35-480: The annual World Energy Outlook (WEO) is the International Energy Agency 's (IEA) flagship publication on global energy projections and analysis. It contains medium to long-term energy market projections, extensive statistics , analysis and advice for both governments and the energy business regarding energy security, environmental protection and economic development. The first WEO
70-561: A BSc degree in power engineering from the Istanbul Technical University . He received his MSc and PhD in energy economics from the Technical University of Vienna . In 2013, Birol was awarded a Doctorate of Science honoris causa by Imperial College London. In 2023, he was elected as a foreign member of the prestigious Chinese Academy of Engineering . He was made an honorary life member of
105-515: A pathway to reach it. The Announced Pledges Scenario, and the Stated Policies Scenario are exploratory, in that they define a set of starting conditions, such as policies and targets, and then see where they lead based on model representations of energy systems, including market dynamics and technological progress. The scenarios are not predictions but enable policy-makers and other readers to compare different possible versions of
140-548: A roadmap for the global energy sector Net Zero by 2050 was published in May 2021 and presented the first comprehensive pathway for the global energy sector to reach net zero emissions by 2050. The report introduced the Net Zero Emissions scenario, showing how to transition to net zero by 2050 while maintaining secure and affordable energy supplies, extending energy access, and encouraging robust economic growth. The report
175-595: A special focus on recent developments. Gas Market Report The Gas Market Report is updated quarterly, providing the latest developments and data for global gas markets. Energy Efficiency Energy Efficiency is an annual report on global progress and developments in the crucial role that efficient appliances, equipment, buildings, transport and industry play in reducing energy use and the resulting emissions. Renewable Energy Market Update The Renewable Energy Market Update surveys new additions in global renewable power capacity and demand for biofuel. The report, which
210-581: Is a Turkish economist and energy expert, who has served as the executive director of the International Energy Agency (IEA) since 1 September 2015. During his time in charge of the IEA, he has taken a series of steps to modernise the Paris-based international organisation, including strengthening ties with emerging economies like India and China and stepping up work on the clean energy transition and international efforts to reach net zero emissions. Birol
245-710: Is now the principle tool used to generate detailed sector-by-sector and region-by-region long-term scenarios for the World Energy Outlook and other IEA publications. Based on the New Policies Scenario, the central model used by the OECD 's International Energy Agency , in Part A entitled Global energy demands , on the emerging global energy landscape, over the period to 2035, global energy demand would increase by more one-third with China, India and
280-532: Is the International Energy Agency's (IEA) flagship publication on global energy projections and analysis. It contains medium to long-term energy market projections, extensive statistics , analysis and advice for both governments and the energy business regarding energy security, environmental protection and economic development. The first WEO was published in 1977 and it has been an annual publication since 1998. Net Zero by 2050:
315-494: Is updated several times a year, also discusses important variables and policy implications that may affect projections for the years to come. World Energy Investment The annual World Energy Investment tracks investment across the energy world, examining how investors are assessing risks and opportunities across all areas of fuel and electricity supply, critical minerals, efficiency and research and development. Tracking Clean Energy Progress Fatih Birol Fatih Birol
350-714: The IEA as a junior analyst in 1995, Birol worked at the Organization of the Petroleum Exporting Countries ( OPEC ) in Vienna . Over the years at the IEA, Birol worked his way up to the job of Chief Economist, a role in which he was in charge of the IEA's closely watched World Energy Outlook report, before he became executive director in 2015. A Turkish citizen, Birol was born in Ankara in 1958. He earned
385-622: The Libyan crisis , and twice in 2022 in response to the Russian invasion of Ukraine . In addition to the emergency release mechanism, the IEA's initial mandates include reducing dependence on oil, developing alternative energy sources, energy research and development, and collaboration with oil-producing companies and countries to create a stable energy market. Members are expected to draw up plans on demand reduction and efficiency measures that can be implemented during energy emergencies. In 2015,
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#1732791745403420-796: The Governing Board, discussions with the executive director, and the sharing of information related to the criteria for membership with the Secretariat. The following countries are currently undergoing the accession process: Association was formally launched in 2015 and currently includes 13 countries. The IEA collaborates with Association countries on a wide range of energy-related issues determined through joint programmes of work. Association countries may also participate in most Standing Groups and Ministerial meetings. Egypt and Argentina joined as Association countries in March 2022, and Ukraine
