA Webinar: Energy Efficiency Market Report 2018 (Spanish version)
 
IEA Webinar: Energy Efficiency Market Report 2018
IEA Webinar: Energy Efficiency Market Report 2018IEA Webinar: Energy Efficiency Market Report 2018
IEA Webinar: Energy Efficiency Market Report 2018
 
Producer Economies Webinar
Producer Economies WebinarProducer Economies Webinar
Producer Economies Webinar
 
Hydrogen: Accelerating & Expanding Deployment
Hydrogen: Accelerating & Expanding Deployment Hydrogen: Accelerating & Expanding Deployment
Hydrogen: Accelerating & Expanding Deployment
 
LNG: Driving global gas growth & improving flexibility
LNG: Driving global gas growth & improving flexibilityLNG: Driving global gas growth & improving flexibility
LNG: Driving global gas growth & improving flexibility
 
Natural gas and LNG in the Future of Global Energy
Natural gas and LNG in the Future of Global EnergyNatural gas and LNG in the Future of Global Energy
Natural gas and LNG in the Future of Global Energy
 
Water and the Sustainable Development Scenario
Water and the Sustainable Development ScenarioWater and the Sustainable Development Scenario
Water and the Sustainable Development Scenario
 
Low carbon Transition in the Cement Industry
Low carbon Transition in the Cement IndustryLow carbon Transition in the Cement Industry
Low carbon Transition in the Cement Industry
 
Low carbon Transition in the Cement Industry
Low carbon Transition in the Cement IndustryLow carbon Transition in the Cement Industry
Low carbon Transition in the Cement Industry
 
Oil 2018 - Launch Presentation
Oil 2018 - Launch PresentationOil 2018 - Launch Presentation
Oil 2018 - Launch Presentation
 
Oil 2018 slide deck
Oil 2018 slide deckOil 2018 slide deck
Oil 2018 slide deck
 

Recently uploaded

Baby Pigeons_ Everything You Need to Know.pptx
Baby Pigeons_ Everything You Need to Know.pptxBaby Pigeons_ Everything You Need to Know.pptx
Baby Pigeons_ Everything You Need to Know.pptx
Phil Heath
 
Renewable Energy in OAPEC Countries: Current Status and Outlook
Renewable Energy in OAPEC Countries: Current Status and Outlook     Renewable Energy in OAPEC Countries: Current Status and Outlook
Renewable Energy in OAPEC Countries: Current Status and Outlook
Dr. Salem Baidas
 
Verified Girls Call Noida 9873940964 Unlimited Short Providing Girls Service ...
Verified Girls Call Noida 9873940964 Unlimited Short Providing Girls Service ...Verified Girls Call Noida 9873940964 Unlimited Short Providing Girls Service ...
Verified Girls Call Noida 9873940964 Unlimited Short Providing Girls Service ...
kinni singh$A17
 
Exclusive Girls Call Thane 9930245274 Unlimited Short Providing Girls Service...
Exclusive Girls Call Thane 9930245274 Unlimited Short Providing Girls Service...Exclusive Girls Call Thane 9930245274 Unlimited Short Providing Girls Service...
Exclusive Girls Call Thane 9930245274 Unlimited Short Providing Girls Service...
revolutionary575
 
Plastic Waste
Plastic Waste Plastic Waste
Plastic Waste
Dr. Salem Baidas
 
ニッテ大学派遣プログラム電力チーム最終プレゼン資料「インドにおける廃棄物発電とゴミの分別方法に関する提案」
ニッテ大学派遣プログラム電力チーム最終プレゼン資料「インドにおける廃棄物発電とゴミの分別方法に関する提案」ニッテ大学派遣プログラム電力チーム最終プレゼン資料「インドにおける廃棄物発電とゴミの分別方法に関する提案」
ニッテ大学派遣プログラム電力チーム最終プレゼン資料「インドにおける廃棄物発電とゴミの分別方法に関する提案」
Katsuya Shiratori
 
