A factsheet with a summary version for many of the findings in the WEO report, published Nov. 2012. The report is an annual publication by the International Energy Agency. The 2012 version calls attention to the world-changing impact of hydraulic fracturing of shale gas and oil deposits in North America. Its worldwide impact, according to the report, is profound.
Since 1952, the review’s mission has always been to provide objective, global data on energy markets to inform discussion, debate and decision-making. This first snap-shot of the global energy picture in 2013 – together with the historical data that puts today’s information into context – can help us to understand how the world around us is changing.
A study released by the analysts at consulting firm Deloitte that looks at the top issues facing the oil and gas sector. The study finds that within the next 5-6 years surging shale oil and natural gas production in the U.S. will "cut deeply" into OPEC's influence on setting world oil prices.
The Energy Outlook sets out a base case which outlines the 'most likely' path for global energy markets until 2035, based on assumptions and judgments about future changes in policy, technology and the economy. The Outlook also develops alternative cases to explore key uncertainties
The annual Energy Outlook reflects our best effort to describe a “most likely” trajectory of the global energy system, based on our views of likely economic and population growth, as well as developments in policy and technology
This 2015 edition updates our view of the likely path of global energy markets to 2035. We make assumptions on changes in policy, technology and the economy, based on extensive internal and external consultations, using a range of analytical tools to build a single “most likely” view.
The Outlook highlights the continuous change in the energy system – the changing fuel mix, the changing patterns of trade – as it adapts to meet the world’s growing energy needs. It also highlights the challenge of delivering energy supplies which are sustainable, secure and affordable. The Outlook emphasizes the role of competition and market forces in driving technology and innovation to help us meet that challenge.
The BP Energy Outlook 2035 is our 2014 projection for the world's energy future.
This year's outlook reveals that global energy demand continues to grow but that growth is slowing and will mainly be driven by emerging economies - led by China and India.
Shares of the major fossil fuels are converging, with oil, natural gas and coal each expected to make up around 27 per cent of the total mix by 2035 and the remaining share coming from nuclear, hydroelectricity and renewables.
Watch the video to see what else 2035 could bring for the energy industry. To find out more about the BP Energy Outlook 2035, visit http://www.bp.com/energyoutlook
BP's annual energy forecast. This is the first year they've stretched the timeline--from 2030 to 2035. According to BP forecasters, global energy demand will rise 41% from now until 2035 with 95% of that growth coming from "emerging economies." Also, gas as a source of energy is growing fastest for fossil fuels and by 2035 is expected to be at parity with coal--each providing about 27% of power needs in 2035. BP says shale gas will make up 68% of U.S. gas production by 2035.
Since 1952, the review’s mission has always been to provide objective, global data on energy markets to inform discussion, debate and decision-making. This first snap-shot of the global energy picture in 2013 – together with the historical data that puts today’s information into context – can help us to understand how the world around us is changing.
A study released by the analysts at consulting firm Deloitte that looks at the top issues facing the oil and gas sector. The study finds that within the next 5-6 years surging shale oil and natural gas production in the U.S. will "cut deeply" into OPEC's influence on setting world oil prices.
The Energy Outlook sets out a base case which outlines the 'most likely' path for global energy markets until 2035, based on assumptions and judgments about future changes in policy, technology and the economy. The Outlook also develops alternative cases to explore key uncertainties
The annual Energy Outlook reflects our best effort to describe a “most likely” trajectory of the global energy system, based on our views of likely economic and population growth, as well as developments in policy and technology
This 2015 edition updates our view of the likely path of global energy markets to 2035. We make assumptions on changes in policy, technology and the economy, based on extensive internal and external consultations, using a range of analytical tools to build a single “most likely” view.
The Outlook highlights the continuous change in the energy system – the changing fuel mix, the changing patterns of trade – as it adapts to meet the world’s growing energy needs. It also highlights the challenge of delivering energy supplies which are sustainable, secure and affordable. The Outlook emphasizes the role of competition and market forces in driving technology and innovation to help us meet that challenge.
The BP Energy Outlook 2035 is our 2014 projection for the world's energy future.
This year's outlook reveals that global energy demand continues to grow but that growth is slowing and will mainly be driven by emerging economies - led by China and India.
Shares of the major fossil fuels are converging, with oil, natural gas and coal each expected to make up around 27 per cent of the total mix by 2035 and the remaining share coming from nuclear, hydroelectricity and renewables.
Watch the video to see what else 2035 could bring for the energy industry. To find out more about the BP Energy Outlook 2035, visit http://www.bp.com/energyoutlook
BP's annual energy forecast. This is the first year they've stretched the timeline--from 2030 to 2035. According to BP forecasters, global energy demand will rise 41% from now until 2035 with 95% of that growth coming from "emerging economies." Also, gas as a source of energy is growing fastest for fossil fuels and by 2035 is expected to be at parity with coal--each providing about 27% of power needs in 2035. BP says shale gas will make up 68% of U.S. gas production by 2035.
The 65th edition of the BP Statistical Review of World Energy sets out energy data for 2015, revealing a year in which significant long-term trends in both the global demand and supply of energy came to the fore with global energy consumption slowing further and the mix of energy sources shifting towards lower-carbon fuels.
The BP Energy Outlook outlines the “most likely” path for the global energy landscape - supply and demand - over the next 20 years. Read the full report here
The Executive Summary of the International Energy Agency's (IEA) new edition of the Medium-Term Gas Market Report (MTGMR), for 2013. The new report predicts natural gas' piece of the worldwide energy picture will grow 2.4% from now until 2018. Growth in the U.S. continues rapidly. The report also says natural gas use in the transportation sector is about to rapidly increase around the world, thanks to U.S. shale gas.
