The following definitions reflect those used by the International Energy Agency (IEA); definitions used by other organisations and publications may vary.
steam-assisted gravity drainage
synthetic crude oil
The Standing Group on Emergency Questions (of the IEA)
Standing Group on Global Energy Dialogue (of the IEA)
Standing Group on Long-Term Co-operation (of the IEA)
synthetic natural gas
solid oxide fuel cells
Standing Group on the Oil Market (of the IEA)
short-run marginal cost
sovereign wealth funds
World Energy Outlook
- 450 Scenario: A scenario presented in the World Energy Outlook, which sets out an energy pathway consistent with the goal of limiting the global increase in temperature to 2°C by limiting concentration of greenhouse gases in the atmosphere to around 450 parts per million of CO2.
- Current Policies Scenario: A scenario in the World Energy Outlook that assumes no changes in policies from the mid-point of the year of publication (previously called the Reference Scenario).
- New Policies Scenario: A scenario in the World Energy Outlook which takes account of broad policy commitments and plans that have been announced by countries, including national pledges to reduce greenhouse-gas emissions and plans to phase out fossil-energy subsidies, even if the measures to implement these commitments have yet to be identified or announced.
- Deferred Investment Case: A scenario created in World Energy Outlook 2011 to analyse how global markets might evolve if investment in the upstream industry in Middle East and North Africa countries were to fall short of that required in the New Policies Scenario over the next few years.
- Low Nuclear Case: A scenario created in World Energy Outlook 2011 to examine the implications for global energy balances of a much smaller role of nuclear power than that projected in any of the three scenarios presented in the WEO-2011.
Energy Technology Perspectives
- The 6°C Scenario (6DS) is largely an extension of current trends. By 2050, energy use almost doubles (compared with 2009) and total GHG emissions rise even more. In the absence of efforts to stabilise atmospheric concentrations of GHGs, average global temperature rise is projected to be at least 6°C in the long term. The 6DS is broadly consistent with the World Energy Outlook Current Policy Scenario through 2035.
- The 4°C Scenario (4DS) takes into account recent pledges made by countries to limit emissions and step up efforts to improve energy efficiency. It serves as the primary benchmark in ETP 2012 when comparisons are made between scenarios. Projecting a long-term temperature rise of 4°C, the 4DS is broadly consistent with the World Energy Outlook New Policies Scenario through 2035 (IEA, 2011). In many respects, this is already an ambitious scenario that requires significant changes in policy and technologies. Moreover, capping the temperature increase at 4°C requires significant additional cuts in emissions in the period after 2050.
- The 2°C Scenario (2DS) is the focus of ETP 2012. The 2DS describes an energy system consistent with an emissions trajectory that recent climate science research indicates would give an 80% chance of limiting average global temperature increase to 2°C. It sets the target of cutting energy-related CO2 emissions by more than half in 2050 (compared with 2009) and ensuring that they continue to fall thereafter. Importantly, the 2DS acknowledges that transforming the energy sector is vital, but not the sole solution: the goal can only be achieved provided that CO2 and GHG emissions in non-energy sectors are also reduced. The 2DS is broadly consistent with the World Energy Outlook 450 Scenario through 2035.
- BLUE Map Scenario: This IEA scenario is target-oriented: it sets the goal of halving global energy-related CO2 emissions by 2050 (compared to 2005 levels) and examines the least-cost means of achieving that goal through the deployment of existing and new low-carbon technologies.
an electricity network that uses digital and other advanced technologies to monitor and manage the transport of electricity from all generation sources to meet the varying electricity demands of end users. Smart grids co-ordinate the needs and capabilities of all generators, grid operators, end users and electricity market stakeholders to operate all parts of the system as efficiently as possible, minimising costs and environmental impacts while maximising system reliability, resilience and stability.
The European Smart Meters Industry Group (ESMG) defines four minimum functionalities of a smart meter: remote reading, two-way communication, support for advanced tariffing and payment systems and remote disablement and enablement of supply.
the price that is quoted for immediate settlement of a transaction.
all other hard coal that is not classified as coking coal. Also included are recovered slurries, middlings and other low-grade coal products not further classified by type. Coal of this quality is also commonly known as thermal coal.
any government action directed primarily at the energy sector that lowers the cost of energy production, raises the price received by energy producers or lowers the price paid by energy consumers.
a synthetic gas primarily composed of hydrogen and carbon monoxide produced by a chemical process.
any liquid fuel obtained from coal, natural gas or biomass. The best known process is the Fischer-Tropsch synthesis. An intermediate step in the production of synthetic fuel is often syngas, a mixture of carbon monoxide and hydrogen produced from coal which is sometimes directly used as an industrial fuel.