ALBERT

Description / Table of Contents: This year's edition of this key source for global energy statistics, projections and analysis focuses on trends and developments in the major oil and gas producing countries of the Middle East and North Africa (MENA) region, in order to assess whether energy production from this region will increase sufficiently to satisfy global demand. In addition to providing updated projections of world energy demand and supply to 2030, the publication analyses regional trends for oil, natural gas, electricity and water desalination with dedicated chapters on Algeria, Egypt, Iran, Iraq, Kuwait, Libya, Qatar, Saudi Arabia, and the United Arab Emirates. It also includes a 'deferred investment scenario' setting out an analysis of how global energy markets might evolve in a changed investment situation; an in-depth analysis of the global refining industry; and a review of the MENA power and water desalination sectors.

Description / Table of Contents: Industry and government decision makers and others with a stake in the energy sector all need WEO-2012. It presents authoritative projections of energy trends through to 2035 and insights into what they mean for energy security, environmental sustainability and economic development. Oil, coal, natural gas, renewables and nuclear power are all covered, together with an update on climate change issues. Global energy demand, production, trade, investment and carbon-dioxide emissions are broken down by region or country, by fuel and by sector. Special strategic analyses cover: - What unlocking the purely economic potential for energy efficiency could do, country-by-country and sector-by-sector, for energy markets, the economy and the environment. - The Iraqi energy sector, examining both its importance in satisfying the country’s own needs and its crucial role in meeting global oil and gas demand. - The water-energy nexus, as water resources become increasingly stressed and access more contentious. - Measures of progress towards providing universal access to modern energy services. There are many uncertainties; but many decisions cannot wait. The insights of WEO-2012 are invaluable to those who must shape our energy future.

Description / Table of Contents: The recent surge in energy prices has drawn attention to the availability and security of energy resources, and the prospects for both supply and prices. This book contains a detailed analysis of the trends in global energy production and supply, with the focus on primary energy. It considers the main factors driving energy production and distribution, including: the cost of developing resources and bringing them to market; energy pricing; and the impact of government policies. The study's central finding is that reserves of oil, gas, coal and uranium are more than adequate to meet projected demand growth at least until 2020. However, massive investment in energy production and transportation infrastructure will be needed to exploit these reserves. Beyond 2020, new technologies such as hydrogen-based fuel cells, clean coal burning and carbon sequestration hold out the prospect of abundant and clean energy supplies in a world largely free of climate-destabilising carbon emissions.

Description / Table of Contents: This publication examines global energy trends and sets out projections for supply and demand of oil, gas, coal and power sectors. It then goes on to present an alternative policy scenario which considers the energy challenges we need to address to secure a sustainable energy future, identifies priority areas for action and key instruments, and measures both the costs and cost-effectiveness of alternative policies. Other issues discussed include: the impact of higher energy prices, current trends in oil and gas investment, the prospects for nuclear power, the outlook for biofuels, energy for cooking in developing countries, and an in-depth study of the energy sector in Brazil.

Description / Table of Contents: As demonstrated by the March 2011 earthquake and tsunami-triggered blackouts in Japan, electricity shortfalls can happen anytime and anywhere. Countries can minimise the negative economic, social and environmental impacts of such electricity shortfalls by developing emergency energy-saving strategies before a crisis occurs. This new IEA report Saving Electricity in a Hurry: Update 2011 highlights preliminary findings and conclusions from electricity shortfalls in Japan, the United States, New Zealand, South Africa and Chile. It draws on recent analysis to: - reinforce well-established guidelines on diagnosing electricity shortfalls, identifying energy-saving opportunities and selecting a package of energy-saving measures; and - highlight proven practice for implementing emergency energy-saving programmes. This paper will be valuable to government, academic, private-sector and civil-society stakeholders who inform, develop and implement electricity policy in general, and emergency energy-saving programmes in particular.

Description / Table of Contents: Increased focus has been placed on the issues of energy access and energy poverty over the last number of years, most notably indicated by the United Nations (UN) declaring 2012 as the “International Year of Sustainable Energy for All”. Although attention in these topics has increased, incorrect assumptions and misunderstandings still arise in both the literature and dialogues. Access to energy does not only include electricity, does not only include cook stoves, but must include access to all types of energy that form the overall energy system. This paper chooses to examine this energy system using a typology that breaks it into 3 primary energy subsystems: heat energy, electricity and transportation. Describing the global energy system using these three subsystems provides a way to articulate the differences and similarities for each system’s required investments needs by the private and public sectors.