The annual Energy Outlook reflects our best effort to describe a “most likely” trajectory of the global energy system, based on our views of likely economic and population growth, as well as developments in policy and technology
This 2015 edition updates our view of the likely path of global energy markets to 2035. We make assumptions on changes in policy, technology and the economy, based on extensive internal and external consultations, using a range of analytical tools to build a single “most likely” view.
The Outlook highlights the continuous change in the energy system – the changing fuel mix, the changing patterns of trade – as it adapts to meet the world’s growing energy needs. It also highlights the challenge of delivering energy supplies which are sustainable, secure and affordable. The Outlook emphasizes the role of competition and market forces in driving technology and innovation to help us meet that challenge.
Statistical Review of World Energy 2021 Full report - BPAbdelmounimTOUILEB
The COVID-19 pandemic had a dramatic impact
on energy markets, with both primary energy
and carbon emissions falling at their fastest rates
since the Second World War. Nevertheless,
renewable energy continued to grow, with solar
power recording its largest ever increase.
A PowerPoint presentation used by the International Energy Agency during a public event to unveil a new annual report published by the IEA called the World Energy Investment Report.
Exxon Mobile analytical view on our world of energy. Best to see this with the eyes understanding this may be, if we are not able to change our ways and "the way it works" - in our energy sector and economies.
Impacts and implications_of_covid-19_for_the_energy_industrySaidh KESSACI
Impacts of COVID-19 on electric and natural gas utilities in early April. The report reflects a review of many sources of information, with public health, economic, and industry data changing considerably day by day. The goal is to make a broad overview of energy industry implications available in one document.
World Energy Outlook Factsheet 2014 from the IEAChris Gray
The 2015 World Energy Outlook is due to be released on the 10th November. In these times of uncertainty and policy changes the annual comparisons should be an interesting read.
New IEA report sees global energy-related CO2 emissions rising by 1.5 billion tonnes in 2021, driven by a strong rebound in demand for coal in electricity generation
This is the booklet that accompanies BP's Energy Outlook 2030 presentation.
We hope that sharing this outlook contributes to the wider debate on global energy issues. It identifies long-term energy trends, building on our Statistical Review of World Energy, and then develops projections for world energy markets to 2030, taking account of the potential evolution of the world economy, policy, and technology.
The outlook reflects a ‘to the best of our knowledge’ assessment of the world’s likely path from today’s vantage point, drawing on expertise both within and outside the company. It is not a statement about how we would like the market to evolve.
The outlook highlights the growing role of developing economies in global energy consumption, and the increasing share of non-fossil fuels in global energy supply. It emphasizes the importance of both improving energy efficiency and expanding energy supplies to meet the energy needs of billions of people who aspire to better lifestyles, and doing so in a way that is sustainable and secure. This year’s edition has a special focus on the role of shale gas and tight oil in supporting the growth of gas and oil supply. It also notes the uncertainties attached to any long term projection. The discipline of building a numerical projection sharpens our thinking, but the precise numbers are less important than the underlying story of the challenges we all face and the choices we make in producing and consuming energy.
For more information and to download summary tables in Excel format, please visit: http://bit.ly/BPEO2013
The Outlook reveals that global energy consumption is expected to rise by 41 per cent from 2012 to 2035 - compared to 52 per cent over the last twenty years and 30 per cent over the last ten. Ninety five per cent of the growth in demand is expected to come from the emerging economies, while energy use in the advanced economies of North America, Europe and Asia as a group is expected to grow only very slowly – and begin to decline in the later years of the forecast period.
The 65th edition of the BP Statistical Review of World Energy sets out energy data for 2015, revealing a year in which significant long-term trends in both the global demand and supply of energy came to the fore with global energy consumption slowing further and the mix of energy sources shifting towards lower-carbon fuels.
The BP Energy Outlook outlines the “most likely” path for the global energy landscape - supply and demand - over the next 20 years. Read the full report here
The Executive Summary of the International Energy Agency's (IEA) new edition of the Medium-Term Gas Market Report (MTGMR), for 2013. The new report predicts natural gas' piece of the worldwide energy picture will grow 2.4% from now until 2018. Growth in the U.S. continues rapidly. The report also says natural gas use in the transportation sector is about to rapidly increase around the world, thanks to U.S. shale gas.
The annual Energy Outlook reflects our best effort to describe a “most likely” trajectory of the global energy system, based on our views of likely economic and population growth, as well as developments in policy and technology
This 2015 edition updates our view of the likely path of global energy markets to 2035. We make assumptions on changes in policy, technology and the economy, based on extensive internal and external consultations, using a range of analytical tools to build a single “most likely” view.
The Outlook highlights the continuous change in the energy system – the changing fuel mix, the changing patterns of trade – as it adapts to meet the world’s growing energy needs. It also highlights the challenge of delivering energy supplies which are sustainable, secure and affordable. The Outlook emphasizes the role of competition and market forces in driving technology and innovation to help us meet that challenge.
Statistical Review of World Energy 2021 Full report - BPAbdelmounimTOUILEB
The COVID-19 pandemic had a dramatic impact
on energy markets, with both primary energy
and carbon emissions falling at their fastest rates
since the Second World War. Nevertheless,
renewable energy continued to grow, with solar
power recording its largest ever increase.
A PowerPoint presentation used by the International Energy Agency during a public event to unveil a new annual report published by the IEA called the World Energy Investment Report.
Exxon Mobile analytical view on our world of energy. Best to see this with the eyes understanding this may be, if we are not able to change our ways and "the way it works" - in our energy sector and economies.
