There is no silver bullet, only silver buckshots... Great figure showing that there is no single measure to reduce emissions. Each shift (eg EVs) is just a small slither in the big wedge. ➡️Key message: There is no shortage of ways to reduce emissions!
THREAD Today we launched World Energy Outlook 2019 #WEO19, our flagship report. Here are my key takeaways from this exceptional piece of work that provides wide-ranging insights into how today's decisions will shape our energy future. → 1/
The past century has witnessed multiple transitions to & from different fuels & technologies. The challenge today is one of scale: global energy use is 10 times higher than in 1919 ... and still growing → 5/
PS. There's a whole lot more content online 👇 Explore the key findings: Explore findings by fuel: Read about our scenarios: Watch the launch press conference live at 11 CET:
The global rise of SUVs is challenging efforts to reduce emissions. If the appetite for heavier & bigger cars continues to grow at a similar pace to the past decade, this would add nearly 2m barrels a day in global oil demand by 2040. Learn more →
More than 500m people will likely be added to Africa’s urban population by 2040. Much higher than the growth seen in China’s urban population between 1990 and 2010, a period in which China’s production of materials such as steel and cement sky-rocketed.
Over the next two decades, developing countries in Asia - led by China - account for half the growth in global gas demand and almost all the increase in trade, mostly in the form of liquefied natural gas (LNG). → 7/
Coal-fired power plants that account for 30% of all energy-related emissions today. Over the past 20 years, Asia has accounted for 90% of all coal-fired capacity built worldwide = 2/3 of existing capacity. So young they are hard to scrap.
The technological capacity unlocked in the North Sea means that offshore wind has the capacity to meet electricity demand many times over.
The World Energy Outlook is out today and shows once again the critical role of energy efficiency for achieving carbon goals.
Even though the IEA is conservative with solar in its Stated Policy Scenario, solar PV still becomes the largest component of installed capacity in the global power sector by 2035... (if the IEA is conservative, that is the latest it will be)
In developing Asian economies, existing coal-fired plants are 12 years old. How to bring down down emissions from the existing stock: 1. retrofit them with CCUS or biomass co-firing; 2. repurpose for system adequacy & flexibility; 3. retire them early
Does the IEA Sustainable Development Scenario (SDS) use loads of Carbon Capture & Storage (CCS) to keep burning fossil fuels? No. Compared to other scenarios in the literature (#SR15), IEA is conservative on CCS. Data from &