The precipitous fall in oil prices, continued geopolitical instability and the ongoing climate negotiations are witness to the dynamic nature of energy markets. In a time of so much uncertainty, understanding the implications of the shifting energy landscape for economic and environmental goals and for energy security is vital.
The World Energy Outlook 2015 (WEO-2015) presents updated projections for the evolution of the global energy system to 2040, based on the latest data and market developments, as well as detailed insights on the prospects for fossil fuels, renewables, the power sector and energy efficiency and analysis on trends in CO2 emissions and fossil-fuel and renewable energy subsidies.
In addition, the WEO-2015 is informed by in-depth analysis on several topical issues:
— A lower oil price future? The decline in oil prices and changed market conditions have prompted a broad debate over how and when the oil market will re-balance. This analysis examines the implications for markets, policies, investment, the fuel mix and emissions if oil prices stay lower for longer.
— India’s energy outlook: How India’s energy sector develops over the coming decades will have profound implications both for the country’s own prospects and for the global energy system as a whole. With new impetus behind efforts to upgrade the country’s energy supply, this comprehensive, in-depth analysis assesses the multiple challenges and opportunities facing India as it develops the resources and infrastructure to meet rapidly rising energy demand.
— Renewables and energy efficiency: In the run-up to COP21, the Outlook provided a report on the competitive position of fast-growing renewable energy technologies in different markets, how this evolves and what implications this might have for policy; the analysis also tracks for the first time the coverage of energy use by efficiency policies around the world and the ways in which product design, recycling and reuse (“material efficiency”) can contribute to energy savings.
— Unconventional gas: In addition to an update on the opportunities and challenges that face the development of unconventional gas globally, the analysis focuses on the prospects for unconventional gas in China and how this might affect China’s energy outlook as well as regional and global balances.