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World Energy Outlook 2010 |
Where are global energy markets headed in the aftermath of the Copenhagen climate meeting and the worst economic crisis since the Second World War? What is the potential for policy action to make the entire energy system – including electricity – more secure, reliable and environmentally sustainable? These questions and more will be answered in the 2010’s edition of the World Energy Outlook, the IEA’s flagship publication, which will present updated projections of energy demand, production, trade and investment, fuel by fuel and region by region to 2035. WEO-2010 will also put the spotlight on pressing topical issues facing the energy sector. The forthcoming WEO-2010 will be launched on 9 November in London. More information is available on the WEO website where the WEO-2008’s edition is now downloadable for free.
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An Era Is Ending |
|  Hartmut Schneider, who has served as Chair of the Standing Group on Global Energy Dialogue/SGD (formerly known as the Committee on Non-Member Countries/CNMC) for the past ten years and as well represented Germany on the IEA Governing Board, is leaving government to “return to private life.” Hartmut presided over the CNMC/SGD during a period when broader global engagement became a key priority for the IEA. Under his capable and visionary leadership, a new outreach strategy was developed and co-operation with non-member countries greatly expanded. His tenure was a success on all counts. Hartmut is leaving his official position, but we hope his energy interests will ensure continued contact with his friends and colleagues at the IEA.
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Calendar |
May and June |
Date |
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Standing Group on Global Energy Dialogue / SGD (Paris) |
5-6 May |
“The Delta State Green Economy Initiative Investment Roundtable”
(Houston – Jones) |
5-6 May
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IEA/UNDP/UNIDO Workshop “Towards Universal Energy Access:
Access: MDGs and Beyond”
(Paris) |
7 May
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Qatar OAPEC 9th Arab Energy Conference (Doha – Tanaka) |
9-10 May |
IEA / IEEJ / IPEEC 2nd Energy Management Action Network
(EMAK)
Workshop (Washington, DC) |
10-12 May
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Energy Efficiency Global Forum and Expo (Washington, DC – Jones) |
10-12 May |
Launch of IEA Solar Roadmaps (PV and CSP) at EU Mediterranean
Solar Plan Conference (Valencia – Tanaka) |
11 May
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Release of IEA Oil Market Report |
12 May |
Holiday in France |
13 May |
Global CCS Institute Members’ Meeting (Pittsburgh – Jones) |
13-14 May |
IEA Closed |
14 May |
Standing Group on Long-Term Co-operation / SLT (Paris) |
17-18 May |
Energy Business Council / EBC (Paris) |
18 May |
Governing Board Informal Brainstorming (Paris) |
19 May |
Governing Board and Management Committee / GB (Paris) |
20 May |
Holiday in France |
24 May |
European Nuclear Energy Forum (Bratislava – Tanaka) |
24-25 May |
Informal Workshop on the Outlook for
Unconventional
Oil (New York) |
25 May
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“Challenges and Opportunities for the Energy Sector of SICA Countries”: Regional Ministerial Workshop organized by SICA and World Bank
(Panama City – Jones) |
25-26 May
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End Users Working Party Brainstorming Meeting (Utrecht) |
26 May |
IEA / EC Joint Energy Technology Study Day: 2050 Perspectives
(Brussels) |
26 May
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Meeting of the OECD Council at Ministerial Level / MCM (Paris) |
27-28 May |
First Expert Group Meeting on Low-Carbon Energy
Technology Platform (Paris) |
31 May-1 June
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SEDIGAS Annual Meeting (Madrid – Tanaka) |
1 June |
DOE/American Turkish Council Conference on
“Energy Efficiency: the Shortest Route to a Stronger Future” (Istanbul – Jones) |
3-4 June
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Working Party on Fossil Fuels (Beijing) |
7-11 June |
International Economic Forum of Americas (Montreal – Tanaka) |
7-8 June |
Petronas AOGC Conference (Kuala Lumpur – Jones) |
7-8 June |
Committee on Energy Research and Technology / CERT (Paris) |
9-10 June |
Release of IEA Oil Market Report |
10 June |
Green Growth Initiative (Seoul – Tanaka) |
14-17 June |
APEC Energy Ministerial (Fukui City, Japan – Tanaka) |
19-20 June |
E-5 Energy Ministers Meeting (Seoul – Tanaka) |
21-22 June |
Launch of Medium-Term Oil Market Report (MTOMR) and
Natural Gas Market Review (NGMR) (Paris) |
23 June
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Clean Energy Week (Manila – Jones) |
24-25 June |
G8/G20 Summit (Moskaka, Canada) |
26-27 June |
METI / NEDO Forum on Renewable Energy / RE2010
(Tokyo – Tanaka) |
29-30 June
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Standing Group on Emergency Questions / SEQ and
Standing Group on the Oil Market / SOM (Paris) |
29 June-1 July
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Launch of Energy Technology Perspectives (Washington, DC – Tanaka) |
1 July |
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Issues this Month |
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Oil Market Update |
| Marker crude oil prices oscillated around $75/bbl in mid-May after having fallen by $10/bbl, the biggest weekly decline in 18 months, stemming from the evolving Eurozone debt crisis and the ensuing sell-off in global stock markets. Global oil demand estimates for 2009 and 2010 were revised down on average by 190 kb/d following changes to non-OECD baseline data, as slightly higher IMF GDP data offset a higher price assumption. Demand is now estimated at 84.8 mb/d and 86.4 mb/d in 2009 and 2010, respectively. April world oil supply was unchanged from March at 86.6 mb/d, a year-on-year increase of 2.6 mb/d. Rising OPEC NGLs counter-balanced a seasonal dip-in non-OPEC supply. OPEC crude production held steady at 29 mb/d after an increase in OPEC-11 production offset a decrease from Iraq. OECD stock cover in days of forward demand rose to 60.5 days at end-March, OECD industry stocks having risen by 7.3 mb to 2 709 mb. Preliminary April data indicate that OECD onshore stocks built sharply by 47.4 mb and that worldwide floating storage increased 81 mb, led by significant additions of Iranian crude oil in the Arabian Gulf. Amid signs of stronger US and Chinese crude runs, global refinery crude throughputs were estimated at 73.3 mb/d in 2Q2010, an increase of 450 kb/d from 1Q2010.
