Monday, September 16, 2019
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IEA Flagship Report Urges Government Action to Advance Energy-related SDGs

The International Energy Agency (IEA) has issued its flagship publication titled, ‘World Energy Outlook 2018’ (WEO 2018), which analyzes global energy trends to 2040 for all fuels, regions and technologies, and outlines possible futures under three scenarios: the Current Policies Scenario, the New Policies Scenario and the Sustainable Development Scenario. The report finds that government policy choices are key to determining “the world’s energy destiny.”

The IEA flagship report analyzes global energy trends to 2040 for all fuels, regions and technologies, and outlines possible futures under the Current Policies Scenario, the New Policies Scenario and the Sustainable Development Scenario.

The World Energy Outlook 2018 finds that, under the Sustainable Development Scenario, accelerated clean energy transitions will put the world on track to meet energy-related SDGs, reduce air pollution and achieve the goals of the Paris Agreement on climate change.

Most emissions linked to energy infrastructure, particularly from coal-fired power plants, are already locked-in, according to the report.

WEO 2018, which the IEA describes as “the gold standard of long-term energy analysis,” warns that, under the Current Policies Scenario, the world is set to experience growing energy security strains and a significant rise in energy-related carbon dioxide (CO2) emissions. While under the New Policies Scenario, which includes policies and targets announced by governments, “the picture brightens,” the gap between that outcome and the Sustainable Development Scenario “remains huge.” The Sustainable Development Scenario envisions accelerated clean energy transitions that put the world on track to meet energy-related SDGs, reduce air pollution and achieve the goals of the Paris Agreement on climate change.

WEO 2018 predicts an increase in oil consumption in the coming decades, due to growing demand in the petrochemicals, trucking and aviation sectors. Meeting this rising demand in the near term, the report notes, will require doubling approvals of conventional oil projects from their current lows.

Original report here.

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