Governments offer little support to energy firms in advance of the g20 meeting in seoul, the international energy agency iea released its annual world energy outlook, a 738page analysis of the global energy market. It presents authoritative projections of energy trends through to 2035 and insights into what they mean for energy security, environmental sustainability and. Chiroleuassouline, m and m fodha 2014 from regressive pollution taxes to progressive environmental tax reforms. World energy outlook 2011 international energy forum ief. Downloads are a mix of pdf, excel, csv and powerpoint documents. The evolution of technology has the potential to significantly reduce costs and trigger a. When he did so there was one idea that the journalists in the audience latched on to that by 2020 the usa would become the world s largest oil producer. Energy outlook downloads and archive energy economics home. Rising demand for mobility and reliance on more difficult and costly sources of supply keep pressure on oil prices. The international energy agencys annual energy projections. Head of global energy and natural resources tax practice.
Outline asiaworld energy outlook 2012 major assumptions gdp, population, and energy prices projection results for world and asia primary energy demand, and co 2 emissions motorization, power generation mix, and renewables energy outlook in china and india best energy mix in asia and middle east energy outlook through 2050. The value of the outlook is not in trying to predict the future. The world energy outlook series is a leading source of strategic insight on the future of energy and energy related emissions, providing detailed scenarios that map out the consequences of different energy policy and investment choices. Bp world energy outlook 2035 february, 2016 technological. It represents the leading source for medium to longterm energy market projections, extensive statistics, analysis and advice for both governments and the energy business. In all the scenarios considered, world gdp more than doubles by 2040 driven by increasing prosperity in fastgrowing developing economies. The efficient world scenario delays carbon lockin energy efficiency can delay lockin of o. Increased focus on the effects of climate change is driving the adoption of environmentally friendly energy sources, while instituting policies aimed at reducing carbon emissions from the burning of traditional fuels. That whole suddenly americas like the biggest oil producer that was me, people. The engine of energy demand growth moves to south asia primary energy demand, 2035 mtoe china is the main driver of increasing energy demand in the current decade, but india takes over in the 2020s as the principal source of growth 4% 65% 10% 8% 8% 5% oecd nonoecd asia middle east africa latin america eurasia share of global growth 2012 2035 480. For more information on oil, see international energy outlook 2004. The nems residential demand module projects future residential sector energy requirements based on projections of the number of households and the stock, efficiency, and intensity of energyconsuming equipment. Share of energy sources in world primary demand by scenario.
The polish government forecasts that primary energy consumption in poland will grow between 2010 and. Biggest tax reform since independence infrastructure development usd 60. Energy outlook downloads and archive energy economics bp. How and why governments subsidize energy because tax policy is one way governments subsidize or punish energy production and consumption, here we consider how u. Extend tax credits for energyefficient equipment to 2025 source. The annual energy outlook 2012 aeo2012, prepared by the u. Fatih birol, chief economist of the international energy agency iea designed and directed the study which was prepared by the ieas directorate of global energy economics of the international energy agency and other offices of the agency. Oil, coal, natural gas, renewables and nuclear power are all covered. Although the consumption of oil has increased by 31% between 1980 and 2008, the known reserves have increased. Iea, world energy outlook 2012, ren 21 renewables 20 global futures report 2. World energy outlook 2012 industry and government decision makers and others with a stake in the energy sector all need weo 2012. External projections taken from the iea world energy outlook anticipate global gasoline demand to remain at about 1 120 bln l over the projection period, while diesel demand is expected to decrease about 8%, from 762 bln l to 703 bln l. The world energy outlook series is a leading source of strategic. 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.
The world energy outlook series is a leading source of strategic insight on the future of energy and energy related emissions, providing detailed scenarios that map out the consequences of different energy policy and investment choices this years edition updates the outlooks for all fuels, technologies and regions, based on the latest market data, policy initiatives and cost trends. Energy information administration assumptions to the annual energy outlook 2012 27. Energy information administration eia, presents longterm projections of energy supply, demand, and prices through 2035, based on results from eias national energy modeling system nems. The world energy council has been developing and using world energy scenarios for over a decade to support its global member network of energy leaders, to clarify complexity, and to realise new opportunities for successfully managing global energy transition. China alone now uses as much coal as the rest of the world. Recent energy price and tax information for the major markets of the world. In its 2012 edition of the world energy outlook, the international energy agency iea constructed the efficient world scenario iea, 2012 to assess how implementing only economically viable energy efficiency measures would affect energy markets, energy prices, investment and emissions.
Signs of increasing policy focus on energy efficiency alltime high oil prices acting as brake on global economy divergence in natural gas prices affecting europe with prices 5times us levels and asia 8times symptoms of an unsustainable energy system persist. World renewable energy forum session 0530 may 14, 2012 1. There is no question that renewable energy projects need finance to develop and commercialize. Aug 15, 2012 a, fossil energy comprises roughly 86% of the world s main energy consumption. Introduction global energy demand has been expanding rapidly.
Energyrelated co 2 emissions by region china overtakes the us as the worlds biggest emitter before 2010, though its per capita emissions reach just 60% of those of the oecd in 2030 0 3 6 9 12 15 1990 2000 2010 2020 2030 gigatonnes of co 2 united states china rest of nonoecd rest of oecd. Its 2012 edition is a recap of extreme spending wishlists and wantits in global energy, at least the way the iea sees world energy. The world bank is working with india on sweeping energy efficiency measures across residential and industrial sectors that aim to avoid lifetime ghg emissions of 170 million tons of co2 and contribute to avoiding an estimated 10 gw of additional generation capacity. The gold standard of longterm energy analysis purchase. An analysis of world energy outlook 2012 resilience. The annual world energy outlook is the international energy agencys flagship publication, widely recognised as the most authoritative source for global energy projections and analysis. Oecd 2012, environmental outlook to 2050, oecd publishing forthcoming. Energy outlook 2017 the evolving energy landscape in india opportunities for investments 06.
