On November 10, 2015,
the International Energy Agency (IEA) unveiled its annual World Energy Outlook
for the year 2015 during a press conference held in London. This follows the
release in June 2015 of the IEA Special
Report on Energy and Climate Change in support of the
highly anticipated United Nations Summit on Climate Change that will be held in
Paris, France, in December 2015.
The outlook provides an
analysis of the global energy market in 2015 and highlights the importance of
reducing global warming toward low-carbon energy and efficient energy policy
instruments.
The outlook observes
that the evolution of China and India’s energy consumption may significantly
influence energy security and the environment at a global level. It predicted
that “by 2030 [China will likely] overtake the United States as the biggest consumer
of oil.” As for India, “policies in place to accelerate the country’s
modernization and develop its manufacturing base . . ., [as well] population
and incomes on the rise and an additional 315 million people anticipated to
live in India’s cities by 2040.” Therefore, the outlook stresses that it is
important to be more vigilant than ever in terms of policy choices.
The outlook also
emphasizes on natural gas as being “a good fit for a gradually decarbonizing
energy system” despite the concerns surrounding methane emissions.
Written by Chloe Marie - Research Fellow
11/13/2015
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