ALBERT

Description / Table of Contents: Energy Technology Perspectives (ETP) is the International Energy Agency’s most ambitious publication on new developments in energy technology. It demonstrates how technologies – from electric vehicles to smart grids – can make a decisive difference in achieving the objective of limiting the global temperature rise to 2°C and enhancing energy security. ETP 2012 presents scenarios and strategies to 2050, with the aim of guiding decision makers on energy trends and what needs to be done to build a clean, secure and competitive energy future. ETP 2012 shows: • Current progress on clean energy deployment, and what can be done to accelerate it • How energy security and low carbon energy are linked • How energy systems will become more complex in the future, why systems integration is beneficial and how it can be achieved • How demand for heating and cooling will evolve dramatically and which solutions will satisfy it • Why flexible electricity systems are increasingly important, and how a system with smarter grids, energy storage and flexible generation can work • Why hydrogen could play a big role in the energy system of the future • Why fossil fuels will not disappear but will see their roles change, and what it means for the energy system as a whole • What is needed to realise the potential of carbon capture and storage (CCS) • Whether available technologies can allow the world to have zero energy related emissions by 2075 – which seems a necessary condition for the world to meet the 2°C target

Description / Table of Contents: Since 2005, the OECD and IEA have been examining the possibility to expand international carbon markets by granting broader access to developing countries. This note summarises key elements in this area, drawing on earlier publications done under the aegis of the Annex I Expert Group on the UNFCCC (AIXG).

Description / Table of Contents: Electricity use is growing worldwide, providing a range of energy services: lighting, heating and cooling, specific industrial uses, entertainment, information technologies, and mobility. Because its generation remains largely based on fossil fuels, electricity is also the largest and the fastest-growing source of energy-related CO2 emissions, the primary cause of human-induced climate change. Forecasts from the IEA and others show that “decarbonising” electricity and enhancing end-use efficiency can make major contributions to the fight against climate change. Global and regional trends on electricity supply and demand indicate the magnitude of the decarbonisation challenge ahead. As climate concerns become an essential component of energy policy-making, the generation and use of electricity will be subject to increasingly strong policy actions by governments to reduce their associated CO2 emissions. Despite these actions, and despite very rapid growth in renewable energy generation, significant technology and policy challenges remain if this unprecedented essential transition is to be achieved. The IEA Climate and Electricity Annual 2011 provides an authoritative resource on progress to date in this area, with statistics related to CO2 and the electricity sector across ten regions of the world. It also presents topical analyses on meeting the challenge of rapidly curbing CO2 emissions from electricity, from both a policy and technology perspective.

Description / Table of Contents: Special early excerpt of the World Energy Outlook 2010 for the United Nations General Assembly on the Millenium Development Goals.

Description / Table of Contents: This paper discusses coal mine methane emissions (CMM) in the Russian Federation and the potential for their productive utilisation. It highlights specific opportunities for cost-effective reductions of CMM from oil and natural gas facilities, coal mines and landfills, with the aim of improving knowledge about effective policy approaches.

Description / Table of Contents: The International Energy Agency (IEA) considers carbon capture and storage (CCS) a crucial part of worldwide efforts to limit global warming by reducing greenhouse-gas emissions. The IEA estimates that emissions can be reduced to a level consistent with a 2°C global temperature increase through the broad deployment of low-carbon energy technologies – and that CCS would contribute about one-fifth of emission reductions in this scenario. Achieving this level of deployment will require that regulatory frameworks – or rather a lack thereof – do not unnecessarily impede environmentally safe demonstration and deployment of CCS, so in October 2010 the IEA launched the IEA Carbon Capture and Storage Legal and Regulatory Review. The CCS Review is a regular review of CCS regulatory progress worldwide. Produced annually, it collates contributions by national and regional governments, as well as leading organisations engaged in CCS regulatory activities, to provide a knowledge-sharing forum to support CCS framework development. Each two page contribution provides a short summary of recent and anticipated CCS regulatory developments and highlights a particular, pre-nominated regulatory theme. To introduce each edition, the IEA provides a brief analysis of key advances and trends, based on the contributions submitted. The theme for this third edition is stakeholder engagement in the development of CO2 storage projects. Other issues addressed include: regulating CO2-EOR, CCS and CO2-EOR for storage; CCS incentive policy; key, substantive issues being addressed by jurisdictions taking steps to finalise CCS regulatory framework development; and CCS legal and regulatory developments in the context of the Clean Energy Ministerial Carbon Capture, Use and Storage Action Group.

Description / Table of Contents: The International Energy Agency (IEA) considers carbon capture and storage (CCS) a crucial part of efforts to limit global warming by reducing greenhouse-gas emissions. The IEA estimates that carbon dioxide emissions could be reduced to a level that would limit long‐term global temperature increases to 2°C through broad deployment of low‐carbon energy technologies, including CCS. In the IEA’s Energy Technology Perspectives 2012 2°C Scenario (2DS), CCS contributes about one‐seventh of cumulative emissions reductions from a business‐as-usual scenario through 2050. Achieving this contribution requires appropriate policy frameworks to both promote demonstration and deployment of CCS and ensure it is undertaken in a safe and environmentally responsible manner. The IEA Carbon Capture and Storage Legal and Regulatory Review aims to help countries develop their own regulatory frameworks by documenting and analysing recent CCS legal and regulatory developments from around the world. It was first published in 2010, and a new edition is released annually to provide an up‐to‐date snapshot of global CCS regulatory developments. Each edition includes short contributions from national, regional, state and provincial governments that review recent and anticipated CCS regulatory developments and highlight a particular, pre-nominated regulatory theme. To introduce each edition, the IEA provides a brief analysis of key advances and trends, based on the contributions submitted. The theme for this fourth edition of the CCS Review is policy measures to promote CCS demonstration and deployment. Other issues that have been highlighted include storage assessment and the Alberta Regulator Framework Assessment (RFA) process. Contributions from 22 governments and 6 international CCS organisations are presented in the fourth edition.