Slides
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Fostering Co-operation with Chile |
|  IEA Executive Director Nobuo Tanaka was invited by the Chilean government to Santiago de Chile from 26-27 April to discuss Chile's new energy challenges in the wake of the 27 February earthquake and the 11 March change of government. Mr. Tanaka met with the new Minister of Energy, Mr. Ricardo Raineri (see photo) and other government officials working in the Energy Ministry. Discussions with Minister Raineri focused on the upcoming Emergency Response Assessment of Chile, and a range of collaboration activities including energy statistics training and technology collaboration. Mr. Tanaka also gave a presentation on recent IEA policy messages to a group of 130 Chilean policy makers and local press. IEA Deputy Executive Director Richard Jones also met with the Deputy Minister on the margins of the EE Global meeting to discuss an upcoming visit to Chile to present the findings of our new Energy Technology Policies publication.
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IPEEC Holds First Policy Meeting |
|  IEA Deputy Executive Director Richard Jones and Rick Bradley, head of the IEA Energy Efficiency and Environment division, represented the Agency at the first IPEEC (International Partnership for Energy Efficiency Cooperation) Policy Committee meeting in Washington DC on Tuesday 11 May. Amb. Jones and Mr. Bradley joined leaders from 15 countries to promote global collaboration on energy efficiency through the IPEEC through activities such as the Energy Management Action Network (EMAK) and the Sustainable Buildings Network (SBN).
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IEA Welcomes Two Chinese Statisticians |
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 Ms. Zhu Chunyan comes from the National Bureau of Statistics of China in Beijing and Ms. Zhang Nan comes from Liaoning Provincial Bureau of Statistics of China in Shenyang. They have been working in the Energy Statistics Division (ESD) for two and a half months and will continue at the IEA until the beginning of June. Their internship focuses on international methodologies for reporting energy data, including basic energy statistics, but also estimates of CO2 emissions and energy efficiency indicators. Besides learning a lot every day, they are enjoying working with so many friendly ESD colleagues.
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Keeping Paris Cool |
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IEA Executive Director Nobuo Tanaka paid a visit to CLIMESPACE, which is expanding its energy efficient Paris district cooling system (in fact, some construction is taking place just outside IEA headquarters). In this photo, Mr. Tanaka is looking at an electrically-powered water chilling unit. The CLIMESPACE system pumps cold water from the Seine River and circulates it to cool such buildings as the Louvre museum and the National Assembly in the city centre. Using water from the Seine enables the use of this chilling unit to be reduced, even completely stopped when the river water is cold enough. Buildings require cooling year-round even during winter for such applications as keeping fragile paintings safe or data centres running safely. Mr. Tanaka is pictured here with CLIMESPACE President Francois Dupoux, CLIMESPACE CEO Damien Térouanne, IEA Energy Analyst Jayen Veerapen and CLIMESPACE Methods Engineer Julien Roussel.
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IEA at EE Global |
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 IEA Deputy Executive Director Richard Jones acted as the Master of Ceremonies at the Opening Plenary of the EE Global to an audience of around 700 attendees. Ambassador Jones' opening comments emphasised the essential role of energy efficiency governance in capturing maximum energy efficiency potential. EE Global is one of the largest global energy efficiency conferences and is convened by the Alliance to Save Energy (ASE). Ambassador Jones' presentation can be found here.
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Assuring Universal Energy Access |
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 On 7 May, the IEA held an informal workshop, organised jointly with UNDP and UNIDO, to gather input for the energy and development analysis that will appear in the World Energy Outlook 2010. High-level experts in economic development, energy infrastructure and technology, finance and public policy from developed and developing countries participated, sharing views on how to forge new, cost effective approaches to ensure broader access to modern energy services. The WEO focus on the role of energy in development, to be carried out jointly with UNDP and UNIDO, will provide quantitative analysis to inform discussions at the 2010 MDG Review Summit in September 2010 in occasion of the 65th session of the General Assembly of the UN. See also agenda and background paper.
