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World Energy Outlook
The annual ''World Energy Outlook'' (''WEO'') is the International Energy Agency's (IEA) flagship publication on global energy projections and analysis.IEA (2022), World Energy Outlook 2022, IEA, Paris https://www.iea.org/reports/world-energy-outlook-2022, License: CC BY 4.0 (report); CC BY NC SA 4.0 (Annex A) It contains medium to long-term energy market projections, extensive statistics, analysis and advice for both governments and the energy business regarding energy security, environmental protection and economic development. The first WEO was published in 1977 and it has been an annual publication since 1998. The World Energy Outlook uses three scenarios to examine future energy trends. The Net Zero Emissions by 2050 Scenario is normative, in that it is designed to achieve specific outcomes – an emissions trajectory consistent with keeping the temperature rise in 2100 below 1.5 °C (with a 50% probability), universal access to modern energy services and major improv ...
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International Energy Agency
The International Energy Agency (IEA) is a Paris-based autonomous intergovernmental organization, established in 1974, that provides policy recommendations, analysis and data on the global energy sector. The 31 member countries and 13 association countries of the IEA represent 75% of global energy demand. The IEA was set up under the framework of the Organisation for Economic Co-operation and Development (OECD) in the aftermath of the 1973 oil crisis to respond to physical disruptions in global oil supplies, provide data and statistics about the global Petroleum industry, oil market and Energy industry, energy sector, promote energy savings and conservation, and establish international technical collaboration. Since its founding, the IEA has also coordinated use of the oil reserves that its members are required to hold. By regularly underestimating the role of renewable energies and overestimating the growth of nuclear energy, the IEA promotes the nuclear industry. In subsequen ...
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Energy Security
Energy security is the association between national security and the availability of natural resources for energy consumption (as opposed to household energy insecurity). Access to cheaper energy has become essential to the functioning of modern economies. However, the uneven distribution of energy supplies among countries has led to significant vulnerability, vulnerabilities. International energy relations have contributed to the globalization of the world leading to energy security and energy vulnerability at the same time. Renewable energy, Renewable resources and significant opportunities for Efficient energy use, energy efficiency and Energy transition, transitions exist over wide geographical areas, in contrast to other energy sources, which are concentrated in a limited number of countries. Rapid deployment of wind power and solar power and energy efficiency, and technological diversification of energy sources, would result in significant energy security. Threats The m ...
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Energy Policy
Energy policies are the government's strategies and decisions regarding the Energy production, production, Energy distribution, distribution, and World energy supply and consumption, consumption of energy within a specific jurisdiction. Energy is essential for the functioning of modern economies because they require energy for many sectors, such as industry, transport, agriculture, housing. The main components of energy policy include legislation, international treaties, Energy subsidy, energy subsidies and other public policy techniques. The energy sector emits more greenhouse gas worldwide than any other sector. Therefore, energy policies are closely related to climate policies. These decisions affect how high the greenhouse gas emissions by that country are. Purposes Access to energy is critical for basic social needs, such as lighting, heating, cooking, and healthcare. Given the importance of energy, the price of energy has a direct effect on jobs, economic productivi ...
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World Energy Supply And Consumption
World energy supply and consumption refers to the global supply of energy resources and its consumption. The system of global energy supply consists of the energy development, refinement, and trade of energy. Energy supplies may exist in various forms such as ''raw resources'' or ''more processed and refined'' forms of energy. The raw energy resources include for example coal, unprocessed oil and gas, uranium. In comparison, the refined forms of energy include for example refined oil that becomes fuel and electricity. Energy resources may be used in various different ways, depending on the specific resource (e.g. coal), and intended end use (industrial, residential, etc.). Energy production and consumption play a significant role in the global economy. It is needed in industry and global transportation. The total energy supply chain, from production to final consumption, involves many activities that cause a loss of useful energy. As of 2022, energy consumption is still ...
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OECD
The Organisation for Economic Co-operation and Development (OECD; , OCDE) is an international organization, intergovernmental organization with 38 member countries, founded in 1961 to stimulate economic progress and international trade, world trade. It is a forum (legal), forum whose member countries describe themselves as committed to democracy and the market economy, providing a platform to compare policy experiences, seek answers to common problems, identify good practices, and coordinate domestic and international policies of its members. The majority of OECD members are generally regarded as developed country, developed countries, with High-income economy, high-income economies, and a very high Human Development Index. their collective population is 1.38 billion people with an average life expectancy of 80 years and a median age of 40, against a global average of 30. , OECD Member countries collectively comprised 62.2% of list of countries by GDP (nominal), global nom ...