Impacts and implications_of_covid-19_for_the_energy_industrySaidh KESSACI
Impacts of COVID-19 on electric and natural gas utilities in early April. The report reflects a review of many sources of information, with public health, economic, and industry data changing considerably day by day. The goal is to make a broad overview of energy industry implications available in one document.
World Energy Outlook Factsheet 2014 from the IEAChris Gray
The 2015 World Energy Outlook is due to be released on the 10th November. In these times of uncertainty and policy changes the annual comparisons should be an interesting read.
New IEA report sees global energy-related CO2 emissions rising by 1.5 billion tonnes in 2021, driven by a strong rebound in demand for coal in electricity generation
This is the booklet that accompanies BP's Energy Outlook 2030 presentation.
We hope that sharing this outlook contributes to the wider debate on global energy issues. It identifies long-term energy trends, building on our Statistical Review of World Energy, and then develops projections for world energy markets to 2030, taking account of the potential evolution of the world economy, policy, and technology.
The outlook reflects a ‘to the best of our knowledge’ assessment of the world’s likely path from today’s vantage point, drawing on expertise both within and outside the company. It is not a statement about how we would like the market to evolve.
The outlook highlights the growing role of developing economies in global energy consumption, and the increasing share of non-fossil fuels in global energy supply. It emphasizes the importance of both improving energy efficiency and expanding energy supplies to meet the energy needs of billions of people who aspire to better lifestyles, and doing so in a way that is sustainable and secure. This year’s edition has a special focus on the role of shale gas and tight oil in supporting the growth of gas and oil supply. It also notes the uncertainties attached to any long term projection. The discipline of building a numerical projection sharpens our thinking, but the precise numbers are less important than the underlying story of the challenges we all face and the choices we make in producing and consuming energy.
For more information and to download summary tables in Excel format, please visit: http://bit.ly/BPEO2013
The Outlook reveals that global energy consumption is expected to rise by 41 per cent from 2012 to 2035 - compared to 52 per cent over the last twenty years and 30 per cent over the last ten. Ninety five per cent of the growth in demand is expected to come from the emerging economies, while energy use in the advanced economies of North America, Europe and Asia as a group is expected to grow only very slowly – and begin to decline in the later years of the forecast period.
Annual report from BP looking at their best guesses about where energy, of all kinds, is heading from now until 2035. In this year's report, BP predicts (1) By 2035, across the entire world, 80% of all energy will come from fossil fuels. (2) Natural gas is the largest-growing fossil fuel and by 2035 it will have replaced coal as the #2 source of energy in the world. (3) The U.S. will achieve overall energy self-sufficiency by 2021, and oil self-sufficiency by 2030.
Executive Summary for the IEA's annual World Energy Outlook, the 2016 edition. The Outlook predicts natural gas use will continue to rise, while coal will continue to fall. "We see clear winners for the next 25 years, natural gas, but especially wind and solar, replacing the champion of the previous 25 years, coal," said Fatih Birol, IEA's executive director.
Annual report issued by the International Energy Agency. This newest report examines the critical role of price for crude oil in "rebalancing" supply and demand. The authors note the process of rebalancing (getting to higher prices) is rarely a smooth adjustment. Indeed! In the central scenario of this year's report, a tightening oil balance leads to a price around $80 per barrel by 2020--just five short years away.
BP's annual report characterizing current and predicted future energy usage across the planet. BP looks at not only oil and gas, but renewables, nuclear, hydro and other sources as well. BP predicts natgas consumption will continue to grow.
Quarterly legislative action update: Marcellus and Utica shale region (4Q16)Marcellus Drilling News
A quarterly update from the legal beagles at global law firm Norton Rose Fulbright. A quarterly legislative action update for the second quarter of 2016 looking at previously laws acted upon, and new laws introduced, affecting the oil and gas industry in Pennsylvania, Ohio and West Virginia.
An update from Spectra Energy on their proposed $3 billion project to connect four existing pipeline systems to flow more Marcellus/Utica gas to New England. In short, Spectra has put the project on pause until mid-2017 while it attempts to get new customers signed.
A letter from Rover Pipeline to the Federal Energy Regulatory Commission requesting the agency issue the final certificate that will allow Rover to begin tree-clearing and construction of the 511-mile pipeline through Pennsylvania, West Virginia, Ohio and Michigan. If the certificate is delayed beyond the end of 2016, it will delay the project an extra year due to tree-clearing restrictions (to accommodate federally-protected bats).
DOE Order Granting Elba Island LNG Right to Export to Non-FTA CountriesMarcellus Drilling News
An order issued by the U.S. Dept. of Energy that allows the Elba Island LNG export facility to export LNG to countries with no free trade agreement with the U.S. Countries like Japan and India have no FTA with our country (i.e. friendly countries)--so this is good news indeed. Although the facility would have operated by sending LNG to FTA countries, this order opens the market much wider.
A study released in December 2016 by the London School of Economics, titled "On the Comparative Advantage of U.S. Manufacturing: Evidence from the Shale Gas Revolution." While America has enough shale gas to export plenty of it, exporting it is not as economic as exporting oil due to the elaborate processes to liquefy and regassify natural gas--therefore a lot of the gas stays right here at home, making the U.S. one of (if not the) cheapest places on the planet to establish manufacturing plants, especially for manufacturers that use natural gas and NGLs (natural gas liquids). Therefore, manufacturing, especially in the petrochemical sector, is ramping back up in the U.S. For every two jobs created by fracking, another one job is created in the manufacturing sector.
