Spending more on energy Energy burden as a share of GDP, 1970-2022 Sources: BlackRock Investment Institute and BP Statistical Review of World Energy 2021, with data from Haver Analytics, March 2022. Ensuring adequate energy supply to sustain economic growth has been a core concern of the Chinese government since 1949. World Energy Investment 2022 - Analysis and key findings. However, from 2010 to 2015 China reduced energy consumption per unit of GDP by 18%, and CO 2 emissions per unit of GDP by 20%. How close is the world to using up the available carbon budget, which cannot be exceeded if global warming is to be contained? The Executive Summary is also available in in Arabic (), Chinese (), French (), German (), Italian (), Japanese (), Portuguese (), Russian () and Spanish ().. The Southeast Asia Energy Outlook 2022 is the fifth edition of this World Energy Outlook Special Report. The full World Energy Outlook 2022 report (PDF) is provided free of charge. A report by the International Energy Agency. The full World Energy Outlook 2022 report (PDF) is provided free of charge. Prepared by the OECD Economics Department, the Outlook puts forward a consistent set of projections for output, employment, government spending, prices and current balances based on a review of each member country and of the We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. Please refer to the Important Notice at the end of this article. Four large-scale shifts in the global energy system set the scene for the World Energy Outlook 2017: the rapid deployment and falling costs of clean energy technologies, the growing electrification of energy, the shift to a more services-oriented economy and a cleaner energy mix in China, and the resilience of shale gas and tight oil in the United States. This is an extract, full report available as PDF download Download full report Report October 2022 Net Zero by 2050. Six months ago 1, at the time of our half year results for the 2022 financial year, writing days before Russian troops had entered Ukraine, we stated that the shared, albeit staggered recovery pattern of the prior half has given way to highly idiosyncratic trends within the energy and nonferrous commodity clusters, as The country is the world's largest emitter of greenhouse gases, and coal in China is a major cause of global warming. A report by the International Energy Agency. The OECD Economic Outlook is the OECDs twice-yearly analysis of the major global economic trends and prospects for the next two years. Answers to these questions and a host of others are to be found in the pages of WEO 2014, based on new projections which are Skip navigation World Energy Investment report provides a full update on the investment picture in 2021 and full-year estimates of the outlook for 2022. A report by the International Energy Agency. The International Energy Agency works with countries around the world to shape energy policies for a secure and sustainable future. U.S. coal companies by capacity of retirements 2018-2024; U.S. renewable power exceeding coal power 2019 & 2020; U.S. capacity of coal facility retirements 2010-2025 Prepared by the OECD Economics Department, the Outlook puts forward a consistent set of projections for output, employment, government spending, prices and current balances based on a review of each member country and of the The full World Energy Outlook 2022 report (PDF) is provided free of charge. The full World Energy Outlook 2022 report (PDF) is provided free of charge. Inflation set to ease but will remain high. How close is the world to using up the available carbon budget, which cannot be exceeded if global warming is to be contained? A report by the International Energy Agency. Ensuring adequate energy supply to sustain economic growth has been a core concern of the Chinese government since 1949. A report by the International Energy Agency. World Energy Transitions Outlook 2022: 1.5C Pathway See also #press releases; #articles; #expert insights; IRENA Statement on the Decision to Postpone the West Africa Investment Forum / 6th IOREC in Abuja, Nigeria 28 October 2022 Press Releases. Higher energy prices will lower real incomes, raise production costs, tighten financial conditions, and constrain macroeconomic policy especially in energy-importing countries. The total FY2022 defense budget request, including the Department of Energy, is $753 billion, up $12 billion from FY2021's budget request. Projections have been upgraded on account of the strong performance recorded during 2022, with growth projected to reach 8.8 percent by the end of the year. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. The future could be different. In addition, we are also providing a WEO-2022 Free Dataset that includes global data for all three modelled scenarios (STEPS, APS, NZE) and selected data for key regions and countries. Notes: The chart shows the cost of oil, gas and coal consumption in the European Union and U.S. as a share of GDP. World Energy Outlook 2020 - Analysis and key findings. Spending more on energy Energy burden as a share of GDP, 1970-2022 Sources: BlackRock Investment Institute and BP Statistical Review of World Energy 2021, with data from Haver Analytics, March 2022. This Chief Economists Outlook explores many of the key forces currently driving the global economy and roiling the lives of people and businesses across the world. In addition, we are also providing a WEO-2022 Free Dataset that includes global data for all three modelled scenarios (STEPS, APS, NZE) and selected data for key regions and countries. However, from 2010 to 2015 China reduced energy consumption per unit of GDP by 18%, and CO 2 emissions per unit of GDP by 20%. UNITED NATIONS (AP) The U.N. Mideast envoy said 2022 is on course to be the deadliest year for Palestinians in the West Bank since the U.N. started tracking fatalities in 2005, and he called for immediate action to calm an explosive situation and move toward renewing Israeli-Palestinian negotiations. 2022-2023 Winter Fuels Outlook Oct-2022: PDF: Weather Sensitivity in Natural Gas Markets Oct-2014: PDF: Energy-weighted industrial production indices Mar-2014: PDF: Change in STEO Regional and U.S. These include inflation and the cost-of-living crisis, food and energy security, monetary policy, labour market disruption, sovereign and corporate debt dynamics and increasing global fragmentation. By laying out a map for the next eight years, World Energy Transitions Outlook 2022 enables policy makers to stay on the path to 2050. March 9, 2022; EIA expects U.S. natural gas production to rise as demand for exports grow; March 3, 2022; The Bipartisan Infrastructure and Jobs Act in the Annual Energy Outlook 2022; March 3, 2022; Press release; March 3, 2022; EIA projects U.S. energy consumption will grow through 2050, driven by economic growth 2022-2023 Winter Fuels Outlook Oct-2022: PDF: Uncertainties in the Short-Term Global Petroleum and Other Liquids Supply Forecast Feb-2014: PDF: Key drivers for EIA's short-term U.S. crude oil production outlook Feb-2013: PDF: Probabilities of Possible Future Prices Apr-2010: PDF: Energy Price Volatility and Forecast Uncertainty Oct-2009: PDF Headline inflation is projected to peak in the current quarter in most major economies, but is expected ease in Q4 2022 and through 2023 in most G20 countries. 2022-2023 Winter Fuels Outlook Oct-2022: PDF: Weather Sensitivity in Natural Gas Markets Oct-2014: PDF: Energy-weighted industrial production indices Mar-2014: PDF: Change in STEO Regional and U.S. It is guided by IRENAs World Energy Transitions Outlook and details a comprehensive pathway for the development of a sustainable and cleaner regional energy system. Meanwhile, public expenditures grew by 9.3 percent (y-o-y) in nominal terms during the first half of 2022 (a reduction in real terms). World Energy Transitions Outlook 2022: 1.5C Pathway See also #press releases; #articles; #expert insights; IRENA Statement on the Decision to Postpone the West Africa Investment Forum / 6th IOREC in Abuja, Nigeria 28 October 2022 Press Releases. In addition, we are also providing a WEO-2022 Free Dataset that includes global data for all three modelled scenarios (STEPS, APS, NZE) and selected data for key regions and countries. World Energy Outlook 2022 Extended Dataset. The future could be different. The full World Energy Outlook 2022 report (PDF) is provided free of charge. Growth in advanced economies is projected to sharply decelerate from 5.1 percent in 2021 to 2.6 percent in 20221.2 percentage point below projections in January. By laying out a map for the next eight years, World Energy Transitions Outlook 2022 enables policy makers to stay on the path to 2050. World Energy Outlook 2021 - Analysis and key findings. Degree Day Calculations Sep-2012: PDF: 2012 Outlook for Hurricane-Related Production Outages in the Gulf of Mexico Jun-2012: PDF The Africa Energy Outlook 2022 is a new special report from the International Energy Agencys World Energy Outlook series. Ensuring adequate energy supply to sustain economic growth has been a core concern of the Chinese government since 1949. Economic Outlook . Growth in advanced economies is projected to sharply decelerate from 5.1 percent in 2021 to 