ALBERT

Description / Table of Contents: Successful deployment of carbon capture and storage (CCS) is critically dependent on comprehensive policy support. While policy plays an important role in the deployment of many low-carbon technologies, it is especially crucial for CCS. This is because, in contrast to renewable energy or applications of energy efficiency, CCS generates no revenue, nor other market benefits, so long as there is no price on CO2 emissions. It is both costly to install and, once in place, has increased operating costs. Effective, well-designed policy support is essential in overcoming these barriers and the subsequent deployment of CCS technology. This guide for policy makers aims to assist those involved in designing national and international policies around CCS. It covers development of CCS from its early stages through to wide-scale deployment of the technology. The focus is both on incentives for conventional fossil-fuel CCS and for bioenergy with CCS (BECCS).

Description / Table of Contents: In the lead-up to the UN climate negotiations in Lima, the latest information on the level and growth of CO2 emissions, their source and geographic distribution will be essential to lay the foundation for a global agreement. To provide input to and support for the UN process, the IEA is making available for free download the "Highlights" version of CO2 Emissions from Fuel Combustion now on sale at the IEA Bookshop. This annual publication contains, for more than 140 countries and regions: • estimates of CO2 emissions from 1971 to 2012 • selected indicators such as CO2/GDP, CO2/capita and CO2/TPES • a decomposition of CO2 emissions into driving factors • CO2 emissions from international marine and aviation bunkers, key sources, and other relevant information. The twentieth session of the Conference of the Parties to the Climate Change Convention (COP 20), in conjunction with the tenth meeting of the Parties to the Kyoto Protocol (CMP 10), will be meeting in Lima, Peru from 1-12 December 2014. This volume of "Highlights", drawn from the full-scale study, was specially designed for delegations and observers of the meeting in Lima.

Description / Table of Contents: Questions about the reliability, affordability and sustainability of our energy future often boil down to questions about investment. But are investors ready to commit capital in a fast-changing energy world? This complimentary special report in the World Energy Outlook series takes up this question in a full and comprehensive update of the energy investment picture to 2035 – a first full update since the 2003 World Energy Investment Outlook. With benchmark data on past investment trends and updated projections for investment at regional and global level, the report provides insights into: the structure of ownership and models for financing investment in different parts of the energy sector; the continued importance of oil investment in the Middle East to meet demand, and the consequences of delay in such investment; the dynamics and costs of LNG investment and how this can shape the future of global gas supply; where investment in the power sector might fall short of what is required, with important findings on the reliability of electricity supply in Europe and in India; the outlook for investment in low-carbon technologies, including renewables, and energy efficiency, and the barriers to their realisation; and how global investment and financing requirements change if governments take stronger action to address climate change.

Description / Table of Contents: Electricity generation from coal is still growing rapidly and energy scenarios from the IEA expect a possible increase from today’s 1 600 GW of coal-fired power plants to over 2 600 GW until 2035. This trend will increase the lock-in of carbon intensive electricity sources, while IEA assessments show that two-thirds of total abatement from all sectors should come from the power sector alone to support a least-cost abatement strategy. Since coal-fired power plants have a fairly long lifetime, and in order to meet climate constraints, there is a need either to apply CCS retrofit to some of today’s installed coal-fired power plants once the technology becomes available. Another option would be to retire some plants before the end of their lifetime. This working paper discusses criteria relevant to differentiating between the technical, cost-effective and realistic potential for CCS retrofit. The paper then discusses today’s coal-fired power plant fleet from a statistical perspective, by looking at age, size and the expected performance of today’s plant across several countries. The working paper also highlights the growing demand for applying CCS retrofitting to the coal-fired power plant fleet of the future. In doing so this paper aims at emphasising the need for policy makers, innovators and power plant operators to quickly complete the development of the CCS technology and to identify key countries where retrofit applications will have the biggest extent and impact.

Description / Table of Contents: Global gas markets may be at the threshold of a new age. An unprecedented gap between regional gas prices has triggered fundamental changes for future global gas market dynamics. This price gap comes at a time when the industry is expanding liquefied natural gas (LNG) export capacity by one-third, with most of this capacity targeting the Asian market. Not only is the demand for gas growing quickly in Asia, but high prices make this region the preferred destination for LNG sellers. It would be a mistake, however, to expect such a situation to continue unchanged. Growth will depend on whether countries can afford more expensive gas, its competitiveness against other fuels, and the price level that could trigger an increase in unconventional gas production. The high prices in Asia have been a result of the close link to oil prices in global LNG markets. This model might see some cracks as a greater quantity of new supplies offer a Henry Hub price with destination flexibility. A regional hub pricing signal in Asia is lacking, but market reforms do show first signs of progress in that direction. That new LNG is being sold on different terms does not mean the end of oil indexation over the medium term, and a mix of oil, Henry Hub and Asian hub indexation could be expected to govern contracts over the longer term. In sum, new LNG supplies that are redrawing the global gas map, combined with the Asian demand growth and market reforms, challenge Asia to attract LNG in this globalising market.