Letter From 24 States Asking Trump & Congress to Withdraw the Unlawful Clean ...Marcellus Drilling News
A letter from the attorneys general from 24 of the states opposed to the Obama Clean Power Plan to President-Elect Trump, RINO Senate Majority Leader Mitch McConnel and RINO House Speaker Paul Ryan. The letter asks Trump to dump the CPP on Day One when he takes office, and asks Congress to adopt legislation to prevent the EPA from such an egregious overreach ever again.
Report: New U.S. Power Costs: by County, with Environmental ExternalitiesMarcellus Drilling News
Natural gas and wind are the lowest-cost technology options for new electricity generation across much of the U.S. when cost, public health impacts and environmental effects are considered. So says this new research paper released by The University of Texas at Austin. Researchers assessed multiple generation technologies including coal, natural gas, solar, wind and nuclear. Their findings are depicted in a series of maps illustrating the cost of each generation technology on a county-by-county basis throughout the U.S.
Annual report issued by the U.S. Energy Information Administration showing oil and natural gas proved reserves, in this case for 2015. These reports are issued almost a year after the period for which they report. This report shows proved reserves for natural gas dropped by 64.5 trillion cubic feet (Tcf), or 16.6%. U.S. crude oil and lease condensate proved reserves also decreased--from 39.9 billion barrels to 35.2 billion barrels (down 11.8%) in 2015. Proved reserves are calculated on a number of factors, including price.
The monthly tabulation and prediction from the U.S. Energy Information Administration on production and activity in the largest 7 U.S. shale plays. All 7 shale plays will experience a decrease in natural gas production from the previous month due to low commodity prices.
Velocys is the manufacturer of gas-to-liquids (GTL) plants that convert natural gas (a hyrdocarbon) into other hydrocarbons, like diesel fuel, gasoline, and even waxes. This PowerPoint presentation lays out the Velocys plan to get the company growing. GTL plants have not (so far) taken off in the U.S. Velocys hopes to change that. They specialize in small GTL plants.
PA DEP Revised Permit for Natural Gas Compression Stations, Processing Plants...Marcellus Drilling News
In January 2016, Gov. Wolf announced the DEP would revise its current general permit (GP-5) to update the permitting requirements for sources at natural gas compression, processing, and transmission facilities. This is the revised GP-5.
PA DEP Permit for Unconventional NatGas Well Site Operations and Remote Piggi...Marcellus Drilling News
In January 2016, PA Gov. Wolf announced the Dept. of Environmental Protection would develop a general permit for sources at new or modified unconventional well sites and remote pigging stations (GP-5A). This is the proposed permit.
Onerous new regulations for the Pennsylvania Marcellus Shale industry proposed by the state Dept. of Environmental Protection. The new regs will, according to the DEP, help PA reduce so-called fugitive methane emissions and some types of air pollution (VOCs). This is liberal Gov. Tom Wolf's way of addressing mythical man-made global warming.
The monthly Short-Term Energy Outlook (STEO) from the U.S. Energy Information Administration for December 2016. This issue makes a couple of key points re natural gas: (1) EIA predicts that natural gas production in the U.S. for 2016 will see a healthy decline over 2015 levels--1.3 billion cubic feet per day (Bcf/d) less in 2016. That's the first annual production decline since 2005! (2) The EIA predicts the average price for natural gas at the benchmark Henry Hub will climb from $2.49/Mcf (thousand cubic feet) in 2016 to a whopping $3.27/Mcf in 2017. Why the jump? Growing domestic natural gas consumption, along with higher pipeline exports to Mexico and liquefied natural gas exports.
A sort of "year in review" for the gas industry in the northeast. If you could boil it all down, the word that appears prominently throughout is "delay" with respect to important natgas pipeline projects. From the Constitution, which should have already been built by now, to smaller projects, delays were the prominent trend for 2016.
The Pennsylvania Public Utility Commission responded to each point raised in a draft copy of the PA Auditor General's audit of how Act 13 impact fee money, raised from Marcellus Shale drillers, gets spent by local municipalities. The PUC says it's not their job to monitor how the money gets spent, only in how much is raised and distributed.
Pennsylvania Public Utility Commission Act 13/Impact Fees Audit by PA Auditor...Marcellus Drilling News
A biased look at how 60% of impact fees raised from PA's shale drilling are spent, by the anti-drilling PA Auditor General. He chose to ignore an audit of 40% of the impact fees, which go to Harrisburg and disappear into the black hole of Harrisburg spending. The Auditor General claims, without basis in fact, that up to 24% of the funds are spent on items not allowed under the Act 13 law.
The final report from the Pennsylvania Dept. of Environmental Protection that finds, after several years of testing, no elevated levels of radiation from acid mine drainage coming from the Clyde Mine, flowing into Ten Mile Creek. Radical anti-drillers tried to smear the Marcellus industry with false claims of illegal wastewater dumping into the mine, with further claims of elevated radiation levels in the creek. After years of testing, the DEP found those allegations to be false.
FERC Order Denying Stay of Kinder Morgan's Broad Run Expansion ProjectMarcellus Drilling News
Several anti-drillers filed an appeal of the Federal Energy Regulatory Commission's Certificate for the Kinder Morgan Broad Run Expansion Project, asking for a stay claiming a removal of 40 acres of forest for a compressor station would irreparably harm Mom Earth. FERC has ruled against the stay and told the antis Mom Earth will be just fine.
