9 November 2010, Bloomberg
“The energy world is facing unprecedented uncertainty”, IEA Executive Director Nobuo Tanaka said at the launch of World Energy Outlook 2010. “The strength of the economic recovery holds the key to how energy markets will evolve over the next few years. But WEO-2010 demonstrates that it is what governments do, and how that action affects technology, the price of energy services and end-user behaviour, that will shape the future of energy in the longer term” Tanaka added
9 November 2010, Commidities Now
The study, released yesterday, estimates that global Energy consumption in 2035 will be 36% higher than in 2008. This number covers very different realities. While the energy demand will decline in the rich countries members of the Organization for Economic Co-operation and Development (OECD), in the emerging countries energy demand will increase to sustain their economic and population growth. The greatest demand will come from China which in 2009 has overtaken the US as the worlds biggest consumer of energy. In 2035 the Asian giant will overtake 22% of global demand, compared to 17% today, due to a 75% increase in consumption.
9 November 2010, Maeil Kyongjae, Korea
Oil reversed course following the release of the IEA’s long-term energy outlook, in which the Paris-based agency said oil prices might exceed $100 a barrel in 2015 and $200 in 2035. The IEA also cut its 2035 oil demand outlook by 6 million barrels per day (bpd) to 99 million bpd from its estimate a year earlier.
9 November 2010, Der Spiegel
The International Energy Agency (IEA) has reported today that worldwide subsidies to fossil fuels (coal, oil and gas) annually reached 224,000 million euros, while renewables are about 41,000 million, five times less. The Agency in its annual report on world energy analysis, calls to eliminate subsidies for fossil fuels, as agreed by the G-20 in Pittsburgh in 2009, something that the powers have not yet fulfilled.
9 November 2010, El Pais, Spain
The International Energy Agency (IEA) estimates that global primary energy demand will increase by 36% in the between 2008 an d 2035, equivalent to an annual average of 1.2 percent. In its annual report, the World Energy Outlook, the IEA estimates that energy demand will increase from 12,300 Mtoe (million tonnes of oil equivalent) to 16,700 Mtoe in 2035
9 November 2010, ABC, Spain
China’s push for rapid economic development will dominate global energy markets over the next quarter-century, the IEA reported in its World Energy Outlook 2010. | “China’s decisions on energy will affect every person in the world,” IEA Chief Economist Fatih Birol said. “We project them to be the world leaders, producing new capacity in wind, solar, nuclear and advanced coal.”
9 November 2010, The Economic Times, India
The International Energy Agency expects a re-shuffling of roles among the main global oil producers. According to the Agency’s experts, OPEC will take its revenge; its share of oil supply will increase from 41% to 52% in 2035 thanks to growing production in Saudi Arabia and Iraq. The oil cartel hasn’t seen such a market share since the times of the first oil shock in 1973-1974. Saudi Arabia overtakes Russia as the world’s largest oil producer.
9 November 2010, La Tribune, France
The IEA Chief Economist, Fatih Birol, presented for the first time the Agency’s estimates of worldwide fossil fuel subsidies: they reached $312 billion in 2009, mainly in developing countries, compared with total subsidy of $57 billion for renewables. According to Mr Birol, China will lead the development of renewable energy technologies, contributing to the 20% cost reduction of these technologies, in the period to 2035.
9 November 2010, Kathimerini, Greece
The International Energy Agency’s World Energy Outlook shows that the gas surplus will last for another 10 years. Global gas demand will reach 4.5 tcm in 2035 from a level of 3.2 tcm in 2008. Chinese energy demand will incease by 75% from 2008 to 2035, or 36% of the global incremental growth.
9 November 2010, Le Figaro, France
“Renewables in Spain have a difficult task in the future’’, IEA Chief Economist Fatih Birol said today in Madrid, presenting the latest World Energy Outlook. In Spain, the percentage representing electricity generation will fall from 19% now to 32% in 2035, but it is only possible if the incentives are maintained, which can amount to 200 billion dollars in 2035. The question is whether these subsidies can be maintained in a context of crisis, so we must proceed with caution. One example is what happened in Spain where it is necessary to contain these costs. However, you can not completely remove incentives”, he added.