Description / Table of Contents: Climate change is a major challenge. Secure, reliable and affordable energy supplies are needed for economic growth, but increases in the associated carbon dioxide (CO2) emissions are the cause of major concern. About 69% of all CO2 emissions, and 60% of all greenhouse gas emissions, are energy-related. Recent IEA analysis in Energy Technology Perspectives 2008 (ETP) projects that the CO2 emissions attributable to the energy sector will increase by 130% by 2050 in the absence of new policies or supply constraints, largely as a result of increased fossil fuel usage. The 2007 Intergovernmental Panel on Climate Change (IPCC) 4th Assessment Report indicates that such a rise in emissions could lead to a temperature increase in the range of 4-7°C, with major impacts on the environment and human activity. It is widely agreed that a halving of energy-related CO2 emissions is needed by 2050 to limit the expected temperature increase to less than 3 degrees. To achieve this will take an energy technology revolution involving increased energy effi ciency, increased renewable energies and nuclear power, and the decarbonisation of power generation from fossil fuels. The only technology available to mitigate greenhouse gas (GHG) emissions from large-scale fossil fuel usage is CO2 capture and storage (CCS). The ETP scenarios demonstrate that CCS will need to contribute nearly one-fi fth of the necessary emissions reductions to reduce global GHG emissions by 50% by 2050 at a reasonable cost. CCS is therefore essential to the achievement of deep emission cuts. Most of the major world economies recognise this, and have CCS technology development programmes designed to achieve commercial deployment. In fact, at the 2008 Hokkaido Toyako summit, the G8 countries endorsed the IEA’s recommendation that 20 large-scale CCS demonstration projects need to be committed by 2010, with a view to beginning broad deployment by 2020. Ministers specifi cally asked for an assessment by the IEA in 2010 of the implementation of these recommendations, as well as an assessment of progress towards accelerated deployment and commercialisation. Current spending and activity levels are nowhere near enough to achieve these deployment goals. CCS technology demonstration has been held back for a number of reasons. In particular, CCS technology costs have increased signifi cantly in the last 5 years. In the absence of suitable fi nancial mechanisms to support CCS, including signifi cant public and private funding for nearterm demonstrations and longer-term integration of CCS into GHG regulatory and incentive schemes, high costs have precluded the initiation of large-scale CCS projects. The regulatory framework necessary to support CCS projects also needs to be further developed. Despite important progress, especially in relation to international marine protection treaties, no country has yet developed the comprehensive, detailed legal and regulatory framework that is necessary effectively to govern the use of CCS. CCS is also poorly understood by the general public. As a result, there is a general lack of public support for CCS as compared to several other GHG mitigation options. This report attempts to address some of these issues by collecting the best global information about the cost and performance of CO2 capture, transport and storage technologies throughout the CCS project chain. Chapters 1-4 contain this information, and use it to conduct a scenario analysis of the role of CCS in climate change mitigation. Chapter 5 discusses the fi nancial incentive mechanisms that governments can use to provide both short- and long-term incentives for CCS. This chapter also contains an expansion and update of the 2007 IEA publication Legal Aspects of CO2 Storage: Updates and Recommendations and examines the current state of public awareness and acceptance of the relevant technologies. Chapter 6 includes a review of the status of CCS policies, research and demonstration programmes, and CO2 storage prospects for several regions and countries. Chapter 7 concludes with a proposed CCS roadmap that includes the necessary technical, political, fi nancial and international collaboration activities to enable CCS to make the contribution it needs to make to global GHG mitigation in the coming decades.

Description / Table of Contents: Oil and gas markets have been marked by an increased divergence in recent months. On the one hand, oil market developments have generated an unpleasant sense of déja vu: rapid demand growth in emerging markets eclipsed sluggish supply growth to push prices higher even before the conflict in Libya tightened supplies still further. Oil prices around $100/bbl are weighing down on an already-fragile macroeconomic and financial situation in the OECD, pressuring national budgets in the non-OECD and causing price inflation of other commodities, as well as political concerns about speculation. There is an uncanny resemblance to the first half of 2008. On the other hand, in the world of natural gas an amazing disconnect has developed as demand recovered to well above pre-financial-crisis levels in most major regions. Gas markets have tightened in Europe and Asia, where prices are about twice the level seen in the United States, as the unconventional gas revolution is in full swing. From the upstream implications of the Arab Spring to the macroeconomic consequences of the eurozone crisis, energy markets are experiencing one of the most uncertain periods in decades. Medium-Term Oil and Gas Markets 2011 provides a comprehensive outlook for oil and gas fundamentals through 2016. The oil market analysis covers demand developments on a product-by-product and key-sector basis, as well as a detailed bottom-up assessment of upstream and refinery investments, trade flows, oil products supply and OPEC spare capacity. The gas market analysis offers a region-by-region assessment of demand and production, infrastructure investment, price developments and prospects for unconventional gas. It also examines the globalising LNG trade.

Description / Table of Contents: Timely and effective deployment of demand response could greatly increase power system flexibility, electricity security and market efficiency. Considerable progress has been made in recent years to harness demand response. However, most of this potential remains to be developed. The paper draws from IEA experience to identify barriers to demand response, and possible enablers that can encourage more timely and effective demand response including cost reflective pricing, retail market reform, and improved load control and metering equipment. Governments have a key role to play in developing and implementing the policy, legal, regulatory and market frameworks needed to empower customer choice and accelerate the development and deployment of cost-effective demand response.