World Energy Outlook Reaction Paper

Reaction Paper on man vigor scout The World postcode sentry is an annual publication of the International Energy Agency. It is widely recognize as the most authoritative life force parentage for world-wide zippo projections and analysis. The annual publication contains long-term postcode foodstuff projections, extensive statistics, analysis and advice for both governments and the energy business. The World Energy expected value has also developed alternative scenario that puts the spherical energy systems on a trajectory to stabilize greenhouse tout emissions. Their latest publication was the World Energy Outlook 2012 that was released last November 2012.Here is what I have learned from the executive summary. There is a new spherical energy landscape that is emerging. fetching whole new developments and policies into hand, our world is still failing to put the orbiculate energy system onto a to a greater extent sustainable path. Global energy require grows by mor e than third base over the period of 2035 with China, India and place East accounting for 60% of the increase. Energy demand barely rises in the OECD (Organization for Economic Co-operation and Development) countries, but there is a big movement aside from anele, combust and nuclear towards natural gases and renewable energies.I have learned that contempt the emersion in low-carbon blood lines of energy, fossil force outs remain dominant in the global energy mix, supported by subsidies that amounted to $523 billion in 2011, up just about 30% on 2010 and six times more than subsidies to renewable. The cost of fossil-fuel subsides has been dictated up by high oil prices. Energy developments in the unite States are profound and their effect will be felt by other(a) nations as well. It is projected that around 2020, the United States will be the largest global oil producer and starts to see the impact of new fuel-efficiency measures in transport.This would enable a switch in direction of international oil trade towards Asia. In the publication, it is said that energy efficiency is widely recognized as a key option in the hands of polity makers but current efforts fall well short of tapping its full sparing potential. It was also mentioned as well that the tackling the barriers to energy efficiency investment skunk unleash the potential and realize huge gains for energy security, frugal growth and the environment. Successful action to this would have a major impact on the global energy and climate trends. Ive found out in the report that natural as is the only fossil fuel for which global demand grows in all scenarios, showing that it fares well under several(predicate) constitution conditions. Also, ember has met nearly half of the rise in global energy demand over the last decade, growing faster level than total renewable. Whether coal demand carries on rising strongly or changes path will depend on the strength of policy measures that resp ect lower-emissions energy sources. Thus, the sensitivity of the changes in policy, the development of alternative fuels and the timely approachability of infrastructure create much uncertainty for international steam coal markets and prices. It was also mentioned in the publication report that the worlds demand for electricity grows twice as fast as its total energy consumption and the challenge to meet this demand is heightened by the investment needful to replace ageing male monarch sector infrastructure. Of the new extension might that is built to 2035, around one-third is needed to replace plants that are retired. one-half of all new capacity is based on renewable sources of energy, although coal remains the leading global fuel for power generation.Average global electricity prices increase by 15% to 2035 in real terms, driven higher by increased fuel input costs, a shift to more capital-intensive generating capacity, subsidies to renewable energies and CO2 pricing in som e countries. A unbendable increase in hydropower and the rapid expansion of wind and solar power has paved the position of renewable energies as an inborn part of the global energy mix by 2035, renewable energies account for almost one-third of total electricity output. Solar grows more rapidly than any other renewable technology.Renewable energies become the worlds second-largest source of power generation by 2015 and, by 2035 they approach coal as the primary source of global electricity. Despite progress in the past year, nearly 1. 3 billion people globally remain without access to electricity. Further, water is essential to energy production which includes power generation extraction, transport and processing of oil, gas and coal and irrigation for crops used to produce bio-fuels. Also, water is growing in immenseness as a criterion for assessing the viability of energy projects, as existence and economic growth intensify competition for water resources.Thus, managing the en ergy sectors water vulnerabilities will require deployment of better technology and greater integration of energy and water policies. In summary, the outlook for global energy is non just a matter for energy companies, but it is an issue for all of us. The global outlook expects global CO2 emissions to continue as population and demand for energy grows rapidly. Powerful long run trends continue to cause the modern energy economy industrialization, urbanization and motorization.These trends are associated with change magnitude quantities of energy consumption, increasing efficiency of energy use in production and consumption, increasing diversification of sources of energy, and increasing demand for clean and convenient energy. Also, the global fuel mix continues to diversify and non-fossil fuels will work to be a major source of supply growth. The contribution of renewable energies will also tend to grow in the global fuel mix. With these in line, energy policy makers and energy development organizations must continue to work together and follow through regulations for the betterment of our environment for future generations. References 1. World Energy Outlook. Wikipedia. http//en. wikipedia. org/wiki/World_Energy_ Outlook. (Accessed February 2013). 2. World Energy Outlook 2012 Executive Summary. International Energy Agency. World Energy Outlook Publications. http//www. worldenergyoutlook. org/ publications/weo-2012/d. en. 26099. (Accessed February 2013). 3. BP Energy Outlook 2030. BP Statistical Review. http//www. bp. com/ liveassets/bp_internet/globalbp/globalbp_uk_english/reports_and_publications/sta tistical_energy_review_2011/STAGING/local_assets/pdf/2030_energy_outlook_boo klet. pdf. (Accessed February 2013). 3