IEA World Energy Outlook 2016  

Posted by Big Gav in , , ,

The IEA has released the 2016 version of their annual world energy outlook report - World Energy Outlook 2016.

The report has prompted a spate of articles about "peak oil demand" (with earlier reports from the Economist and WSJ being joined this week by Forbes, Bloomberg and The FT).

Other than speculation about when demand-driven peak oil production will occur, attention concentrated on:

1. Chinese coal use peaking in 2013 - China's coal use likely peaked in 2013 amid rapid shift to renewables, global energy report says (ABC).

2. Wind and solar will contribute will become the dominant source of energy in most major economies within two decades - IEA makes mockery of Turnbull’s renewable energy scare campaign (RNE).

3. Oil production from conventional non-OPEC fields and oil sands will drop by 6.1 million barrels a day by 2040 (although they still predict overall production will rise) - How Big Oil Loses Even Without Peak Demand (Bloomberg).

4. Fatih Birol says"We see clear winners for the next 25 years — natural gas but especially wind and solar — replacing the champion of the previous 25 years, coal" - Renewables & Natural Gas Win Out In World Energy Outlook, But Investors Must Not Misread Oil Demand (Cleantechnica).

5. A combination of efficiency and deployment of renewables has decoupled economic growth from carbon emissions - Massive report details the energy economy that limits warming to 2°C (Ars Technica).

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