Description / Table of Contents: Iraq is already the world’s third largest oil exporter. It has the resources and intention to increase its oil production vastly. Contracts are already in place. Will Iraq’s ambitions be realised? And what would the implications be for Iraq’s economy and for world oil markets? The obstacles are formidable: political, logistical, legal, regulatory, financial, lack of security and sufficient skilled labour. One example: in 2011 grid electricity could meet only 55% of demand. The International Energy Agency has studied these issues with the support and close co-operation of the government of Iraq and many other leading officials, commentators, industry representatives and international experts. This special report, in the World Energy Outlook series, presents the findings.

Description / Table of Contents: With ample recoverable resources, natural gas seems destined for a bright future. It nevertheless faces many challenges to increase its share in the primary energy mix, including insufficient upstream development, inadequate pricing structure, competition from other fuels, and geopolitical issues. The new IEA Medium-Term Gas Market Report reviews how gas markets managed the challenges of 2011, from the consequences of the Fukushima incident to the unrest in the Middle East and North Africa to a further deteriorating economy. It gives detailed gas supply, demand and trade forecasts up to 2017, by region as well as for key countries, while investigating many of today’s crucial questions: - Will regional gas markets diverge further or will the shale gas revolution spread worldwide? - Will North America become a significant LNG exporter? - Can China meet its goal of doubling gas consumption in four years? - Will natural gas replace nuclear energy in key OECD member countries? - Can gas finally overtake coal in the US power sector? - Can a spot price emerge in Asia? Amid a fragile economy and widely diverging regional gas prices, the report provides an in-depth look at future changes in trade patterns as markets absorb a second wave of LNG supply. The Medium-Term Gas Market Report tests the upper limit of gas demand in the United States, analyses European gas consumption's struggle to recover, and assesses the potential of new suppliers.

Description / Table of Contents: Unlike many other low-carbon energy sources, nuclear energy is a mature technology that has been in use for more than 50 years. The latest designs for nuclear power plants build on this experience to offer enhanced safety and performance, and are ready for wider deployment. Nuclear power will be an important contributor to a low carbon power mix and can play a significant role in achieving both enhanced energy security and combating climate change. The IEA/NEA Nuclear Energy Technology Roadmap (2010) identified major barriers, opportunities, and policy measures for policy makers and industry and financial partners to accelerate RDD&D efforts for various nuclear technologies on both a national and international level.

Description / Table of Contents: In the April 2010 Oil Market Report (OMR), the IEA included a supplementary report on the prospects to 2015 for the supply of natural gas liquids (NGLs), especially in light of new developments in natural gas production. At a time when economic, regulatory and geopolitical uncertainties are stretching lead times for expanding global crude oil supply, rising NGL and condensate availability can act as a pressure valve for the global oil market. Frequently overlooked as a component of production growth, nonetheless IEA estimates see up to 60% of expected oil supply increases through mid-decade deriving from NGLs. This timely report tries to present a clear view of the component parts of the NGL value chain, highlights optimal gas and NGL development strategies and presents detailed country and region specific forecasts for NGL supply through 2015.

Description / Table of Contents: Electric vehicles (EVs) hold the potential of transforming the way the world moves. EVs can increase energy security by diversifying the fuel mix and decreasing dependence on petroleum, while also reducing emissions of greenhouse gases and other pollutants. Just as important, EVs can unlock innovation and create new advanced industries that spur job growth and enhance economic prosperity. However, the mass deployment of EVs will require transportation systems capable of integrating and fostering this new technology. To accelerate this transition, cities and metropolitan regions around the world are creating EV-friendly ecosystems and building the foundation for widespread adoption. In recognition of the importance of urban areas in the introduction and scale-up of electric vehicles, the EV City Casebook presents informative case studies on city and regional EV deployment efforts around the world. These case studies are illustrative examples of how pioneering cities are preparing the ground for mass market EV deployment. They offer both qualitative and quantitative information on cities’ EV goals, progress, policies, incentives, and lessons learned to date. The purpose of the EV City Casebook is to share experiences on EV demonstration and deployment, identify challenges and opportunities, and highlight best practices for creating thriving EV ecosystems. These studies seek to enhance understanding of the most effective policy measures to foster the uptake of electric vehicles in urban areas. The cities represented here are actively engaging in a variety of initiatives that share the goal of accelerating EV adoption. This publication is the result of an effort to coordinate those initiatives and provide a global perspective on the electric vehicle movement. This international knowledge-sharing network consists of the Electric Vehicles Initiative (EVI), a multi-government initiative of the Clean Energy Ministerial; Project Get Ready, a Rocky Mountain Institute (RMI) initiative; and the International Energy Agency’s Implementing Agreement for Cooperation on Hybrid and Electric Vehicle Technologies and Programmes (HEV IA); with the support of the C40 Cities in partnership with the Clinton Climate Initiative (CCI). In addition, these organizations are collaborating to launch the World EV Cities and Ecosystems web portal, for which the EV City Casebook will provide initial content. This firstof-its-kind website captures EV deployment progress in cities worldwide and will serve as a central hub for harmonizing efforts, leveraging existing resources and participants, and disseminating best EV deployment practices to global stakeholders. By working together and sharing knowledge, cities from diverse regions and countries will realize the benefits of electric mobility and achieve a sustainable energy future.