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Preview of World Energy Outlook 2018

Source: 
Targeted News Service (Press Releases)

PARIS, France, June 4 -- The International Energy Agency issued the following news release:

The World Energy Outlook is the gold standard of long-term energy analysis. The 2018 edition provides updated analysis to show what the latest data, technology trends and policy announcements might mean for the energy sector to 2040. It also outlines an integrated way to meet multiple sustainable development goals: limiting the global temperature rise in line with the Paris Agreement, addressing air pollution, and ensuring universal access to energy.

These points of orientation allow for rigorous thinking about the future against a backdrop of cost reductions in key clean energy technologies, the continued vitality of shale in the United States, and the fast-changing dynamics of energy investment.

This year's Outlook includes a special focus on two critical areas:

Electricity: The future is electrifying, with low-carbon technologies on the rise and electricity demand set to grow at twice the pace of energy demand as a whole. But what will tomorrow's power sector look like? How will it incentivise investment and ensure reliable supply, and what share of our total energy needs can ultimately be met by electricity?

Producer economies: How are traditional oil and gas-exporting countries adapting to today's new price and policy environment, and what might be the implications for these economies of longer-term structural changes in demand?

The 2018 World Energy Outlook also examines how innovation can improve the environmental performance of different sources of oil and gas, and extends our ground-breaking Sustainable Development Scenario to include the linkages between energy and water.

Content Discussion

chris zygarlicke's picture
chris zygarlicke

""The future is electrifying, with low-carbon technologies on the rise and electricity demand set to grow at twice the pace of energy demand as a whole." 

This quote is interesting and I look forward to the release of the 2018 WEO assessment of US electricity demand. Has the slow yet consistent growth in the US economy started to impact our depressed electricity demand.

Bryan Leyland's picture
Bryan Leyland

It looks like bunkum to me. Wind and solar are uneconomic and intermittent. All they do is increase the price of electricity and increase the cost of operating fossil fuel and nuclear power stations. The statistics show that the more renewable energy, the higher the power price.

 There is no convincing evidence based on observational data that man-made carbon dioxide causes dangerous global warming. The whole thing is the biggest hoax in the history of the world.

If every country stuck to its Paris commitments until the end of the century, the IPCC's own climate models show that world temperatures would drop by 0.17° – which you can't even measure. But the cost would be something like 100 trillion.

 And now we have evidence that the Russians are putting money into the back pockets of the environmental organisations that oppose fossil fuel generation, fracking and nuclear power. For them, a very successful policy.

Helmut Frik's picture
Helmut Frik

Russia sells Oil, Gas, Coal, and nuclear reactors. And they put money in the pocets of all the populist right wing parties that support these products and fight renewable power.  Wind and Solar power are a big threat to the business moddels of the russian oligarchie. By the way, power from wind and are already cheaper than power from conventional sources - and buying for less money does nt cost extra money. 

That outdated industries first loose money before they are finally dying and leaving the market is a usual and natural process.