‘वोटर्स विल मस्ट प्रीवेल’ (मतदाताओं को जीतना होगा) अभियान द्वारा जारी हेल्पलाइन नंबर, 4 जून को सुबह 7 बजे से दोपहर 12 बजे तक मतगणना प्रक्रिया में कहीं भी किसी भी तरह के उल्लंघन की रिपोर्ट करने के लिए खुला रहेगा।
03062024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
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हम आग्रह करते हैं कि जो भी सत्ता में आए, वह संविधान का पालन करे, उसकी रक्षा करे और उसे बनाए रखे।" प्रस्ताव में कुल तीन प्रमुख हस्तक्षेप और उनके तंत्र भी प्रस्तुत किए गए। पहला हस्तक्षेप स्वतंत्र मीडिया को प्रोत्साहित करके, वास्तविकता पर आधारित काउंटर नैरेटिव का निर्माण करके और सत्तारूढ़ सरकार द्वारा नियोजित मनोवैज्ञानिक हेरफेर की रणनीति का मुकाबला करके लोगों द्वारा निर्धारित कथा को बनाए रखना और उस पर कार्यकरना था।
role of women and girls in various terror groupssadiakorobi2
Women have three distinct types of involvement: direct involvement in terrorist acts; enabling of others to commit such acts; and facilitating the disengagement of others from violent or extremist groups.
01062024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
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31052024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
In a May 9, 2024 paper, Juri Opitz from the University of Zurich, along with Shira Wein and Nathan Schneider form Georgetown University, discussed the importance of linguistic expertise in natural language processing (NLP) in an era dominated by large language models (LLMs).
The authors explained that while machine translation (MT) previously relied heavily on linguists, the landscape has shifted. “Linguistics is no longer front and center in the way we build NLP systems,” they said. With the emergence of LLMs, which can generate fluent text without the need for specialized modules to handle grammar or semantic coherence, the need for linguistic expertise in NLP is being questioned.
1. WORLD ENERGY OUTLOOK 2012 FACTSHEET
How will global energy markets evolve to 2035?
Taking all new developments and policies into account, the world is still failing to put the
global energy system onto a more sustainable path. The New Policies Scenario, our central
scenario, shows that several fundamental trends persist: energy demand and CO2 emissions rise
ever higher; energy market dynamics are increasingly determined by emerging economies;
fossil fuels remain the dominant energy sources; and providing universal energy access to the
world’s poor continues to be an elusive goal.
Energy demand and CO2 emissions rise ever higher in the New Policies Scenario. Global energy
demand increases by over one‐third in the period to 2035. Energy‐related CO2 emissions rise
from an estimated 31.2 Gt in 2011 to 37.0 Gt in 2035, pointing to a long‐term average
temperature increase of 3.6 °C. A lower rate of global economic growth in the short term would
make only a marginal difference to longer‐term energy and climate trends.
Emerging economies drive global energy markets. The share of non‐OECD energy demand rises
from 55% in 2010 to 65% in 2035. China accounts for the largest share of the growth in global
energy use, with its demand rising 60% by 2035, followed by India (where demand more than
doubles) and the Middle East. OECD energy demand in 2035 is just 3% higher than in 2010, but
there are dramatic shifts in its energy mix as fuel substitution sees the collective share of oil and
coal drop by fifteen percentage points to 42%.
Fossil fuels remain the principal sources of energy worldwide, though renewables grow
rapidly. Demand for oil, gas and coal grows in absolute terms through 2035, but their combined
share of the global energy mix falls from 81% to 75% during that period. The unlocking of
unconventional resources portends a very bright future for natural gas, which nearly overtakes
coal in the primary energy supply mix by 2035. Nuclear power maintains a 12% share of
electricity generation, a downward revision from previous projections in light of additional
policy changes in several countries prompted by the accident at Fukushima Daiichi. Renewables
deployment is driven by incentives, falling costs, rising fossil fuel prices and, in some cases,
carbon pricing: their share of electricity generation grows from 20% in 2010 to 31% by 2035.
Subsidies to fossil fuels continue to distort energy markets and expanded considerably last
year despite international efforts at reform. Global fossil‐fuel consumption subsidies totalled
$523 billion in 2011, almost 30% higher than in 2010. The increase reflects higher international
energy prices and rising consumption of subsidised fuels. The subsidy bill would have been even
more expensive without reform efforts in several countries. Financial support to renewable
energy, by comparison, amounted to $88 billion in 2011.
An energy renaissance in the United States is redrawing the global energy map, with
implications for energy markets and trade. The United States, which currently imports around
20% of its total energy needs, becomes all but self‐sufficient in net terms by 2035 thanks to
rising production of oil, shale gas and bioenergy, and improved fuel efficiency in transport.
Falling US oil imports mean that North America becomes a net oil exporter by around 2030. This
accelerates the ongoing shift in the international oil trade towards Asian markets, putting
greater focus on the security of strategic routes that link them to the Middle East.
Large‐scale investment in energy‐supply infrastructure is required to replace existing supply
capacity and expand to meet growing energy needs. In the New Policies Scenario, cumulative
investment of $37 trillion is needed in the world’s energy supply system over 2012‐2035,
equivalent to 1.5% of global GDP on average during that period. Of the total, non‐OECD
countries require 61%. Oil and gas supply account for $19 trillion of the total; $17 trillion goes
to the power sector, including for generation, transmission and distribution.
2. WORLD ENERGY OUTLOOK 2012 FACTSHEET
What is the future for oil and gas?
Growth in oil consumption in emerging economies, particularly for transport in China, India
and the Middle East, more than outweighs reduced demand in the OECD, pushing global oil
use steadily higher. Global oil demand in the New Policies Scenario, our central scenario,
increases slowly to 2035, reaching 99.7 mb/d – up from 87.4 mb/d in 2011. China alone
accounts for 50% of the net increase worldwide. A steady decline in OECD regions is brought
about by efficiency gains, inter‐fuel substitution and saturation effects.
