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Page added on December 1, 2016
IEA World Energy Outlook 2016
The IEA has released the 2016 version of their annual world energy outlook report – World Energy Outlook 2016.
The report has prompted a spate of articles about “peak oil demand” (with earlier reports from the Economist and WSJ being joined this week by Forbes, Bloomberg and The FT).
Other than speculation about when demand-driven peak oil production will occur, attention concentrated on:
1. Chinese coal use peaking in 2013 – China’s coal use likely peaked in 2013 amid rapid shift to renewables, global energy report says (ABC).
2. Wind and solar will contribute will become the dominant source of energy in most major economies within two decades – IEA makes mockery of Turnbull’s renewable energy scare campaign (RNE).
3. Oil production from conventional non-OPEC fields and oil sands will drop by 6.1 million barrels a day by 2040 (although they still predict overall production will rise) – How Big Oil Loses Even Without Peak Demand (Bloomberg).
4. Fatih Birol says”We see clear winners for the next 25 years — natural gas but especially wind and solar — replacing the champion of the previous 25 years, coal” – Renewables & Natural Gas Win Out In World Energy Outlook, But Investors Must Not Misread Oil Demand (Cleantechnica).
5. A combination of efficiency and deployment of renewables has decoupled economic growth from carbon emissions – Massive report details the energy economy that limits warming to 2°C (Ars Technica).
9 Comments on "IEA World Energy Outlook 2016"
onlooker on Thu, 1st Dec 2016 4:34 pm
haha, lets dream of unicorns and fairies. Because the alternative reality is way way too scary. “Wind and solar will contribute will become the dominant source of energy in most major economies within TWO DECADES” Yes folks the worlds ecology and economy has two decades more of fossil fuel burning still left before Renewable Energy will unseat the King. Tedious beyond words to hear this. Not only does the World Ecology or Economy not have two decades left to be able to tolerate this assault but we have already pass the threshold already. The concomitant turbulence related to Peak Oil is right around the corner and the Climate System is ready to rock and roll and bring humanity literally to its knees. But good to hear the IEA World Energy Outlook just for the laughs
penury on Thu, 1st Dec 2016 4:45 pm
The only thing I can add to previous comment is Where do they find the people who write this stuff?
Outcast_Searcher on Thu, 1st Dec 2016 6:35 pm
ANd how is burning even more oil going to limit AGW to 2 degrees celcius again?
rockman on Thu, 1st Dec 2016 6:35 pm
p – “Where do they find the people who write this stuff?” And a more interesting question: who pays them to write this stuff and why?
Hell, the Rockman gives his brillent thoughts away for free.
makati1 on Thu, 1st Dec 2016 6:38 pm
penury, under rocks and in insane asylums. Definitely NOT among the intelligent, rational thinkers of the world. But then, greed makes people do strange things for money.
Hubert on Thu, 1st Dec 2016 6:58 pm
Why focus on energy? Peak Everything.
Davy on Thu, 1st Dec 2016 7:07 pm
More hollow projections out to around the time we are due for a mass extinction.
energy investor on Fri, 2nd Dec 2016 2:44 pm
2040 is the time by which the “Limits to Growth” scenario painted by meadows, Randers and Meadows kicks in and major resource gaps are opening as we plough on with exponential increases in population numbers and resource exploitation.
The IEA is however a political organisation and say only what their masters (principally the USA) want them to say.
Me? I expect a financial crash before 2020 and the the beginning of unwinding of our civilisation by 2030 to match the end of the industrial age of oil following the closing trickles for Ghawar and several other giant oil fields.
Boat on Fri, 2nd Dec 2016 5:41 pm
Siemens just finished a wind plant in the UK for 7&8 MW turbines. They will start a large offshore field in 2017. These monster turbines will be at the forefront of the new age of electricity that will produce much cheaper btu’s than any FF. Now you know us humans love cheap. This industry is going to explode much faster than projected IMO. We’ll see and know a lot more in as early as 2 years.