At a press conference in London on Tuesday, 10 November, the IEA Executive Director Nobuo Tanaka and Chief Economist Fatih Birol presented the results of the World Energy Outlook 2009 (WEO). The WEO 2009 looks at the impact of the economic downturn on energy use, CO2 emissions and energy investment and what will be required at the UN climate conference in Copenhagen to put together an agreement that stops global temperatures rising at a price that is affordable. The WEO also focuses on the natural gas resource base, current trends and the role gas will play in the future energy mix. The book includes a review of energy in Southeast Asia, looking at this fast-growing region and its implications for global energy markets.
The WEO-2009 excerpt sets out, for key countries and regions (including the United States, Japan, the European Union, Russia, China and India), the energy transformation that each might undertake, sector by sector, if the world were to adopt a 450ppm trajectory. It also describes the current trends in energy use and emissions in a fully updated Reference Scenario, detailing the implications of current policies and taking into account the global financial and economic crisis.
The entire WEO 2009 will be launched in London on 10 November 2009 and contains substantially more climate analysis than that presented in the excerpt. It analyses the full impact of the financial crisis on the energy sector, provides a comprehensive set of results, by sector and by region, for both the Reference Scenario and the 450 Scenario, and analyses the international financial flows and mechanisms that might underpin a post-2012 agreement. WEO 2009 also contains major studies on global prospects for national gas markets and energy trends in Southeast Asian countries.