Trucks deliver a large share of oil demand growth. The transport sector already accounts for
well over half of global oil consumption, and this share increases as the number of passenger
cars doubles to 1.7 billion and demand for road freight rises quickly. The latter is responsible for
almost 40% of the increase in global oil demand: oil use for trucks – predominantly diesel –
increases much faster than that for passenger vehicles, in part because fuel‐economy standards
for trucks are much less widely adopted.
The United States is projected to become the largest global oil producer before 2020,
exceeding Saudi Arabia until the mid‐2020s. At the same time, new fuel‐efficiency measures in
transport begin to curb US oil demand. The result is a continued fall in US oil imports, to the
extent that North America becomes a net oil exporter around 2030. This accelerates the switch
in direction of international oil trade towards Asia, putting a focus on the security of the
strategic routes that bring Middle East oil to Asian markets. The United States, which currently
imports around 20% of its total energy needs, becomes all but self‐sufficient in net terms by
2035 – a dramatic reversal of the trend seen in most other energy‐importing countries.
Non‐OPEC oil output steps up over the current decade, but supply after 2020 depends
increasingly on OPEC. A surge in unconventional supplies, mainly from light tight oil in the
United States, and oil sands in Canada, natural gas liquids, and a jump in deepwater production
in Brazil, pushes non‐OPEC production up after 2015 to a plateau above 53 mb/d, from under
49 mb/d in 2011. This is maintained until the mid‐2020s, before falling back to 50 mb/d in 2035.
Output from OPEC countries rises, particularly after 2020, bringing the OPEC share in global
production from its current 42% up towards 50% by 2035. The net increase in global oil
production is driven entirely by unconventional oil, including a contribution from light tight oil
that exceeds 4 mb/d for much of the 2020s, and by natural gas liquids. Of the $15 trillion in
global upstream oil and gas investment that is required over the period to 2035, almost 30% is
in North America.
Natural gas is the only fossil fuel for which global demand grows in all three scenarios. In the
New Policies Scenario, world demand increases to almost 5 tcm in 2035 compared to 3.4 tcm
today. This is a result of rapid growth in developing countries, led by China, but some growth
also in the OECD – due in part to abundant supply in North America. Gas resources are ample to
meet this demand and estimates of their magnitude are growing.
Unconventional gas accounts for nearly half of the increase in global gas production to 2035,
with most of the increase coming from China the United States and Australia. But the
unconventional gas business is still in its formative years, with uncertainty in many countries
about the extent and quality of the resource base and concerns about the environmental
impact of production. Public confidence can be underpinned by robust regulatory frameworks
and exemplary industry performance. By bolstering and diversifying sources of supply,
tempering demand for imports (as in China) and fostering the emergence of new exporting
countries (as in the United States), unconventional gas can accelerate movement towards more
diversified trade flows, putting pressure on conventional gas suppliers and on traditional oil‐
linked pricing mechanisms for gas.
3. WORLD ENERGY OUTLOOK 2012 FACTSHEET
What are the main trends in the power generation sector?
Electricity demand will continue to grow: in the New Policies Scenario, our central scenario,
global demand for electricity grows over 70% to almost 32 000 TWh by 2035. The increase
comes overwhelmingly from non‐OECD countries; over half from China and India alone. Coal
remains the backbone of generation globally, particularly outside the OECD, but its share of the
mix is eroded from two‐fifths to one‐third. In the OECD, coal‐based generation declines and is
overtaken by gas and renewables by 2035. Generation from renewables globally grows to
almost three times its 2010 level by 2035; its share in the generation mix grows from 20% to
31%. Renewables growth in the OECD comes mainly from wind (47%), bioenergy (16%), solar PV
(15%) and hydro (11%). Hydro accounts for 42% of the increase in renewables in non‐OECD
countries, but wind (25%), bioenergy (16%), and solar PV (10%) also play an important role.
A total of 5 890 GW of capacity additions – more than the total installed capacity of the whole
world in 2011 – is required over the Outlook period. One‐third of this is to replace retiring
plants; the rest is to meet growing electricity demand. Renewables represent half the capacity
additions, at 3 000 GW over the period 2012‐35, followed by gas at 1 400 GW. The total power
sector requires investment over 2012‐35 of $16.9 trillion, almost half the total energy supply
infrastructure investment in this period. Two‐fifths of this investment is for electricity networks,
while the rest is for generation capacity. Of the investment in generation capacity, more than
60% is for renewables – principally wind (22%), hydro (16%), and solar PV (13%).
Electricity prices are set to increase by 15% in real terms on average by 2035, driven by higher
fuel prices, increased use of renewables and, in some regions, CO2 pricing. There are
significant regional differences: the highest prices persist in the European Union and Japan, well
above those in the United States and China. Household electricity bills increase by as much as
30% by 2035 in some regions, though incomes grow more quickly, resulting in a falling share of
expenditure over time going towards electricity bills. Where renewables subsidies are passed
on to consumers through electricity prices, the additional tariff component can be substantial:
by 2020, renewables subsidies add 15% to residential electricity prices in the European Union.
Primary energy demand for modern bioenergy – biofuels for transport and products derived
from biomass feedstocks and biogas to produce electricity and heat – more than double over
the Outlook period, fostered by government policy. Global bioenergy resources are more than
sufficient to meet projected demand without competing with food production, though this will
require sustainable management of land use. In 2035, modern bioenergy demand is largest in
the European Union, where industrial and residential heat account for nearly half of the
demand, followed by the United States and Brazil, where the increase is mainly driven by
transport. As policy goals exceed some regions’ production capacity (particularly the European
Union, Japan and India), international trade of solid biomass for power generation and biofuels
for transport increases about six fold.