AI & ML in Urban Forestry_CT Protective Association 7-18-2024_Final.pdf
AI & ML in Urban Forestry_CT Protective Association 7-18-2024_Final.pdfAI & ML in Urban Forestry_CT Protective Association 7-18-2024_Final.pdf
AI & ML in Urban Forestry_CT Protective Association 7-18-2024_Final.pdf
Josh Behounek
 
High Profile Girls Call Mumbai 🛵🚡9930687706 💃 Choose Best And Top Girl Servic...
High Profile Girls Call Mumbai 🛵🚡9930687706 💃 Choose Best And Top Girl Servic...High Profile Girls Call Mumbai 🛵🚡9930687706 💃 Choose Best And Top Girl Servic...
High Profile Girls Call Mumbai 🛵🚡9930687706 💃 Choose Best And Top Girl Servic...
3610stuck
 
Competitive Removal of Perchlorate from Contaminated Water
Competitive Removal of Perchlorate from Contaminated WaterCompetitive Removal of Perchlorate from Contaminated Water
Competitive Removal of Perchlorate from Contaminated Water
Dr. Salem Baidas
 
BIOFIN-EU: Webinar "Biodiversity-linked Decision Support for Food Companies"
BIOFIN-EU: Webinar "Biodiversity-linked Decision Support for Food Companies"BIOFIN-EU: Webinar "Biodiversity-linked Decision Support for Food Companies"
BIOFIN-EU: Webinar "Biodiversity-linked Decision Support for Food Companies"
BIOFIN-EU
 
Busty Girls Call Mumbai 9920725232 Unlimited Short Providing Girls Service Av...
Busty Girls Call Mumbai 9920725232 Unlimited Short Providing Girls Service Av...Busty Girls Call Mumbai 9920725232 Unlimited Short Providing Girls Service Av...
Busty Girls Call Mumbai 9920725232 Unlimited Short Providing Girls Service Av...
45unexpected
 
News Clippings and Newspapers related to Climate Change
News Clippings and Newspapers related to Climate ChangeNews Clippings and Newspapers related to Climate Change
News Clippings and Newspapers related to Climate Change
parasfahimshehri
 
Waste Management & Pollution PPT V1.pptx
Waste Management & Pollution PPT V1.pptxWaste Management & Pollution PPT V1.pptx
Waste Management & Pollution PPT V1.pptx
vilask7
 
RU-IITH産学国際協働PBLプログラム電力チーム最終プレゼン「廃棄物発電とIoTゴミ箱によるインド農村部の電力グリッド網の構築」
RU-IITH産学国際協働PBLプログラム電力チーム最終プレゼン「廃棄物発電とIoTゴミ箱によるインド農村部の電力グリッド網の構築」RU-IITH産学国際協働PBLプログラム電力チーム最終プレゼン「廃棄物発電とIoTゴミ箱によるインド農村部の電力グリッド網の構築」
RU-IITH産学国際協働PBLプログラム電力チーム最終プレゼン「廃棄物発電とIoTゴミ箱によるインド農村部の電力グリッド網の構築」
Katsuya Shiratori
 
Wastewater Treatment
Wastewater TreatmentWastewater Treatment
Wastewater Treatment
Dr. Salem Baidas
 
Bio-Medical Waste Management in Patna City.pptx
Bio-Medical Waste Management in Patna City.pptxBio-Medical Waste Management in Patna City.pptx
Bio-Medical Waste Management in Patna City.pptx
Himanshu Srivastava
 
Social ,economic and cultural importance of chitlang
Social ,economic and cultural importance of chitlangSocial ,economic and cultural importance of chitlang
Social ,economic and cultural importance of chitlang
samzanatimalsina777
 
The Microbiology of Wastewater Management
The Microbiology of Wastewater ManagementThe Microbiology of Wastewater Management
The Microbiology of Wastewater Management
PstSanitarianWalsonP
 
Nashik Girls call Service 000XX00000 Provide Best And Top Girl Service And No...
Nashik Girls call Service 000XX00000 Provide Best And Top Girl Service And No...Nashik Girls call Service 000XX00000 Provide Best And Top Girl Service And No...
Nashik Girls call Service 000XX00000 Provide Best And Top Girl Service And No...
tanudubay92
 