2.6 percent in 20221.2 percentage point below projections in January. It is guided by IRENAs World Energy Transitions Outlook and details a comprehensive pathway for the development of a sustainable and cleaner regional energy system. Reducing the use of scarce metals and recycling them will be key to the worlds transition to electric vehicles. The share of gas in the energy mix is around 5%, the lowest in the world. Higher energy prices will lower real incomes, raise production costs, tighten financial conditions, and constrain macroeconomic policy especially in energy-importing countries. In May 2021, the President's defense budget request for fiscal year 2022 (FY2022) is $715 billion, up $10 billion, from FY2021's $705 billion. Skip navigation World Energy Investment report provides a full update on the investment picture in 2021 and full-year estimates of the outlook for 2022. Budget for FY2022. The Africa Energy Outlook 2022 is a new special report from the International Energy Agencys World Energy Outlook series. World Energy Outlook 2022 Extended Dataset. In addition, we are also providing a WEO-2022 Free Dataset that includes global data for all three modelled scenarios (STEPS, APS, NZE) and selected data for key regions and countries. Four large-scale shifts in the global energy system set the scene for the World Energy Outlook 2017: the rapid deployment and falling costs of clean energy technologies, the growing electrification of energy, the shift to a more services-oriented economy and a cleaner energy mix in China, and the resilience of shale gas and tight oil in the United States. Budget for FY2022. The Outlook projects efficiency gains that reduce energy use per capita in developed countries, whereas developing nations increase energy per capita in pursuit of improved living standards. World Energy Investment 2022 - Analysis and key findings. Skip navigation. This Chief Economists Outlook explores many of the key forces currently driving the global economy and roiling the lives of people and businesses across the world. The future could be different. Spending more on energy Energy burden as a share of GDP, 1970-2022 Sources: BlackRock Investment Institute and BP Statistical Review of World Energy 2021, with data from Haver Analytics, March 2022. A Roadmap for the Global Energy Sector. The World Economic Forum is an independent international organization committed to improving the state of the world by engaging business, political, academic and other leaders of society to shape global, regional and industry agendas. Sales of electric cars topped 2.1 million globally in 2019, surpassing 2018 already a record year to boost the stock to 7.2 million electric cars.1 Electric cars, which accounted for 2.6% of global car sales and about 1% of global car stock in 2019, registered a 40% year-on-year increase. Headline inflation is projected to peak in the current quarter in most major economies, but is expected ease in Q4 2022 and through 2023 in most G20 countries. The full World Energy Outlook 2022 report (PDF) is provided free of charge. It explores pathways for Africas energy system to evolve toward achieving all African development goals, including universal access to modern and affordable energy services by 2030 and nationally determined contributions. The overall budget deficit, on a four-quarter rolling basis, shrank from 3.8 percent at end-2020 to around 1 percent in the third quarter of 2021.High oil and gas revenues meant the CBR purchased $35 billion of foreign exchange on behalf of the government during January to November 2021, to be channeled to the National Wealth Fund in 2022. U.S. coal companies by capacity of retirements 2018-2024; U.S. renewable power exceeding coal power 2019 & 2020; U.S. capacity of coal facility retirements 2010-2025 Sales of electric cars topped 2.1 million globally in 2019, surpassing 2018 already a record year to boost the stock to 7.2 million electric cars.1 Electric cars, which accounted for 2.6% of global car sales and about 1% of global car stock in 2019, registered a 40% year-on-year increase. The Executive Summary is also available in in Arabic (), Chinese (), French (), German (), Italian (), Japanese (), Portuguese (), Russian () and Spanish ().. The Outlook projects efficiency gains that reduce energy use per capita in developed countries, whereas developing nations increase energy per capita in pursuit of improved living standards. In addition, we are also providing a WEO-2022 Free Dataset that includes global data for all three modelled scenarios (STEPS, APS, NZE) and selected data for key regions and countries.