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International Energy Outlook 2016

U.S. Energy Information Administration





World Energy Outlook 2016

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1 janv. 2017 The European Commission also participates in the work of the IEA. © OECD/IEA 2016. International Energy Agency. 9 rue de la Fédération. 75739 ...

2016World

EnergyOutlook

2016

WorldEnergyOutlook

INTERNATIONAL ENERGY AGENCY

The International Energy Agency (IEA), an autonomous agency, was established in November 1974.
Its primary mandate was - and is - two-fold: to promote energy sec�urity amongst its member

countries through collective response to physical disruptions in oil sup�ply, and provide authoritative

research and analysis on ways to ensure reliable, affordable and clean e�nergy for its 29 member

countries and beyond. The IEA carries out a comprehensive programme of e�nergy co-operation among

its member countries, each of which is obliged to hold oil stocks equiva�lent to 90 days of its net imports.

The Agency's aims include the following objectives:

Secure member countries' access to reliable and ample supplies of a�ll forms of energy; in particular,

through maintaining effective emergency response capabilities in case of� oil supply disruptions.

Promote sustainable energy policies that spur economic growth and environmental protection

in a global context - particularly in terms of reducing greenhouse-ga�s emissions that contribute

to climate change. Improve transparency of international markets through collection and analysis of energy data. Support global collaboration on energy technology to secure future energy supplies and mitigate their environmental impact, including through improved ener�gy ef�ciency and development and deployment of low-carbon technologies. Find solutions to global energy challenges through engagement and dialogue with non-member countries, industry, international organisations and other stakeholders.

IEA member countries:

Australia

Austria

Belgium

Canada

Czech Republic

Denmark

Estonia

Finland

France

Germany

Greece

Hungary

Ireland

Italy Japan Korea

Luxembourg

Netherlands

New Zealand

Norway

Poland

Portugal

Slovak Republic

Spain

Sweden

Switzerland

Turkey

United Kingdom

United States

The European Commission

also participates in the work of the IEA.

© OECD/IEA, 2016

International Energy Agency

9 rue de la Fédération

75739 Paris Cedex 15, France

Please note that this publication

is subject to speci�c restrictions that limit its use and distribution.

The terms and conditions are

available online at www.iea.org /t&c/

Together

SecureSustainable

Ξ͕ͬϮϬϭϲForeword3

Foreword

Ξ͕ͬϮϬϭϲ4World Energy Outlook 2016

Acknowledgements

This study was prepared by the World Energy Outlook (WEO) team in the Directorate of

Cozzi, Head of the

WEO Energy Demand Outlook Division, and Tim

Gould, Head of the WEO Energy Supply

Baroni (also lead

on power) and Brent Wanner (also lead on electricity prices and contributed to the hourly

Adam (fossil-fuel subsidies

and data management), Ali 1 ), Elie Bellevrat (lead

Bouckaert (lead

on buildings, renewable heat and demand-side response), Ian

Cronshaw (power chapter),

Hannah

Daly (lead on services sector and energy access), Dan Dorner (renewables and energy access), Vincenzo Franza (lead on renewables subsidies; contributed to power modelling),

Nathan

Frisbee (oil, Mexico), Timur Gül (lead on climate, end-use demand modelling and oil demand), Paul Hugues (lead on renewables in transport, contributed to power sector),

Sixten

Klingbeil (natural

gas and Mexico),

Rodolfo

Lobato (Mexico), Christophe McGlade (lead on oil; contributed to climate), Seah (renewables), Toshiyuki Shirai (co-lead on Mexico, lead on fossil-fuel subsidies),

Benjamin

Smith (renewables), Johannes Trüby (lead on gas and coal), Molly A. Walton (co-lead on energy and water), David Wilkinson (lead on the hourly power model, data management; contributed to power and renewables) and Shuwei Zhang

Tae-Yoon

Kim, Rakyung Park, Claudia Pavarini and Maria Sobron Bernal also contributed to

Teresa

Robert Priddle

Ξ͕ͬϮϬϭϲ6World Energy Outlook 2016 and www.iea.org/ugforum.