Environmental Impact Assessment
Environmental Impact Assessment   Environmental Impact Assessment
Environmental Impact Assessment
Dr. Salem Baidas
 

Recently uploaded (20)

Baby Pigeons_ Everything You Need to Know.pptx
Baby Pigeons_ Everything You Need to Know.pptxBaby Pigeons_ Everything You Need to Know.pptx
Baby Pigeons_ Everything You Need to Know.pptx
 
Renewable Energy in OAPEC Countries: Current Status and Outlook
Renewable Energy in OAPEC Countries: Current Status and Outlook     Renewable Energy in OAPEC Countries: Current Status and Outlook
Renewable Energy in OAPEC Countries: Current Status and Outlook
 
Verified Girls Call Noida 9873940964 Unlimited Short Providing Girls Service ...
Verified Girls Call Noida 9873940964 Unlimited Short Providing Girls Service ...Verified Girls Call Noida 9873940964 Unlimited Short Providing Girls Service ...
Verified Girls Call Noida 9873940964 Unlimited Short Providing Girls Service ...
 
Exclusive Girls Call Thane 9930245274 Unlimited Short Providing Girls Service...
Exclusive Girls Call Thane 9930245274 Unlimited Short Providing Girls Service...Exclusive Girls Call Thane 9930245274 Unlimited Short Providing Girls Service...
Exclusive Girls Call Thane 9930245274 Unlimited Short Providing Girls Service...
 
Plastic Waste
Plastic Waste Plastic Waste
Plastic Waste
 
ニッテ大学派遣プログラム電力チーム最終プレゼン資料「インドにおける廃棄物発電とゴミの分別方法に関する提案」
ニッテ大学派遣プログラム電力チーム最終プレゼン資料「インドにおける廃棄物発電とゴミの分別方法に関する提案」ニッテ大学派遣プログラム電力チーム最終プレゼン資料「インドにおける廃棄物発電とゴミの分別方法に関する提案」
ニッテ大学派遣プログラム電力チーム最終プレゼン資料「インドにおける廃棄物発電とゴミの分別方法に関する提案」
 
AI & ML in Urban Forestry_CT Protective Association 7-18-2024_Final.pdf
AI & ML in Urban Forestry_CT Protective Association 7-18-2024_Final.pdfAI & ML in Urban Forestry_CT Protective Association 7-18-2024_Final.pdf
AI & ML in Urban Forestry_CT Protective Association 7-18-2024_Final.pdf
 
High Profile Girls Call Mumbai 🛵🚡9930687706 💃 Choose Best And Top Girl Servic...
High Profile Girls Call Mumbai 🛵🚡9930687706 💃 Choose Best And Top Girl Servic...High Profile Girls Call Mumbai 🛵🚡9930687706 💃 Choose Best And Top Girl Servic...
High Profile Girls Call Mumbai 🛵🚡9930687706 💃 Choose Best And Top Girl Servic...
 
Competitive Removal of Perchlorate from Contaminated Water
Competitive Removal of Perchlorate from Contaminated WaterCompetitive Removal of Perchlorate from Contaminated Water
Competitive Removal of Perchlorate from Contaminated Water
 
BIOFIN-EU: Webinar "Biodiversity-linked Decision Support for Food Companies"
BIOFIN-EU: Webinar "Biodiversity-linked Decision Support for Food Companies"BIOFIN-EU: Webinar "Biodiversity-linked Decision Support for Food Companies"
BIOFIN-EU: Webinar "Biodiversity-linked Decision Support for Food Companies"
 
Busty Girls Call Mumbai 9920725232 Unlimited Short Providing Girls Service Av...
Busty Girls Call Mumbai 9920725232 Unlimited Short Providing Girls Service Av...Busty Girls Call Mumbai 9920725232 Unlimited Short Providing Girls Service Av...
Busty Girls Call Mumbai 9920725232 Unlimited Short Providing Girls Service Av...
 