Energy subsidies are essential to the growth in renewable energy, especially in the power
sector, as many renewables are still more expensive than conventional sources. In 2011,
energy subsidies reached $88 billion, an increase of 24% compared to 2010, mainly due to the
extraordinary expansion of solar PV in the European Union, particularly in Germany and Italy.
The rapid growth of renewables means that subsidies rise to nearly $240 billion in 2035 (about
$180 billion for electricity and the remainder for biofuels), although some technologies reach a
degree of competitiveness by the end of the Outlook period, such as onshore wind in the
European Union and in China. Subsidies to renewable‐based electricity amount to a total of
$3.5 trillion over 2012‐2035, of which over one quarter is already locked in by commitments to
existing capacity and about 70% is set to be locked in by 2020.
4. WORLD ENERGY OUTLOOK 2012 FACTSHEET
Energy efficiency: six steps toward a hat‐trick of energy goals
Energy efficiency can improve energy security, spur economic growth and mitigate pollution,
but current and planned efforts fall well short of tapping its full economic potential. A number
of major energy‐consuming countries (China, United States, the European Union and Japan)
have adopted new energy efficiency measures over the last year. Progress towards their
implementation is projected to contribute to a reduction in global energy intensity (energy
consumption per unit of GDP) of 1.8% a year through to 2035 in the New Policies Scenario, a
major improvement compared with only 0.5% per year over the last decade. Nonetheless, a
significant share of the economic potential of energy efficiency – four‐fifths in the buildings
sector and more than half in industry – remains untapped, mostly due to non‐technical barriers.
Our Efficient World Scenario offers a blueprint to realise the economically viable potential of
energy efficiency. We set out the policies that governments would need to enact to lower
market barriers, thereby minimising transaction costs and enabling the necessary energy
efficiency investments to move ahead. Those investments pay back well before the end of the
lifetime of the energy capital stock and result in a hat‐trick of goals in terms of economic gains,
energy security improvements and environmental protection.
The Efficient World Scenario sees a more efficient allocation of resources, boosting
cumulative global economic output through 2035 by $18 trillion. This is equivalent to the
current GDP of the United States, Canada, Mexico and Chile combined. GDP gains in 2035 are
greatest in India (3.0%), China (2.1%), the United States (1.7%) and OECD Europe (1.1%).
Additional investment of $11.8 trillion in efficient end‐use technologies is more than offset by a
$17.5 trillion reduction in fuel bills and a $5.9 trillion cut to supply‐side investment.
Growth in global primary energy demand is halved in the Efficient World Scenario, relative to
the New Policies Scenario, and energy intensity improves at 2.6 times the rate of the last
25 years. Oil demand peaks at 91 mb/d before 2020 and declines to 87 mb/d in 2035,
12.7 mb/d lower than in the New Policies Scenario. This is equal to the current production of
Russia and Norway combined. By 2035, coal demand is lower than today, and 1 350 million
tonnes of coal equivalent (Mtce) lower than in the New Policies Scenario. Natural gas demand is
680 bcm lower than in the New Policies in 2035, roughly equivalent to the demand of the
United States in 2010. As a result of lower demand, oil prices are $16/bbl lower in 2035 than in
the New Policies Scenario.
In the Efficient World Scenario, energy‐related CO2 emissions peak before 2020 and decline to
30.5 Gt in 2035, pointing to a long‐term average temperature increase of 3 °C. The rapid
deployment of energy‐efficient technologies can delay the complete “lock‐in” of CO2 emissions
permitted for a 2 °C trajectory – which is set to happen in 2017 in the New Policies Scenario –
until 2022, buying five extra years to reach a global climate agreement. In addition to energy
efficiency, however, low‐carbon technologies will be needed to achieve the 2 °C goal. In the
Efficient World Scenario, emissions of local pollutants are also cut sharply, bringing
environmental and health benefits to China and India in particular.
We propose six categories of policy action, which, if widely implemented, can turn the
Efficient World Scenario into reality. These categories include: increasing the visibility of
energy efficiency through strengthening its measurement and disclosing its gains; prioritising
efficiency by integrating it into the decision‐making process in government, industry and
society; increasing its affordability by creating appropriate business models and financing
instruments; making efficiency mainstream by incentivising the most efficient technology
options and discouraging the least efficient ones; making it real by implementing monitoring,
verification and enforcement activities; and making it realisable by increasing governance and
administrative capacity at all levels.
5. WORLD ENERGY OUTLOOK 2012 FACTSHEET
What is Iraq’s energy outlook?
Iraq’s energy sector holds the key to the country’s future prosperity and can make a major
contribution to the stability and security of global energy markets. Iraq is already the world’s
third‐largest oil exporter and has the resources and plans to increase rapidly its oil and natural
gas production as it recovers from three decades punctuated by conflict and instability. Success
in developing Iraq’s hydrocarbon potential and effective management of the resulting revenues
can fuel Iraq’s social and economic development. Failure will hinder Iraq’s recovery and put
global energy markets on course for troubled waters.
Iraq’s ambition to expand its oil and gas output need not be limited by the size of its
hydrocarbon resources or by the costs of producing them. Development of the sector will be
determined by the speed at which substantial impediments to investment are removed, clarity
on how Iraq plans to derive long‐term value from its hydrocarbon wealth, international market
conditions and Iraq’s success in consolidating political stability and developing its human
resource base. In our Central Scenario, an Iraq‐specific scenario that forms part of the New
Policies Scenario in WEO‐2012, its oil production more than doubles to 6.1 mb/d by 2020 and
reaches 8.3 mb/d in 2035. The largest increase in production comes from the super‐giant fields
in the south of Iraq, around Basrah. The increase in Iraqi oil production of more than 5 mb/d
over the period to 2035 makes Iraq by far the largest contributor to global supply growth
(accounting for 45% of the anticipated growth in global output), overtaking Russia in the 2030s
to become the world’s second‐largest oil exporter. The growth of Iraq’s production means that
it becomes a key supplier to fast‐growing Asian markets, mainly China.