World energy outlook 2012 1 world energy outlook 2012 doi. Kmg international provides no client services and is a swiss entity with which the independent member firms of the kmg network are affiliated. Energy statistics of oecd countries publication 2019 world energy outlook publication 2019 key world energy statistics publication 2019 nuclear energy data publication 2020. World energy outlook 2009 presentation to the press london, 10 november. Effect on employment of a 1% increase in energy tax. Eia published an early release version of the aeo2012 reference case in january 2012. This years energy outlook provides fresh insight into these trends and many more. World energy outlook 2018 gold standard of longterm energy analysis. Energy information administration annual energy outlook 2012 iii updated annual energy outlook 2012 reference case june 2012 the annual energy outlook 2012 aeo2012 reference case included as part of this complete report, released in june 2012, was updated from the reference case released as part of the aeo2012 early release overview in january 2012. Oecd green growth and sustainable development forum. The economic outlook is positive, and real gdp growth is projected to stabilize at 7. Any such attempt is doomed to fail the uncertainty surrounding the energy transition is here to stay.
Still, the share of wind power in global energy supply is negligible. The world energy outlook 1998, based on a new world energy model, considers energy. Global energy related ghg emissions in the bridge scenario, fossil fuel subsidy reform could save about 480mt co2 eq 10% of total in 2030, relative to the indc scenario. Capacity doublings from 2012 excludes costs of grid integration. Industry and government decisionmakers and others with a stake in the energy sector all need weo 2012. The efficient world scenario delays carbon lockin energy efficiency can delay lockin of co2 emissions permitted under. The usa would even produce more oil than saudi arabia. Oil, coal, natural gas, renewables and nuclear power are all covered, together with an update on climate change issues. In 2012 it was announced that a key deliverable of the millennium development goals halv. Opportunities and challenges for a sustainable energy future. Figures in the ieas world energy outlook 2011 report estimate the potential for ccs to contribute 22% of. World energy outlook market report series world energy investment special reports country reports policy pathways technology roadmaps energy technology perspectives.
Industry and government decision makers and others with a stake in the energy sector all need weo 2012. Rather the value of the energy outlook is in providing a structure and discipline. Anyone looking for respite on the oil price front will find nothing of solace in the latest edition of the ieas world energy outlook. A nationwide diesel fuel blend standard, mandating 5% biodiesel, has been in place since 2011, but on a voluntary basis.
Bp 2012 as the fuel mix gradually shifts away from oil and coal. World energy outlook 2009 international energy forum ief. World energy outlook 2012 factsheet what is the future for oil and gas. It represents the leading source citation needed for medium to longterm energy market projections, extensive statistics, analysis and advice for both governments and the energy business. Explore our 2020 oil and gas industry outlook to help your energy business get ahead of upcoming challenges. Fossil fuels account for 77% of the increase in world primary energy demand in 20072030. Recent energy price and tax information for the major markets of the world purchase. October 2012 russia plans zero extraction tax for a greater range of shale oil reserves january 20.
State and trends of the carbon market 2012 english abstract. Comparison of fossilfuel subsidy and support estimates. Global forum on transparency and exchange of information for tax purposes. Extend tax credits for energy efficient equipment to 2025 source. Welcome to the kpmg knowledge base of research that demonstrates our understanding of complex business challenges faced by companies around the world. The annual world energy outlook is the international energy agencys flagship publication, widely recognised as the most authoritative source for global energy projections and analysis citation needed. It presents authoritative projections of energy trends through to 2035 and insights into what they mean for energy security, environmental sustainability and economic development. Oecd ilibrary is the online library of the organisation for economic cooperation and development oecd featuring its books, papers and statistics and is the gateway to oecds analysis and data. On 12 november the ieas world energy outlook report for 2012 weo 2012 was presented by the chief economist of that organisation, dr fatih birol. In the buildings sector, tax credits for the purchase of energyefficient. An assessment of japanese carbon tax reform using the e3mg.
World primary energy consumption is projected to grow by 1. State and trends of the carbon market 2012 english world bank. The international energy outlook 2010 ieo2010 presents an assessment by the u. Southeast asia energy outlook 2019 world energy outlook special report. The annual energy outlook 2012 is available on the eia website at. Tn2089 annual energy outlook 2012 with projections to. Natural gas demand rises to over 600 billion cubic metres bcm by 2040, making china the secondlargest market globally behind the united states and the largest source of global gas demand growth. Please note that this pdf is subject to specific restrictions. Jj1264 wec resources coal 0610 js world energy council. Energy information administration s eia annual energy outlook 2020 aeo2020 reference case, u. World energy outlook 2012 analysis and key findings. This paper analyses the potential economic and environmental effects of carbon taxation in japan using the e3mg model, a global macroeconometric model constructed by the university of cambridge and cambridge econometrics.
The oecd and iea are actively supporting the transition to a greener model of growth. Energy efficiency the international energy agency iea has published world energy outlook 2012 weo 2012, which analyzes expected trends in energy consumption, trade, and investment through 2035. Moreover, the recent world energy outlook published by the international energy agency iea projects that less than two percent of the globes energy supply will be met by wind power by 2030 iea, 2008. Energy information administration eia of the outlook for international energy markets through 2035. A read is counted each time someone views a publication summary such as the title, abstract, and list of authors, clicks on a figure, or views or downloads the fulltext. World indicators database iea world energy statistics and balances. Download the latest edition of the bp energy outlook, supporting resources or our country and regional insight factsheets.
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