Description / Table of Contents: The IEA’s Smart Grids Technology Roadmap identified five global trends that could be effectively addressed by deploying smart grids. These are: increasing peak load (the maximum power that the grid delivers during peak hours), rising electricity consumption, electrification of transport, deployment of variable generation technologies (e.g. wind and solar PV) and ageing infrastructure. Along with this roadmap, a new working paper – Impact of Smart Grid Technologies on Peak Load to 2050 – develops a methodology to estimate the evolution of peak load until 2050. It also analyses the impact of smart grid technologies in reducing peak load for four key regions; OECD North America, OECD Europe, OECD Pacific and China. This working paper is a first IEA effort in an evolving modelling process of smart grids that is considering demand response in residential and commercial sectors as well as the integration of electric vehicles.

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.

Description / Table of Contents: Brazil, China, India and South Africa have each worked to improve access to electricity services. While many of the challenges faced by these countries are similar, the means of addressing them varied in their application and effectiveness. This report analyses the four country profiles, determining the pre-requisites to successful rural electrification policies.

Description / Table of Contents: The report, released at the COGEN Europe meeting in Brussels on 21 April 2009, provides “best practice” policy approaches used by different countries to expand CHP and district energy use. The report follows the 2008 IEA CHP study as part of the IEA International CHP Collaborative effort.

Description / Table of Contents: The IEA is undertaking a strategic inititive to improve global energy data and analysis by better incorporating energy sector methane emissions and recovery opportunities. The ultimate goal of this effort is to expand opportunities for cost-effective methane reductions from oil and natural gas facilities, landfills, and coal mines. Methane (CH4) is a hydrocarbon that is the primary component of natural gas. It is also a potent greenhouse gas(GHG), meaning that its presence in the atmosphere affects the earth’s temperature and climate system. As a result, efforts to reduce methane emissions by using methane for energy production can yield environmental, economic, and energy benefits.

Description / Table of Contents: This paper provides the latest developments of announced, proposed and existing greenhouse gas emissions trading schemes (ETS) around the world since 2006. It also examines different potential design options for ETS (e.g. coverage, allocation mode, provision for offsets), and how these options are treated in the existing, announced or proposed schemes.

Description / Table of Contents: The ideas expressed in this paper are those of the author and do not necessarily represent views of the OECD, the IEA, or their member countries, or the endorsement of any approach described herein.

Description / Table of Contents: CDM

Description / Table of Contents: At the Gleneagles Summit in July 2005, the G8 heads of state asked the International Energy Agency (IEA) to identify measures to map out the path to a “clean, clever and competitive energy future.” This request came in recognition of the Agency’s strengths and offered the opportunity to draw on its existing expertise and programmes. We responded with a broad array of initiatives to develop strategies to mitigate climate change, secure clean energy and achieve sustainable development.

Description / Table of Contents: What impact will the return of high energy prices have on the fragile economic recovery? Will geopolitical unrest, price volatility and policy inaction defer investment in the oil sector and amplify risks to our energy security? What will renewed uncertainty surrounding the role of nuclear power mean for future energy and environmental trends? Is the gap between our climate actions and our climate goals becoming insurmountable? World Energy Outlook 2011 tackles these and other pressing questions. The latest data, policy developments, and the experience of another turbulent year are brought together to provide robust analysis and insight into global energy markets. WEO-2011 once again gives detailed energy demand and supply projections out to 2035, broken down by region, fuel, sector and scenario.

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: Natural gas is poised to enter a golden age, but this future hinges critically on the successful development of the world’s vast unconventional gas resources. North American experience shows unconventional gas - notably shale gas - can be exploited economically. Many countries are lining up to emulate this success. But some governments are hesitant, or even actively opposed. They are responding to public concerns that production might involve unacceptable environmental and social damage. This report, in the World Energy Outlook series, treats these aspirations and anxieties with equal seriousness. It features two new cases: a Golden Rules Case, in which the highest practicable standards are adopted, gaining industry a "social licence to operate"; and its counterpart, in which the tide turns against unconventional gas as constraints prove too difficult to overcome.