Natural gas can play a much more important role in Iraq’s future, reducing the dominance of
oil in its energy mix. In the Central Scenario, Iraq’s production of natural gas grows to almost
90 bcm in 2035, with domestic demand exceeding 70 bcm. The move away from liquid fuel
towards gas for power generation frees up oil for export; without this transition Iraq would
forego around $530 billion in export revenues and domestic oil demand would be more than
1 mb/d higher in 2035. Gas exports start around 2020, providing a cost‐competitive source of
potential supply to neighbouring countries, European markets and Asia.
Catching up and keeping pace with rising demand for electricity is critical to Iraq’s national
development. We estimate that Iraq needs 70% more net power generation capacity to meet
current demand fully. In our Central Scenario, if planned new capacity is delivered on time, grid‐
based electricity will catch up with estimated peak demand around 2015. Over the period to
2035, Iraq needs to install around 70 gigawatts of generation capacity.
Iraq stands to gain almost $5 trillion in revenues from oil export over the period to 2035, an
annual average of $200 billion and an opportunity to transform the country’s future
prospects. In the Central Scenario, Iraq’s gross domestic product (GDP) in 2035 is five times
larger (in real terms) than today, its energy demand four times higher, and its GDP per capita
comparable with that of Brazil today.
Iraq will need cumulative energy investment of over $530 billion in the Central Scenario,
equivalent to just over 10% of the projected revenue from oil and gas exports. The annual
investment need is highest in the current decade, at more than $25 billion per year on
average — almost three times higher than estimated investment in 2011. Delay could be costly.
In our Delayed Case, energy investment increases only modestly, resulting in a much lower
trajectory for oil production (reaching 4 mb/d in 2020 and 5.3 mb/d in 2035). The impact on
Iraq’s economy is a cumulative loss of $3 trillion compared with the Central Scenario. The
reduced flow of oil from Iraq also tightens international oil markets, resulting in prices that are
nearly $15 higher in real terms than in the Central Scenario in 2035.
6. WORLD ENERGY OUTLOOK 2012 FACTSHEET
How will water impact future energy supply?
Energy is becoming a thirstier resource. Global freshwater use for energy production in 2010
totalled 583 billion cubic metres (bcm), or some 15% of the world’s total water use. Of that,
water consumption – the amount used but not returned to its source – was 66 bcm. In the
New Policies Scenario, water use increases by 20% over 2010‐2035, while consumption rises by
a more dramatic 85% (more than double the rate of energy demand growth). These trends are
underpinned by a shift towards higher efficiency power plants with more advanced cooling
systems (that reduce overall water use but increase consumption) and expanding biofuels
production. Energy efficiency, wind and solar PV contribute to a low‐carbon energy future
without intensifying water demands significantly.
Water is growing in importance as a criterion for assessing the physical, economic and
environmental viability of energy projects. Among other examples, water use could become
increasingly challenging for unconventional gas development and power generation in parts of
China and the United States, India’s fleet of water‐intensive coal‐fired plants, Canadian oil sands
production and maintaining reservoir pressures to support oil output in Iraq.
Many water‐related challenges that the energy sector faces can be managed with available
technology, but some solutions involve trade‐offs. Advanced cooling systems can significantly
reduce water use and impacts on water resources for fossil fuel‐based and nuclear power plants
– the largest users of water in the energy sector – although this can entail additional costs and
reduce plant efficiency. Biofuels production can also be very water‐intensive. Its water use can
be optimised by selecting water‐efficient biomass (such as switchgrass or crop waste products)
and irrigation technologies, as well as locations that receive ample rainfall for biomass growth.
A continuing focus on the goal of universal modern energy access
Despite progress, nearly 1.3 billion people remain without access to electricity and 2.6 billion
do not have access to clean cooking facilities. Ten countries – four in Asia and six in Africa –
account for two‐thirds of those people without electricity and just three countries – India, China
and Bangladesh – account for more than half of those without clean cooking facilities.
In the absence of further action, we project that nearly one billion people will be without
electricity and 2.6 billion people will still be without clean cooking facilities in 2030. In the
case of electricity, the number of people in developing Asia without access almost halves and
Latin America achieves universal access before 2030 but, in sub‐Saharan Africa, a worsening
trend persists until around 2025. For cooking, developing Asia sees a significant improvement,
but the number of people without access in India alone in 2030 is still twice the population of
the US today. In sub‐Saharan Africa, the picture worsens by around one‐quarter by 2030.
We estimate that nearly $1 trillion in cumulative investment is needed to achieve universal
energy access by 2030. This is equivalent to just 3% of total energy‐related infrastructure
investment. The UN Year of Sustainable Energy for All generated welcome new commitments
toward universal access, but more is required. Our Energy for All Case shows that universal
access would only increase global energy demand by 1% in 2030 and CO2 emissions by 0.6%.
We present an Energy Development Index (EDI) for 80 countries, to aid policy makers in
tracking progress towards providing modern energy access. It is a composite index that
measures energy development at the household and community level. It reveals a broad
improvement in recent years, with China, Thailand, El Salvador, Argentina, Uruguay, Vietnam
and Algeria showing the greatest progress. There are also a number of countries whose EDI
scores remain low; countries in sub‐Saharan Africa dominate the lower half of the rankings.