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Renewable Energy Prospects |
| On 26 April, the IEA convened an informal workshop on the “Outlook for Renewable Energy,” bringing together officials and experts from government, industry, academia and international organisations – including Mrs. Hélène Pelosse, the Interim Director General of IRENA – to discuss the key challenges facing broader deployment of renewable energy. The discussions used to gather input for the renewable energy analysis that will appear in the WEO-2010. See also the agenda and background paper.
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Promoting Energy Management in Industry |
| On 10 May, the second Energy Management Action NetworK (EMAK) workshop took place in Washington D.C. Workshop speakers included Mr. Kazuhiko Hombu, Director General of the Japanese Ministry for Energy, Technology and Industry (METI), a senior official from the U.S. Department of Energy, and private and public-sector energy management experts from across the globe. IEA Deputy Executive Director Richard Jones also presented at this workshop. EMAK, which seeks to create a robust forum to promote energy management in industries, is organised by the IEA, the Institute of Energy Economics, Japan, on behalf of the International Partnership of Energy Efficiency Co-operation (IPEEC), and the governments of Japan and the United States. For more information about this EMAK workshop, please see: http://sites.google.com/site/emakbiz/. |
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Sustainable Buildings Network Kicked Off at EE Global |
A first workshop in Sustainable Buildings Network (SBN) was held at the EE Global conference on 10 May in Washington, DC. The theme was Intelligent Architecture for tropical and very hot regions. IEA Deputy Executive Director Richard Jones opened the workshop by stressing how important energy efficiency in buildings. Speakers from the US and India also emphasised the importance of this network. The workshop itself focused on the establishment of SBN and on energy efficiency/sustainable buildings in the east Mediterranean and Southeast Asia as well as “Cooling Roofs.” The workshop was followed by the first steering group meeting for SBN on 12 May, where most of the IPEEC members expressed their interest and will to participate in this new network. See workshop agenda. |
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Press Quotes of the Month |
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Reuters, 9 May 2010
Commenting that the oil spill in the Gulf of Mexico could lead to tighter regulations and slow offshore oil and gas development, IEA Executive Director Nobuo Tanaka said "the future potential [for oil supply] is offshore in deeper water and in the Arctic, so if offshore investment is going to be slowed down, that is a concern." He added, "we have to learn from the accident. We need good supply from offshore in the future."
New York Times, 7 May 2010
Noting that China’s surging demand for power from oil and coal has led to the largest six-month increase in the tonnage of human generated greenhouse gases ever by a single country, Jonathan Sinton, IEA China Programme Manager said, "no country of this size has seen energy demand grow this fast before in absolute terms, and those who are most concerned about this are the Chinese themselves."
Dow Jones Newswires, 28 April 2010
At a UN conference on energy and climate change, IEA Chief Economist Fatih Birol said that "if the price of oil stays at USD 80-85 a barrel for the full year, in 2010 it will equal 4.5% of gross domestic product of (.) lesser developed countries (…). That will be the highest ever” correlation between oil prices and GDP. He expressed concern that this price level could restrict growth in these countries. |
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IEA Publications |
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Two New Energy Technology Roadmaps:
Photovoltaic (PV) and Concentrating Solar Power (CSP) |
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  Solar electricity could represent up to 20% to 25% of global electricity production by 2050. This important finding emerges from two new IEIA studies: the solar Photovoltaic (PV) and Concentrating Solar Power (CSP) roadmaps. The combination of solar photovoltaics and concentrating solar power offers considerable prospects for enhancing energy security while reducing energy-related CO2 emissions by almost six billion tonnes per year by 2050. The roadmaps detail the technology milestones that would make this possible, highlighting that the two technologies will deploy in different yet complementary ways: PV mostly for on-grid distributed generation in many regions and CSP largely providing dispatchable electricity at utility scale from regions with brightest sun and clearest skies. PV also helps provide energy access off grid in rural areas. Together, PV and CSP could generate 9 000 Terawatt hours of power in 2050.
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Concentrating Solar Power Roadmap:
Brochure
Foldout |
Solar PV Roadmap:
Brochure
Foldout |
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See online Bookshop for upcoming publications |
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Energy Technology |
| For the latest
information on technology work and activities at the IEA,
see the most recent edition of the OPEN Energy
Technology Bulletin.
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Fast Facts |
| In 1974, industry accounted for 48% of final consumption of electricity in IEA member countries. By 2007, this portion had fallen to 34%. See the IEA Scoreboard publication for more details. |
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Work in the IEA |
| To view all IEA vacancies, please click here. To view vacancies at the OECD,
please click
here.
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Comments and Questions |
| This newsletter should evolve to address the interests and concerns of IEA Member countries. What do you want to hear from us? What is useful?
Please send emails to Rebecca.Gaghen@iea.org or
call +33 1 40 57 65 54 and ask for the CIO, Rebecca Gaghen.
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