Description / Table of Contents: This paper has been produced as part of the work programme in support of the Gleneagles Plan of Action (GPOA), where the IEA was requested to “undertake a study to review existing global appliance standards and codes”. In accordance with the G8 request, this study investigates the coverage and impact of forms of minimum energy performance standards (MEPS) and comparative energy labelling programmes; which comprise the cornerstone of most IEA countries national energy efficiency strategy. This scope also reflects governments’ aspirations to achieve ambitious targets for reducing greenhouse gas emissions. As a result, this study does not address endorsement labelling and associated voluntary programmes, although these are also important policy tools for national energy efficiency strategies.

Description / Table of Contents: Existing buildings require over 40% of the world’s total final energy consumption, and account for 24% of world CO2 emissions (IEA, 2006a). Much of this consumption could be avoided through improved efficiency of building energy systems (IEA, 2006a) using current, commercially-viable technology. In most cases, these technologies make economic sense on a life-cycle cost analysis (IEA, 2006b). Moreover, to the extent that they reduce dependence on risk-prone fossil energy sources, energy efficient technologies also address concerns of energy security.

Description / Table of Contents: Addressing climate change requires nothing short of an energy revolution. Electricity, mostly generated from fossil fuels, is at the core of this challenge, accounting for more than 40 % of global energy-related CO2 emissions. This issue is most pressing for developing countries where growth in power demand is particularly high, fueling the risk of irreversible investment in CO2-intensive capacity, the so-called “carbon lock-in”. Addressing climate change requires nothing short of an energy revolution. Electricity, mostly generated from fossil fuels, is at the core of this challenge, accounting for more than 40 % of global energy-related CO2 emissions. This issue is most pressing for developing countries where growth in power demand is particularly high, fueling the risk of irreversible investment in CO2-intensive capacity, the so-called “carbon lock-in”. Sectoral Approaches in Electricity – Building Bridges to a Safe Climate shows how the international climate policy framework could effectively support a transition towards low-CO2 electricity systems in developing countries. Sectoral approaches are intended to address sectors that require urgent actions, without waiting for countries to take nation-wide commitments. Once built, power generation capacity lasts for decades. Investing massively in CO2-intensive technologies to meet surging electricity demand will either make it impossible or overly costly to stabilise CO2 concentrations at sustainable levels. The technology mix needed to avoid such a development is clear: higher generation efficiency, CO2 capture and storage, nuclear and renewables. Earlier IEA publications have extensively reviewed developed countries’ efforts to steer generation away from carbon-intensive production modes, from dedicated support to low-carbon technologies to, increasingly, the reliance on CO2 pricing via emissions trading. Following the same logic, there are proposals seeking to use the international carbon market to drive changes at sectoral level in developing countries. This publication illustrates the pros and cons of such an approach in a few key emerging economies. It also asks how international climate policy could support and enhance ongoing efforts on end-use energy efficiency - an essential piece of the climate change/electricity puzzle.

Description / Table of Contents: This paper examines what “sustainable development policies and measures” (SD-PAMs) could be, and how they could be implemented and could fit into a post-2012 climate regime. This paper assumes that the option to implement SD-PAMs instead of quantified GHG emission commitments post-2012 is an option that would be likely to be only open to non-Annex I countries. There are several key, but unanswered, questions related to SD-PAMs. These include policy-related issues such as which countries could take on commitments to implement SD-PAMs (rather than quantified emission commitments)? Why would particular countries decide to take on such commitments? They also include questions related to how SD-PAMs could be implemented. For many other options for possible post-2012 GHG mitigation actions, including by non-Annex I countries, have also been proposed. However, this paper focuses solely on SD-PAMs.

Description / Table of Contents: This paper explores sectoral approaches as a new set of options to enhance the effectiveness of greenhouse gas reduction policies and to engage emerging economies on a lower emission path. It surveys existing literature and recent policy trends in international climate change discussions, and provides an overview of sectoral approaches and related issues for trade-exposed, greenhouse-gas intensive industries (cement, iron and steel and aluminium). It is also based on interviews conducted by the IEA Secretariat in Australia, China, Europe, Japan, and the United States. Sectoral approaches were also discussed during workshops on technology and energy efficiency policies in industry, following the IEA’s mandate under the Gleneagles Plan of Action.