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Fatih Birol
Fatih Birol (born 22 March 1958) is a Turkish economist and energy expert, who has served as the executive director of the International Energy Agency (IEA) since 1 September 2015. During his time in charge of the IEA, he has taken a series of steps to modernise the Paris-based international organisation, including strengthening ties with emerging economies like India and China and stepping up work on the clean energy transition and international efforts to reach net zero emissions. Birol was on the ''Time'' 100 list of the world's most influential people in 2021, has been named by ''Forbes'' magazine among the most influential people on the world's energy scene and recognised by the ''Financial Times'' in 2017 as Energy Personality of the Year. Birol is the chairman of the World Economic Forum (Davos) Energy Advisory Board. He is a frequent contributor to print and electronic media and delivers numerous speeches each year at major international summits and conferences. Early l ...
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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 empirical studies of the economic effects of national or local environmental policies around the world. Particular issues include the costs and benefits of alternative environmental policies to deal with air pollution, water quality, toxic substances, solid waste, and global warming." Environmental Versus Ecological Economics Environmental economics is distinguished from ecological economics in that ecological economics emphasizes the economy as a subsystem of the ecosystem with its focus upon preserving natural capital. While environmental economics focuses on human preferences, by trying to balance protecting natural resources with people's needs for products and services. Due to these differences it can be seen that ecologi ...
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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 related bodies, as well as indirect support mechanisms, such as tax exemptions and rebates, price controls, trade restrictions, and limits on market access. During FY 2016–22, most US federal subsidies were for renewable energy producers (primarily biofuels, wind, and solar), low-income households, and energy-efficiency improvements. During FY 2016–22, nearly half (46%) of federal energy subsidies were associated with renewable energy, and 35% were associated with energy end uses. Federal support for renewable energy of all types more than doubled, from $7.4 billion in FY 2016 to $15.6 billion in FY 2022. The International Renewable Energy Agency tracked some $634 billion in energy-sector subsidies in 2020, and found that around 70% were ...
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Energy Poverty
In developing countries and some areas of more developed countries, energy poverty is lack of access to modern energy services in the home. In 2022, 759 million people lacked access to consistent electricity and 2.6 billion people used dangerous and inefficient cooking systems. Their well-being is negatively affected by very low consumption of energy, use of dirty or polluting fuels, and excessive time spent collecting fuel to meet basic needs. Predominant indices for measuring the complex nature of energy poverty include the Energy Development Index (EDI), the Multidimensional Energy Poverty Index (MEPI), and Energy Poverty Index (EPI). Both binary and multidimensional measures of energy poverty are required to establish indicators that simplify the process of measuring and tracking energy poverty globally. Energy poverty often exacerbates existing vulnerabilities amongst underprivileged communities and negatively impacts public and household health, education, and women's opportu ...
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Caspian Sea
The Caspian Sea is the world's largest inland body of water, described as the List of lakes by area, world's largest lake and usually referred to as a full-fledged sea. An endorheic basin, it lies between Europe and Asia: east of the Caucasus, west of the broad steppe of Central Asia, south of the fertile plains of Southern Russia in Eastern Europe, and north of the mountainous Iranian Plateau. It covers a surface area of (excluding the highly saline lagoon of Garabogazköl to its east), an area approximately equal to that of Japan, with a volume of . It has a salinity of approximately 1.2% (12 g/L), about a third of the salinity of average seawater. It is bounded by Kazakhstan to the northeast, Russia to the northwest, Azerbaijan to the southwest, Iran to the south, and Turkmenistan to the southeast. The name of the Caspian Sea is derived from the ancient Iranian peoples, Iranic Caspians, Caspi people. The sea stretches from north to south, with an average width of . Its gr ...
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Unconventional Oil
Unconventional (oil and gas) reservoirs, or unconventional resources (resource plays) are Petroleum geology, accumulations where oil and gas Phase (matter), phases are tightly bound to the rock fabric by strong capillary action, capillary forces, requiring specialized measures for evaluation and Petroleum extraction, extraction. Conventional reservoir Oil and gas are Petroleum#Transformation of kerogen into fossil fuels, generated naturally at depths of around 4 or 5 km below Earth’s Earth#Surface, surface. Being lighter than the water-Groundwater, saturated rocks below the water table, the oil and gas are driven by buoyancy up through aquifer pathways towards Earth's surface over time. Some of the oil and gas percolate all the way to the surface as natural Petroleum seep, seepages, either on land or on the sea floor. The rest remains trapped underground by Petroleum reservoir#seal rock, geological barriers in a variety of Petroleum reservoir#Geology#traps, trap geometries ...
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Technology
Technology is the application of Conceptual model, conceptual knowledge to achieve practical goals, especially in a reproducible way. The word ''technology'' can also mean the products resulting from such efforts, including both tangible tools such as Kitchen utensil, utensils or machines, and intangible ones such as software. Technology plays a critical role in science, engineering, and everyday life. Technological advancements have led to significant changes in society. The earliest known technology is the stone tool, used during prehistory, followed by the control of fire—which in turn contributed to the Brain size, growth of the human brain and the development of language during the Pleistocene, Ice Age, according to the cooking hypothesis. The invention of the wheel in the Bronze Age allowed greater travel and the creation of more complex machines. More recent technological inventions, including the printing press, telephone, and the Internet, have lowered barriers to ...
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