455-424: The IEA is providing policy advice to its member states and Associated countries to support their energy security and advance their transition to clean energy. Recently, it has focused in particular on supporting global efforts to accelerate clean energy transition, mitigate climate change, reach net zero emissions, and prevent global temperatures from rising above 1.5 °C. All IEA member countries have signed
490-416: The IEA's chief economist Fatih Birol was appointed executive director, the first time an official from within the organization was picked to lead it. They have a mandate to modernize the agency on three major pillars: broadening the IEA's mandate on energy security beyond oil to include natural gas and electricity; increasing engagement in emerging economies through new Association partnerships; and expanding
525-596: The IEA's core focus on clean energy technology and energy efficiency. The new category of "Association countries" was created in 2015, allowing countries that do not fit the criteria for IEA membership to become affiliated with the organization and participate in its work. China, Indonesia, and Thailand were the first to join and the IEA now has thirteen Association countries, including Ukraine since July 2022. IEA member and Association countries represent over 75% of global energy consumption . In 2021, IEA chief Fatih Birol called on policymakers to do more to accelerate
560-405: The IEA. Member are required to maintain total oil stock levels equivalent to at least 90 days of the previous year's net imports. Member countries commit to respond to significant oil disruptions through a collective action to allow more crude oil to enter the global market. Accession countries are those going through the process of becoming full members. The process involves authorisation by
595-487: The Middle East accounting for 60 percent of that increase. International Energy Agency The International Energy Agency ( IEA ) is a Paris -based autonomous intergovernmental organization , established in 1974, that provides policy recommendations, analysis and data on the global energy sector. The 31 member countries and 13 association countries of the IEA represent 75% of global energy demand. The IEA
630-550: The Paris Agreement which aims to limit warming to 1.5 °C, and two thirds of IEA member governments have made commitments to emission neutrality by 2050. The IEA's current executive director is Fatih Birol , who took office in late 2015. IEA publishes a range of reports and other information including its flagship publication, the annual World Energy Outlook , as well as the Net Zero by 2050 report. The IEA
665-406: The clean energy transition and reduce emissions , saying that "Clean-energy technologies are slowly but surely going to replace the existing energy industry." After the IEA's 2022 Ministerial meeting, a bi-annual high-level meeting of IEA countries, member countries once again expanded the organisation's mandate to include accelerating the global clean energy transition by "supporting countries in
700-476: The development of ideas which are subsequently put to the Governing Board. Standing Groups meet multiple times a year and are made up of officials from member states. The IEA has several Standing Groups and Committees, focusing on energy research and technology, long-term cooperation, emergency preparedness, and other topics. The 31 member countries and 13 association countries of the IEA represent 75% of global energy demand. Only OECD member states may join
735-520: The future and the levers and actions that produce them, with the aim of stimulating insights about the future of global energy. Since 1993, the IEA has provided medium- to long-term energy projections using a continually-evolving set of modelling tools. In 2021, the IEA adopted the Global Energy and Climate Model to develop the world's first comprehensive study of how to transition to an energy system at net zero CO 2 emissions by 2050. This model
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#1732791745403770-425: The global effort to attain net zero greenhouse gas emissions in the energy sector by mid-century." The "IEA 3.0" mandate also doubles down on strengthening energy security and recognizes the importance of tracking critical minerals and materials to the clean energy transition. The IEA's structure includes a Governing Board, Ministerial Meetings, and Standing Groups and Committees. The Governing Board constitutes
805-576: The latest addition being Lithuania in 2022. Full members of the IEA must also be members of the OECD and are required to hold 90 days worth of oil imports as emergency stocks . These emergency stocks can be released to stabilize oil markets worldwide and have been activated five times: January 1991 due to the Gulf War , 2005 after devastation in the Gulf of Mexico from hurricanes Katrina and Rita , 2011 during
840-433: The main decision-making body of the organisation. It is composed of member country representatives and meets three to four times a year. The Governing Board is responsible for the IEA's administrative proceedings and approving binding decisions in relation to energy developments. The IEA Ministerial Meeting is the biennial gathering of energy ministers who determine the broad direction of the IEA. The Ministerial allows for