Description / Table of Contents: The aim of this IEA Information Paper is to help policy makers and other stakeholders understand the challenges facing the incorporation of high efficiency combined heat and power (CHP) into greenhouse gas (GHG) Emissions Trading Schemes (ETSs) – and to propose options for overcoming them.

Description / Table of Contents: A key issue for policy makers is how to choose a climate change policy that recognises the uncertainties in the costs and benefits of abatement actions. This paper reviews the economic literature relative to the choice of the economic instruments that could be used to mitigate climate change. Because climate change is driven by the slow build-up of atmospheric concentrations of greenhouse gases, flexible instruments would be more economically efficient than fixed quotas. They may help engage a broader set of countries into a common framework for mitigating climate change, and may facilitate the adoption of relatively more ambitious policies. The certainty of achieving at least some precise levels of emissions would decrease, but the probability of bettering these levels would increase.

Description / Table of Contents: World energy demand will rise by two thirds between now and 2030, and the world economy will falter if these energy supplies are not available. How much investment will be required to satisfy this need and can it be financed is looked into, in an attempt to quantify global energy investment needs, fuel-by-fuel and region-by-region. The global financial system has the capacity to fund the required investment, but are the conditions right? For some sectors and regions, the prospects are good. For others, the outlook is bleak. The total figure which emerges for the required global investment over 30 years is large - $16 trillion, but there are no claims that this will be validated in 30 years time. Policymakers perhaps will have failed if the energy economy has not been reshaped to make it more sustainable. Issues looked at by the World Energy Investment Outlook 2003 are global energy investment needs to 2030, financing global energy investment, as well as specifically oil, natural gas, coal, electricity and advanced technologies.

Description / Table of Contents: Are world oil and gas supplies under threat? How could a new international accord on stabilising greenhouse-gas emissions affect global energy markets? World Energy Outlook 2008 answers these and other burning questions. WEO-2008 draws on the experience of another turbulent year in energy markets to provide new energy projections to 2030, region by region and fuel by fuel. It incorporates the latest data and policies. WEO-2008 focuses on two pressing issues facing the energy sector today: - Prospects for oil and gas production: How much oil and gas exists and how much can be produced? Will investment be adequate? Through field-by-field analysis of production trends at 800 of the world’s largest oilfields, an assessment of the potential for finding and developing new reserves and a bottom-up analysis of upstream costs and investment, WEO-2008 takes a hard look at future global oil and gas supply. - Post-2012 climate scenarios: What emissions limits might emerge from current international negotiations on climate change? What role could cap-and-trade and sectoral approaches play in moving to a low-carbon energy future? Two different scenarios are assessed, one in which the atmospheric concentration of emissions is stabilised at 550 parts per million (ppm) in CO2 equivalent terms and the second at the still more ambitious level of 450 ppm. The implications for energy demand, prices, investment, air pollution and energy security are fully spelt out. This groundbreaking analysis will enable policy makers to distill the key choices as they strive to agree in Copenhagen in 2009 on a post-Kyoto climate framework. With extensive data, detailed projections and in-depth analysis, WEO-2008 provides invaluable insights into the prospects for the global energy market and what they mean for climate change.

Description / Table of Contents: This joint report by the International Energy Agency (IEA) and the OECD Nuclear Energy Agency (NEA) is the seventh in a series of studies on electricity generating costs. It presents the latest data available for a wide variety of fuels and technologies, including coal and gas (with and without carbon capture), nuclear, hydro, onshore and offshore wind, biomass, solar, wave and tidal as well as combined heat and power (CHP). It provides levelised costs of electricity (LCOE) per MWh for almost 200 plants, based on data covering 21 countries (including four major non-OECD countries), and several industrial companies and organisations. For the first time, the report contains an extensive sensitivity analysis of the impact of variations in key parameters such as discount rates, fuel prices and carbon costs on LCOE. Additional issues affecting power generation choices are also examined. The study shows that the cost competitiveness of electricity generating technologies depends on a number of factors which may vary nationally and regionally. Readers will find full details and analyses, supported by over 130 figures and tables, in this report which is expected to constitute a valuable tool for decision makers and researchers concerned with energy policies and climate change.

