The annual ''World Energy Outlook'' is the

International Energy Agency The International Energy Agency (IEA) is a Paris-based autonomous intergovernmental organisation, established in 1974, that provides policy recommendations, analysis and data on the entire global energy sector, with a recent focus on curbing car ...

's flagship publication, widely recognised as the most authoritative source for global

energy In physics, energy (from Ancient Greek: ἐνέργεια, ''enérgeia'', “activity”) is the quantitative property that is transferred to a body or to a physical system, recognizable in the performance of work and in the form of ...

projections and analysis. It represents the leading source for medium to long-term

energy market Energy markets are national and international regulated markets that deal specifically with the trade and supply of energy. Energy market may refer to an electricity market, but can also refer to other sources of energy. Typically energy developme ...

projections, extensive

statistics Statistics (from German: '' Statistik'', "description of a state, a country") is the discipline that concerns the collection, organization, analysis, interpretation, and presentation of data. In applying statistics to a scientific, indust ...

analysis Analysis ( : analyses) is the process of breaking a complex topic or substance into smaller parts in order to gain a better understanding of it. The technique has been applied in the study of mathematics and logic since before Aristotle (3 ...

and advice for both

government A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government i ...

s and the energy business. It is produced by the Office of the Chief Economist, presently under the direction of Dr. Fatih Birol. Using a Reference

Scenario In the performing arts, a scenario (, ; ; ) is a synoptical collage of an event or series of actions and events. In the ''commedia dell'arte'', it was an outline of entrances, exits, and action describing the plot of a play, and was literally pi ...

based on no change in current policies, it enables policy-makers to evaluate their current path. The WEO has also developed an alternative

scenario In the performing arts, a scenario (, ; ; ) is a synoptical collage of an event or series of actions and events. In the ''commedia dell'arte'', it was an outline of entrances, exits, and action describing the plot of a play, and was literally pi ...

that puts the global energy systems on a trajectory to stabilise

greenhouse gas emissions Greenhouse gas emissions from human activities strengthen the greenhouse effect, contributing to climate change. Most is carbon dioxide from burning fossil fuels: coal, oil, and natural gas. The largest emitters include coal in China and ...

in line with limiting the increase in temperature to 2°C.

''World Energy Outlook'' 2005 to 2011

In even-numbered years, WEO presents detailed projections of

energy demand World energy supply and consumption is global production and preparation of fuel, generation of electricity, energy transport, and energy consumption. It is a basic part of economic activity. It includes heat, but not energy from food. This art ...

, production,

trade Trade involves the transfer of goods and services from one person or entity to another, often in exchange for money. Economists refer to a system or network that allows trade as a market. An early form of trade, barter, saw the direct exc ...

and

investment Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing is ...

, fuel by fuel and region by region. The report also regularly puts a spotlight on topical issues: The 200

edition presents a detailed assessment of energy prospects throughout the Middle East and North Africa region and the implications of these for world

s; The 200

report presents a special focus on China and India and analyses the impact of rising

use in these countries on the international energy markets and energy-related

; The 200

edition focuses on two pressing issues such as prospects for

oil An oil is any nonpolar chemical substance that is composed primarily of hydrocarbons and is hydrophobic (does not mix with water) & lipophilic (mixes with other oils). Oils are usually flammable and surface active. Most oils are unsaturated ...

and gas production and the post-2012 climate scenarios; The 200

edition presents in-depth analysis of three special topics: Financing energy development, energy investment under a post-2012 climate framework; prospects for global

natural gas Natural gas (also called fossil gas or simply gas) is a naturally occurring mixture of gaseous hydrocarbons consisting primarily of methane in addition to various smaller amounts of other higher alkanes. Low levels of trace gases like carbon d ...

markets and energy trends in

Southeast Asia Southeast Asia, also spelled South East Asia and South-East Asia, and also known as Southeastern Asia, South-eastern Asia or SEA, is the geographical south-eastern region of Asia, consisting of the regions that are situated south of mainland ...

. The 2010 WEO edition, released on 9 November 2010, presented for the first time in its history a scenario that takes account of the recent commitments that

s have made to tackle

climate change In common usage, climate change describes global warming—the ongoing increase in global average temperature—and its effects on Earth's climate system. Climate change in a broader sense also includes previous long-term changes to ...

and worsening energy insecurity. It also puts the spotlight on several topical issues, including the outlook for

renewable energy Renewable energy is energy that is collected from renewable resources that are naturally replenished on a human timescale. It includes sources such as sunlight, wind, the movement of water, and geothermal heat. Although most renewable energy ...

technologies Technology is the application of knowledge to reach practical goals in a specifiable and reproducible way. The word ''technology'' may also mean the product of such an endeavor. The use of technology is widely prevalent in medicine, science, ...

and

unconventional oil Unconventional oil is petroleum produced or extracted using techniques other than the conventional method (oil well). Industry and governments across the globe are investing in unconventional oil sources due to the increasing scarcity of conventio ...

, the implications of climate policies, Caspian energy prospects,

energy poverty Energy poverty is lack of access to modern energy services. It refers to the situation of large numbers of people in developing countries and some people in developed countries whose well-being is negatively affected by very low consumption of e ...

and

energy subsidies Energy subsidies are measures that keep prices for customers below market levels, or for suppliers above market levels, or reduce costs for customers and suppliers. Energy subsidies may be direct cash transfers to suppliers, customers, or rel ...

. Th
2011 report
was issued on 9 November 2011. The executive summary noted that there were "few signs that the urgently needed change in direction in global energy trends is underway.
Richard G. Newell
associate professor of energy and

environmental economics Environmental economics is a sub-field of economics concerned with environmental issues. It has become a widely studied subject due to growing environmental concerns in the twenty-first century. Environmental economics "undertakes theoretical or ...

at Duke University notes: "Even as mature economies moderate oil demand through efficiency and biofuels, emerging economies' oil demand for transport grows by almost 50 percent. The bottom line is, like it or not, we should be prepared for price swings at the pump for some time to come."

''World Energy Outlook'' 2012

Fatih Birol, Chief Economist of the International Energy Agency (IEA) designed and directed the study which was prepared by the IEA's Directorate of Global Energy Economics of the International Energy Agency and other offices of the Agency. Based on the New Policies Scenario, the central model used by the

OECD The Organisation for Economic Co-operation and Development (OECD; french: Organisation de coopération et de développement économiques, ''OCDE'') is an intergovernmental organisation with 38 member countries, founded in 1961 to stimulate ...

, in Part A entitled ''Global energy demands'', on the emerging global energy landscape, over the period to 2035, global energy demand would increase by more one-third with China, India and the Middle East accounting for 60 percent of that increase. The WEO received numerous award

from

s and

energy industry The energy industry is the totality of all of the industries involved in the production and sale of energy, including fuel extraction, manufacturing, refining and distribution. Modern society consumes large amounts of fuel, and the energy indus ...

for its analytical excellence.

References

External links

* {{Official website, https://www.iea.org/topics/world-energy-outlook
The International Energy Agency

Articles on energy in the OECD Observer

Interview with Fatih Birol, IEA chief economist Energy policy Energy economics International Energy Agency

''World Energy Outlook'' 2005 to 2011

''World Energy Outlook'' 2012

See also

References

External links