875-450: The monthly Oil Market Report analyses the global oil market, providing data and forecasts aimed for an audience of industry, financial, and government officials as well as an academic and NGO audience. Country specific analysis on trade and production tracks both OECD and non-OECD states. Electricity Market Report The Electricity Market Report provides regular forecasts for global electricity demand, supply, generation and emissions, with
910-473: The oil reserves that its members are required to hold. In subsequent decades, the IEA's role expanded to cover the entire global energy system, encompassing traditional fuels such as gas, and coal as well as cleaner and fast-growing energy sources and technologies including renewable energy sources; solar photovoltaics , wind power , biofuels as well as nuclear power, and hydrogen, and the critical minerals needed for these technologies. The core activity of
945-606: The public data on government policies and programs to reduce carbon emissions, support energy efficiency, and improve the development and use of renewable and clean energy sources. The database compiles data from several IEA and International Renewable Energy Agency (IRENA) data sources dating back to 1999 and includes information on past, current, and planned policy measures. IEA publications give projections based on sets of assumptions called scenarios . Currently-used scenarios include: Older scenarios include: World Energy Outlook (WEO) The annual World Energy Outlook (WEO)
980-569: The support of the members of the Electric Vehicles Initiative, GEVO highlights and analyses recent developments in EVs and electric mobility. The publication combines historical analysis with projections to 2030 for topics such as charging infrastructure, CO 2 emissions, energy use, and related policy developments. The report includes policy recommendations to advance EV adoption. Oil Market Report First published in 1983,
1015-613: The umbrella of the Organisation for Economic Co-operation and Development (OECD). In 1996, the IEA relocated its headquarters from the Château de la Muette , which it shared with the OECD, to commercially leased space located within the Embassy of Australia, Paris . The IEA operates autonomously, with its own budget and governance structure. The organization began with 16 founding member countries and has since expanded to 31, with
1050-1072: Was formally invited on 16 June 2022, and joined in July 2022. The IEA produces analyses on all energy sources and technologies, on global and regional markets, as well as specific country-level reports and studies on key technologies, minerals, and materials for the clean energy transition. It also produces comprehensive data and statistics for over 150 countries. The IEA's analytical work is split into various categories including policy recommendations, tracking, market forecasts, technical roadmapping, and scenario analysis. The IEA publishes comprehensive data, statistics, and analysis that inform national energy policies and support long-term planning for energy sector investments. The IEA analyses and releases data and information on trends in energy supply, demand, prices, public research and development , and energy efficiency metrics. The data also serves to track short- and long-term trends in countries energy transitions. The Policies and Measures Database (PAMS) makes available to
1085-405: Was founded on November 18, 1974, after the 1973 oil crisis, to avoid future shocks by helping to ensure reliable energy supplies, promote energy efficiency, ensure energy security and encourage technological research and innovation. The Agreement on an International Energy Program (IEP Agreement) established the mandates and structure of the IEA, chartering it as an autonomous organisation under
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1120-751: Was on the Time 100 list of the world's most influential people in 2021, has been named by Forbes magazine among the most influential people on the world's energy scene and recognised by the Financial Times in 2017 as Energy Personality of the Year. Birol is the chairman of the World Economic Forum (Davos) Energy Advisory Board. He is a frequent contributor to print and electronic media and delivers numerous speeches each year at major international summits and conferences. Prior to joining
1155-474: Was published in 1977 and it has been an annual publication since 1998. The World Energy Outlook uses three scenarios to examine future energy trends. The Net Zero Emissions by 2050 Scenario is normative, in that it is designed to achieve specific outcomes – an emissions trajectory consistent with keeping the temperature rise in 2100 below 1.5 °C (with a 50% probability), universal access to modern energy services and major improvements in air quality – and shows
1190-432: Was set up under the framework of the Organisation for Economic Co-operation and Development (OECD) in the aftermath of the 1973 oil crisis to respond to physical disruptions in global oil supplies, provide data and statistics about the global oil market and energy sector , promote energy savings and conservation, and establish international technical collaboration. Since its founding, the IEA has also coordinated use of
1225-569: Was the basis for a game created by the IEA and the Financial Times in which players compete to see if they can reduce emissions to net zero. Energy Technology Perspectives (ETP) First issued in 2006, ETP is a bi-annual guidebook on clean energy technology. The publication focuses on challenges, growth areas, and strengths of emerging clean energy technologies and their contribution to global energy and environmental policy-making. Global EV Outlook (GEVO) Published annually with
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