Description / Table of Contents: The goal of sustainable development is to ensure economic growth today without jeopardising economic development, the social well-being and natural environment of future generations. Energy consumption is closely tied to this goal and plays a key role in determining whether is attainable. As oil, gas and coal still heavily dominate world energy supply, fossil fuels – because of their environmental impact – have been challenged to contribute to a cleaner and sustainable energy future. In 2002, the International Energy Agency Coal Industry Advisory Board issued a position paper at the United Nations World Summit on Sustainable Development that recognised the paramount importance of sustainable development and committed to rally its members to provide evidence of progress towards sustainable development. In this compendium of over fifty case studies, the coal industry demonstrates that practical progress is being made in many areas: communities and people; resource stewardship and environmental impacts; management processes and systems; and along the value chain, in co-operation with customers and suppliers. This publication illustrates that many of the commercial objectives of the coal industry – cost effective achievement of environmental standards, technology research and development, technology transfer and collaboration along the value chain – are also issues that governments can approach positively, in consultation with industry, so that coal is able to have a long-term role in sustainable development.

Description / Table of Contents: Energy-related carbon dioxide (CO2) emissions are set to double by 2050 unless decisive action is taken. International Energy Agency (IEA) analysis demonstrates, however, that it is possible – in the same timeframe to 2050 – to reduce projected greenhouse-gas emissions to half 2005 levels, but this will require an energy technology revolution, involving the aggressive deployment of a portfolio of low-carbon energy technologies.

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 has estimated that the broad deployment of low-carbon energy technologies could reduce projected 2050 emissions to half 2005 levels – and that CCS could contribute about one-fifth of those reductions. Reaching that goal, however, would require around 100 CCS projects to be implemented by 2020 and over 3 000 by 2050.

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) estimates that 100 carbon capture and storage (CCS) projects must be implemented by 2020 and over 3 000 by 2050 if CCS is to fully contribute to the least-cost technology portfolio for CO2 mitigation. To help countries address the many legal and regulatory issues associated with such rapid deployment, the IEA launched the Carbon Capture and Storage Legal and Regulatory Review (CCS Review) in October 2010. The CCS Review gathers contributions by national and regional governments, as well as leading organisations engaged in CCS regulatory activities, to provide a knowledge-sharing forum that supports national-level CCS regulatory development. Each contribution provides a short summary of recent and anticipated developments and highlights a particular regulatory theme (such as financial contributions to long-term stewardship). To introduce each edition, the IEA provides a brief analysis of key advances and trends. Produced bi-annually, the CCS Review provides an up-to-date snapshot of global CCS regulatory developments. The theme for the second edition of the CCS Review, released in May 2011, is long-term liability for stored CO2. Other key issues addressed include: national progress towards implementation of the EU CCS Directive; developments in marine treaties relevant to CCS; international climate change negotiations; and the development process for CCS regulation.

Description / Table of Contents: This working paper evaluates cost and performance trends related to carbon dioxide (CO2) capture from power generation, based on extensive analysis of data from major engineering studies published between 2006 and 2010. Since individual studies use different methodologies and boundary conditions, study estimates for over 50 CO2 capture installations are re-evaluated on a consistent basis and updated to current cost levels. The paper discusses the need for further standardisation of evaluation methodologies and additional data for specific CO2 capture routes. Further analysis for non-OECD countries is considered crucial for global energy scenario models, and for improving the skills and knowledge developing countries need to evaluate the role of CCS in their national energy contexts.

Description / Table of Contents: The purpose of this report is to first present each of these criticisms in what we hope is an accurate manner. We then respond to each criticism based on actual experience with energy efficiency policies, programmes and measures in OECD countries. From this review, we draw conclusions regarding the merits of each criticism. We also make suggestions as to how energy efficiency proponents, analysts and policy makers could improve the design and analysis of future energy efficiency policies and programmes, based on the issues raised by the critics.

