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AbstractAbstract
[en] The World Energy Outlook of the global energy markets from 1971 to 2020, recently released by the International Energy Agency, is summarised. Covering demand, supply and energy prices, it provides an in-depth review of oil, gas, coal, biomass and power generation. With projections for all energy sectors, it offers a valuable insight into the development of the international energy business. The projections cover all world regions, including industrial and developing countries, and provide a comprehensive view of the main developments and issues affecting demand and supply on a global basis. The Outlook's projections have been derived from a 'reference scenario' that assumes global economic growth of more than 3% per annum, but a slowdown in population growth. Fossil-fuel prices are generally assumed to remain flat throughout the first decade of the projection period (to 2020), with oil and gas prices increasing after 2010 in response to the supply-side pressures. The scenario takes account of a range of major new policies and measures adopted in OECD countries, many of which relate to commitments under the Kyoto Protocol enacted or announced up to mid-2000. Despite the policies and measures in the OECD countries, energy-related carbon dioxide emissions will increase, averaging 2.1% per annum to 2020. This amounts to 60% increase between 1997 and 2020. Fast-growing developing countries heavily contributing to increase in carbon dioxide, as they do in global energy demand
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Journal Article
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Australian Energy News; ISSN 1327-0745;
; (no.18); p. 21-23

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