Dr Fatih Birol, Executive Director of the International Energy Agency (IEA), is presenting the IEA World Energy Outlook 2018 (WEO 2018) in Berlin today on the occasion of an event organised by the Federal Ministry for Economic Affairs and Energy in cooperation with the Federation of German Industries and the World Energy Council Germany.
, said: "The IEA World Energy Outlook illustrates that the is one of the most comprehensive transformation processes of our time – both at national and global level. Every single one of us is facing major challenges as a consequence. We need to shape the transformation of the energy system, which is necessary for climate-policy reasons, in an economical manner. We must ensure that remain affordable for consumers. The WEO also decribes how the electricity sector is undergoing the most comprehensive changes in its more than 100-year history. The drivers of this development are the reduction of the cost of renewable energy technologies, on the one hand, and the ongoing process to digitise the energy system, on the other. This also offers enormous technological opportunities."
The IEA report provides detailed information on development in the electricity sector. Electricity is becoming increasingly important in the fields of heat generation and mobility. Demand for electricity, and for energy in general, will continue to rise. In the coming decades, the Asian emerging economies' shares in global energy demand will grow perceptibly. In the long term, will play a key role, especially in the electricity sector. Demand for natural gas will also increase.
As regards climate policy, the IEA points out that energy-related carbon emissions rose again in 2017 and have been rising further in 2018. According to the IEA forecasts on its development going forward, taking account of the measures adopted by governments worldwide, emissions will continue to increase until 2040. In the IEA's view, the future development of the energy system depends primarily on governments as upcomig investments in the energy system will be largely controlled or influenced by state policies.
The IEA's World Energy Outlook, which is published annually, is widely regarded as the most important publication on the development of global energy supply. The scenarios developed in the WEO are used worldwide as standard for . The WEO 2018 was first published in London on Tuesday, 13 November.