Description / Table of Contents: This report explores the vulnerability of heavy industry to carbon leakage and competitiveness loss. It reviews the existing literature on competitiveness and carbon leakage under uneven climate policies. It also suggests a statistical method to track carbon leakage, and applies this methodology to Phase I of the EU emissions trading scheme, for various industrial activities: iron and steel, cement, aluminium and refineries. Finally, it reviews measures to mitigate carbon leakage, as discussed in Australia, Canada, Europe, New Zealand and the US.

Description / Table of Contents: When William Shakepeare wrote Love’s Labour’s Lost he would have used light from tallow candles at a cost (today) of £12,000 per million-lumen hours. The same amount of light from electric lamps now costs only £2! But today’s low-cost illumination still has a dark side. Globally, lighting consumes more electricity than is produced by either hydro or nuclear power and results in CO2 emissions equivalent to two thirds of the world’s cars. A standard incandescent lamp may be much more efficient than a tallow candle, but it is far less efficient than a high-pressure sodium lamp. Were inefficient light sources to be replaced by the equivalent efficient ones, global lighting energy demand would be up to 40% less at a lower overall cost. Larger savings still could be realised through the intelligent use of controls, lighting levels and daylight. But achieving efficient lighting is not just a question of technology; it requires policies to transform current practice. This book documents the broad range of policy measures to stimulate efficient lighting that have already been implemented around the world and suggests new ways these could be strengthened to prevent light’s labour’s from being lost.

Description / Table of Contents: When the incandescent lamp was first commercialised the main mode of transport was the horse, trains were powered by steam, balloons were the only means of flight and the telegraph was the state of the art for long-distance communication. Much has changed in the intervening 127 years, but much has also remained the same. In 1879 the incandescent lamp set a new standard in energy-efficient lighting technology, but today good-quality compact fluorescent lamps need only onequarter of the power to provide the same amount of light. Yet most of us continue to rely on the “horse” of the incandescent lamp instead of the “internal combustion engine” of the compact fluorescent lamp. Nor is this the only way in which lighting energy is being wasted. We illuminate rooms when we’re not there, we over-light spaces, we squander available daylight and we underutilise the most efficient street lighting and non-residential building lighting technologies. This might not matter were it not for the severe challenges we face in securing a clean, sustainable and affordable energy system. Electricity generation is the main source of energy-related greenhouse gas emissions and lighting uses one-fifth of its output. Despite having many higher-efficiency and lower-cost alternatives, we continue to use less efficient and more expensive lighting technologies. Is this because we are inherently attached to these older technologies, or is it simply because we stick to what we know when unaware or unsure of the merits of the alternatives? In each of the main lighting end-use sectors (commercial buildings, households, industrial lighting, outdoor lighting and vehicle lighting), this book shows that not only do more cost-effective and higherefficiency alternative choices exist, but that they could be deployed very quickly were the current market barriers to be addressed. Doing this would allow our economies to be stronger and cleaner without sacrificing anything in our quality of life. Moreover, the policies that can bring about this change have been tested and found to work. What is needed is more comprehensive and vigorous implementation in each economy and lighting sector. This book shows us why and how we should do so.

Description / Table of Contents: Russia is a key energy producer and exporter. IEA co-operation with the Russian Ministry of Energy dates back to the early 1990s; a Memorandum of Understanding was signed in 1994. To date, the co-operation has focused largely on gas supply security, energy efficiency, the investment framework and energy sector transparency. Recent developments in Russia’s energy policy have demonstrated an increased interest in renewable energy sources. This publication is intended to support Russian-IEA co-operation by analyzing the prospects for developing a renewable energy market in Russia. By contributing to the evolving discussions on Russian policy in the sphere of renewable energy, this study supplements the “Russian Energy Survey” released by the IEA in March 2002.

Description / Table of Contents: Coal Mine Methane in China

Description / Table of Contents: This information paper provides policy makers and managers, facing tough energy policy challenges, with a wider perspective of how the same issues are being addressed by different IEA member countries. The topics included are: Government structures for co-ordinating energy and climate policies The use of long-term energy forecasts and scenarios Progress in the delivery of key energy security policies

Description / Table of Contents: Due to the growth of international attention on the problem of climate change combined with the attractiveness of methane mitigation technologies, the capture and use of methane in agriculture, coal mines, landfills, and the oil and gas sector has increasingly become popular over the past few years. Highlighting this, several countries hosted the international “Methane to Market” Partnership Conference and Exposition in October 2007 in Beijing, China.