News Clippings and Newspapers related to Climate Change
News Clippings and Newspapers related to Climate ChangeNews Clippings and Newspapers related to Climate Change
News Clippings and Newspapers related to Climate Change
 
Waste Management & Pollution PPT V1.pptx
Waste Management & Pollution PPT V1.pptxWaste Management & Pollution PPT V1.pptx
Waste Management & Pollution PPT V1.pptx
 
RU-IITH産学国際協働PBLプログラム電力チーム最終プレゼン「廃棄物発電とIoTゴミ箱によるインド農村部の電力グリッド網の構築」
RU-IITH産学国際協働PBLプログラム電力チーム最終プレゼン「廃棄物発電とIoTゴミ箱によるインド農村部の電力グリッド網の構築」RU-IITH産学国際協働PBLプログラム電力チーム最終プレゼン「廃棄物発電とIoTゴミ箱によるインド農村部の電力グリッド網の構築」
RU-IITH産学国際協働PBLプログラム電力チーム最終プレゼン「廃棄物発電とIoTゴミ箱によるインド農村部の電力グリッド網の構築」
 
Wastewater Treatment
Wastewater TreatmentWastewater Treatment
Wastewater Treatment
 
Bio-Medical Waste Management in Patna City.pptx
Bio-Medical Waste Management in Patna City.pptxBio-Medical Waste Management in Patna City.pptx
Bio-Medical Waste Management in Patna City.pptx
 
Social ,economic and cultural importance of chitlang
Social ,economic and cultural importance of chitlangSocial ,economic and cultural importance of chitlang
Social ,economic and cultural importance of chitlang
 
The Microbiology of Wastewater Management
The Microbiology of Wastewater ManagementThe Microbiology of Wastewater Management
The Microbiology of Wastewater Management
 
Nashik Girls call Service 000XX00000 Provide Best And Top Girl Service And No...
Nashik Girls call Service 000XX00000 Provide Best And Top Girl Service And No...Nashik Girls call Service 000XX00000 Provide Best And Top Girl Service And No...
Nashik Girls call Service 000XX00000 Provide Best And Top Girl Service And No...
 
Environmental Impact Assessment
Environmental Impact Assessment   Environmental Impact Assessment
Environmental Impact Assessment
 

