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Presents midterm forecasts of of energy supply, demand, and prices through 2020. Includes: legislation and regulations (electricity deregulation, various standards, and new Acts), issues in focus (electricity pricing, stimulating renewables, carbon emissions), market trends (energy demand, electricity, oil and natural gas, coal, emissions), forecast comparisons, list of acronyms. Key issues for the forecast extension to 2020 are: trends in energy efficiency improvements, effects of increasing production and productivity improvements on energy prices, and reduction in nuclear generating capacity. More than 125 tables and figures.
The Annual Energy Outlook 1998 (AEO98) is the first AEO with projections to 2020. Key issues for the forecast extension are trends in energy efficiency improvements, the effects of increasing production and productivity improvements on energy prices, and the reduction in nuclear generating capacity. Projections in AEO98 also reflect a greater shift to electricity market restructuring. Restructuring is addressed through several changes that are assumed to occur in the industry, including a shorter capital recovery period for capacity expansion decisions and a revised financial structure that features a higher cost of capital as the result of higher competitive risk. Both assumptions tend to favor less capital-intensive generation technologies, such as natural gas, over coal or baseload renewable technologies. The forecasts include specific restructuring plans in those regions that have announced plans. California, New York, and New England are assumed to begin competitive pricing in 1998. The provisions of the California legislation for stranded cost recovery and price caps are incorporated. In New York and New England, stranded cost recovery is assumed to be phased out by 2008.
The World Energy Outlook series is a leading source of strategic insight on the future of energy and energy-related emissions, providing detailed scenarios that map out the consequences of different energy policy and investment choices. This year's edition updates the outlooks for all fuels, technologies and regions, based on the latest market data, policy initiatives and cost trends. In addition, the 2019 report tackles some key questions in depth: (i) What do the shale revolution, the rise of liquefied natural gas, the falling costs of renewables and the spread of digital technologies mean for tomorrow's energy supply?; (ii) How can the world get on a pathway to meet global climate targets and other sustainable energy goals?; (iii) What are the energy choices that will shape Africa's future, and how might the rise of the African consumer affect global trends?; (iv) How large a role could offshore wind play in the transformation of the energy sector?; (v) Could the world's gas grids one day deliver low-carbon energy?
"World Energy Outlook 2008 draws on the experience of another turbulent year in energy markets to provide new energy projections to 2030, region by region and fuel by fuel, incorporating the latest data and policies. "