Peer reviewers

Marc Debever

Ξ͕ͬϮϬϭϲ8World Energy Outlook 2016 Japan

Steve LennonShanduvan

Simone Mori

Ξ͕ͬϮϬϭϲ10World Energy Outlook 2016 രìEdison

Wim ThomasRoyal Dutch Shell

Mads WarmingDanfoss

Directorate of Sustainability, Technology and Outlooks www.worldenergyoutlook.org.

FOCUS ON

RENEWABLE

ENERGY

CONTENTSTABLE

OF

PART APART B

GLOBAL

ENERGY

TRENDS

ANNEXES

ENERGY AND CLIMATE CHANGE8

WATER-ENERGY NEXUS9

INTRODUCTION AND SCOPE1

OVERVIEW2

OIL MARKET OUTLOOK3

COAL MARKET OUTLOOK5

ENERGY EFFICIENCY OUTLOOK7

NATURAL GAS MARKET OUTLOOK4

POWER SECTOR OUTLOOK6

INTEGRATION OF VARIABLE RENEWABLES IN POWER SYSTEMS12

RENEWABLE ENERGY OUTLOOK10

COMPETITIVENESS OF RENEWABLE ENERGY11

Ξ͕ͬϮϬϭϲ14World Energy Outlook 2016 1 2 3

Foreword 3

Acknowledgements

5

Executive Summary

21

Part A: GLOBAL ENERGY TRENDS 29

Introduction and scope 31

1.2.1 Inputs to the modelling 38

1.2.2 International prices and technology costs 45

Overview57

Ten questions on the future of energy 58

energy demand and energy-related CO 2 emissions? 58 o

Oil market outlook 107

Ξ͕ͬϮϬϭϲTable of Contents15

4 5 6

Natural gas market outlook 161

Coal market outlook 203

Power sector outlook 241

Ξ͕ͬϮϬϭϲ16World Energy Outlook 2016 8

Energy efficiency outlook 283

Energy and climate change 313

2

Water-energy nexus 347

7

Ξ͕ͬϮϬϭϲTable of Contents17

Part B:

SPECIAL FOCUS ON RENEWABLE ENERGY395

Renewable energy outlook 397

Competitiveness of renewable energy 443

11 10 Ξ͕ͬϮϬϭϲ18World Energy Outlook 2016 Integration of variable renewables in power systems 495 12

Ξ͕ͬϮϬϭϲTable of Contents19

ANNEXES

Ξ͕ͬϮϬϭϲWorld Energy Outlook 201620-I

List of figures

Part A: GLOBAL ENERGY TRENDS

Figures for Chapter 1: Introduction and scope

1.1 Selected carbon pricing schemes in place as of mid-2016 40

1.2 Changes in GDP and energy demand in selected countries and regions,

2000-201441

1.3 Trends in oil and coal prices and US dollar value 43

1.4 Average IEA crude oil import price by scenario 48

1.5 Natural gas prices by region in the New Policies Scenario 49

1.6 Steam coal prices by region in the New Policies Scenario 52

1.7 Recent cost trends for selected technologies 53

Figures for Chapter 2: Overview

2.1 Global GDP, energy demand and energy-related CO

2 emissions trajectories by scenario 60

2.2 Energy demand by region in the New Policies Scenario 61

2.4 Global primary energy mix in the New Policies Scenario 67

2.5 Shares of global demand met by renewable energy in selected sectors in

the New Policies and 450 Scenarios 69

2.7 Global primary energy demand and related CO

2 emissions by scenario 73

New Policies and 450 Scenarios 74

2015 78

2.11 Change in energy demand and energy-related air pollutants in selected regions

in the New Policies Scenario, today to 2040 80

Clean Air Scenarios, 2040 81

450 Scenarios, 2016-2040 85

2.14 Diversity of the primary energy mix by scenario and selected region 87

2.15 Global fossil-fuel trade in the New Policies Scenario 88

end-use sectors in the New Policies Scenario 89

2.17 Global energy use in the water sector and water use in the energy sector in

the New Policies Scenario 91quotesdbs_dbs1.pdfusesText_1
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