World Energy Outlook 2015: Presentation to Press

  • 2. © OECD/IEA 2015 The start of a new energy era?  2015 has seen lower prices for all fossil fuels  Oil & gas could face second year of falling upstream investment in 2016  Coal prices remain at rock-bottom as demand slows in China  Signals turn green ahead of key Paris climate summit  Pledges of 150+ countries account for 90% of energy-related emissions  Renewables capacity additions at a record-high of 130 GW in 2014  Fossil-fuel subsidy reform, led by India & Indonesia, reduces the global subsidy bill below $500 billion in 2014  Multiple signs of change, but are they moving the energy system in the right direction?
  • 3. © OECD/IEA 2015 Mtoe -300 0 300 600 900 1 200 Demand growth in Asia – the sequel By 2040, India’s energy demand closes in on that of the United States, even though demand per capita remains 40% below the world average European Union United States Japan Latin America Middle East Southeast Asia Africa China India Change in energy demand in selected regions, 2014-2040
  • 4. © OECD/IEA 2015 but – for oil & gas – the gains are offset by the move to more complex fields Policies spur innovation and tip the balance towards low-carbon Costs in 2040 for different energy sources/technologies, relative to 2014 -60% -40% -20% 0% 20% 40% 60% Solar PV Onshore wind Efficient industrial heat production Efficient lighting Upstream oil and gas Innovation reduces the costs of low-carbon technologies & energy efficiency,
  • 5. © OECD/IEA 2015 A new balancing item in the oil market? Change in production (2015-2020) of US tight oil for a range of 2020 oil prices Tight oil has created more short-term supply flexibility, but there is no guarantee that the adjustment mechanism in oil markets will be smooth -4 -3 -2 -1 0 1 2 $40/bbl $50/bbl $60/bbl $70/bbl $80/bbl $90/bbl $100/bbl mb/d
  • 6. © OECD/IEA 2015 If oil prices stay lower for much longer: what would it take, what would it mean?  Much more resilient non-OPEC supply & higher output from a stable Middle East could hold the oil price close to $50/bbl until the 2020s  Oil importers gain, each $1/bbl reduction is $15 billion off import bills; major window of opportunity to press ahead with subsidy reform  If lower prices persist for decades, reliance on Middle East oil gets back to 1970s levels; risk of a sharp market rebound if investment falls short  Lower prices could undercut essential policy support for the energy transition: weaker incentives mean 15% of efficiency savings are lost  Reduction in revenues to key producers & boost to global oil demand growth make a prolonged period of lower prices progressively less likely
  • 7. © OECD/IEA 2015 Natural gas demand and supply in developing Asia The big opportunities & uncertainties for natural gas are in Asia Developing Asia accounts for almost half of the rise in global gas demand & 75% of the increase in imports, but gas faces strong competition from renewables & coal 300 600 900 1 200 1 500 Demand Production bcm Conventional Unconventional Additional to 2040 2014 , 2014, 2014 & 2040, 2040 Imports
  • 8. © OECD/IEA 2015 Energy demand GDP A new chapter in China’s growth story Along with energy efficiency, structural shifts in China’s economy favouring expansion of services, mean less energy is required to generate economic growth 3 000 6 000 9 000 2000 2010 2020 2030 2040 Energydemand(Mtoe) 20 40 60 GDP(trilliondollars,PPP) Energy demand GDP Total primary energy demand & GDP in ChinaEnergy demand in China 1 000 2 000 3 000 4 000 Coal Oil Gas Nuclear Renewables Energy demand GDP 3 000 6 000 9 000 2000 2010 2020 2030 2040 Energydemand(Mtoe) 20 40 60 GDP(trilliondollars,PPP)
  • 9. © OECD/IEA 2015 India moving to the centre of the world energy stage Change in demand for selected fuels, 2014-2040 New infrastructure, an expanding middle class & 600 million new electricity consumers mean a large rise in the energy required to fuel India’s development Solar PV 0 500 1 000 1 500 (TWh) Oil -16 -8 0 8 16 24 (mb/d) Coal -1 000 -500 0 500 1 000 1 500 (Mtce) China India United States European Union Africa Middle East Japan India China Africa Middle East Southeast Asia United States Japan European Union India Southeast Asia Africa European Union United States
  • 10. © OECD/IEA 2015 Power is leading the transformation of the energy system Global electricity generation by source Driven by continued policy support, renewables account for half of additional global generation, overtaking coal around 2030 to become the largest power source 3 000 12 000 15 000 TWh Change to 2040 2014 Renewables Coal Gas Nuclear Oil Hydro Wind Solar Other renewables Of which: 6 000 9 000
  • 11. © OECD/IEA 2015 Efficiency measures on the rise, but significant potential still exists Share of global mandatory efficiency regulation of final energy consumption Energy efficiency policies are introduced in more countries and sectors; they continue to slow demand growth but more can be done 10% 20% 30% 40% 2005 2014 2040 Industry  Steam boilers  Process heat  Motors Buildings  Heating/Cooling  Lighting/Appliances Transport  Cars  Trucks  Ships
  • 12. © OECD/IEA 2015 The coverage of climate pledges is impressive Climate pledges for COP21 are consistent with a temperature rise of 2.7 °C, with investment needs of $13.5 trillion in low-carbon technologies & efficiency to 2030 Pledges submitted Yet to submit pledges
  • 13. © OECD/IEA 2015 Climate pledges decouple power sector emissions from electricity demand World electricity generation The share of low-carbon power generation grows to almost 45% in 2030 so that power emissions remain flat, while electricity demand grows by more than 40% 10 20 30 40 Generation(thousandTWh) and related CO2 emissions 1990 2000 2010 2020 2030 Emissions(Gt) 5 10 15 20 CO2 emissions Electricity generation Electricity generation CO2 emissions
  • 14. © OECD/IEA 2015 Conclusions  Low prices bring gains to consumers, but can also sow the seeds of future risks to energy security: no room for complacency  India’s energy needs are huge: there is a strong shared interest to support India’s push for clean & efficient technologies  China’s transition to a more diversified & much less energy- intensive model for growth re-shapes energy markets  The energy transition is underway, but needs a strong signal from Paris: governments must ring-fence policies against market swings  With looming energy security & environmental challenges, international cooperation on energy has never been more vital