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Scope of WEO-2014 Special Report – The Outlook for Energy Investment
Dr. Fatih Birol IEA Chief Economist
Paris, 21 March 2014
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Overview of WEO-2014 & related analysis
Annual World Energy Outlook
Release 12 November (London)
Full update of energy projections under three scenarios
By country, fuel & sector, through 2040, with a stopover in 2020 and 2030
Objective and comprehensive analysis of topical issues:
Nuclear in-depth analysis
Fossil-fuel subsidy reform in key producer countries
Special report in the WEO series
The Outlook for Energy Investment – 3 June (London)
Africa Energy Outlook (focus on Sub Saharan Africa) – 13 October (London)
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Organisation, scope & timeline for the Investment Special Report
Organisation & scope
Led by the Directorate of Global Energy Economics, with contributions from other IEA offices
Input from key stakeholders from the investment & finance community
Scenario-based analysis & selected case studies
Covers investment in the entire energy supply chain & in energy efficiency
Timeline
28 February – dedicated informal workshop (Paris)
Today’s inputs from EBC members
On-going: analysis & preparation of the first draft
peer reviewers comment, 9 April
Launch to the international press, 3 June in London
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Report Structure & key issues / questions
Chapter 1: Overview
How much investment is flowing to the global energy sector today, by type and region?
What are the world’s energy investment needs to 2035 & how might these be financed?
How can capital be re-allocated in cost-effective way to achieve a faster transition to a decarbonised energy economy?
Chapter 2: Oil, gas, coal
Investment needs by scenario: do we need to be worried about the adequacy of investment in fossil fuel supply?
Focus on upstream investment in the Middle East & on costs and uncertainties for LNG
Does meeting climate targets mean leaving upstream fossil fuel assets stranded?
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Report Structure & key issues / questions
Chapter 3: Power sector
How much capital is going into the power sector today, by technology? What market or other signals are investors responding to?
How much investment is required to 2035 & who will tomorrow’s investors be?
Where are the risks of a shortfall in investment? Focus on challenges in Europe and India
Chapter 4: Energy efficiency
What is the size of the energy efficiency ‘market’ and which sectors are attracting efficiency investment?
What are current financing sources for efficiency improvements & how might these evolve?