Description / Table of Contents: Today’s investment decisions in key sectors such as energy, forestry or transport have significant impacts on the levels of greenhouse gas (GHG) emissions over the coming decades. Given the economic and environmental long-term implications of capital investment and retirement, a climate mitigation regime should aim to encourage capital investment in climate-friendly technologies. Many factors affect technology choice and the timing of investment, including investor expectations about future prices and policies. Recent international discussions have focused on the importance of providing more certainty about future climate policy stringency. The design of commitment periods can play a role in creating this environment. This paper assesses how the length of commitment periods influences policy uncertainty and investment decisions. In particular, the paper analyses the relationship between commitment period length and near term investment decisions in climate friendly technology.

Description / Table of Contents: This paper assesses the policy questions as highlighted in the relevant COP/MOP 2 decision, particularly leaks (or seepage) and permanence for geological storage, project boundaries and liability issues, and leakage, as well as a few others raised by some Parties. Since any emissions or leaks during the separation, capture and transport phases would occur during the crediting period of the project (and would therefore be accounted for as project emissions), the paper focuses its analyses for leaks and liability on storage, as it is in this part of the CCS process that long-term leaks could occur.

Description / Table of Contents: This paper offers a preliminary analysis of several scenarios for integration of sectoral approaches in international and national climate policy. We consider four broad types of sectoral approaches: • A global action, i.e. a unilateral move by industry to foster GHG improvements • A global agreement between industry and Parties to the UNFCCC • A series of national policies targeting a sector, with some intergovernmental co-ordination • A sectoral crediting mechanism whereby reductions recorded at a sector level may be eligible for emission credits

Description / Table of Contents: Sectoral Crediting Mechanisms for Greenhouse Gas Mitigation: Institutional and Operational Issues

Description / Table of Contents: Increased focus has been placed on the issues of energy access and energy poverty over the last number of years, most notably indicated by the United Nations (UN) declaring 2012 as the “International Year of Sustainable Energy for All”. Although attention in these topics has increased, incorrect assumptions and misunderstandings still arise in both the literature and dialogues. Access to energy does not only include electricity, does not only include cook stoves, but must include access to all types of energy that form the overall energy system. This paper chooses to examine this energy system using a typology that breaks it into 3 primary energy subsystems: heat energy, electricity and transportation. Describing the global energy system using these three subsystems provides a way to articulate the differences and similarities for each system’s required investments needs by the private and public sectors.

Description / Table of Contents: The International Energy Agency’s Energy Efficiency Unit (EEU) has begun a new programme of work on innovative energy-efficiency policies for mitigating fuel poverty. The IEAs current research focuses on the potential for low-income weatherisation programmes to address poor housing quality – the main driver of fuel poverty - as well as innovative methods for financing and evaluating such programmes. A common problem is that the energy-saving benefits accruing to fuel-poor households barely offset the investment required, suggesting a weak return on government spending. However, these investments have additional co-benefits for participants as well as for energy providers, property owners, local communities and society as a whole. This first IEA workshop focused on methods for incorporating the range of co-benefits into evaluation of low-income weatherisation programmes. The presentations given by top experts in the fuel poverty field are summarised in this report, along with conclusions and proposals for further research.

Description / Table of Contents: During 2004, oil prices reached levels unprecedented in recent years. Though world oil markets remain adequately supplied, high oil prices do reflect increasingly uncertain conditions. Many IEA member countries and nonmember countries alike are concerned about oil costs and oil security and are looking for ways to improve their capability to handle market volatility and possible supply disruptions in the future. This book aims to provide assistance.

Description / Table of Contents: Modern biomass, and the resulting useful forms of bioenergy produced from it, are anticipated by many advocates to provide a significant contribution to the global primary energy supply of many IEA member countries during the coming decades. For non-member countries, particularly those wishing to achieve economic growth as well as meet the goals for sustainable development, the deployment of modern bioenergy projects and the growing international trade in biomass-based energy carriers offer potential opportunities.

Description / Table of Contents: This chapter considers electrical appliances for home and office, which are produced and consumed in large and increasing numbers in industrialised and, increasingly, in developing economies.

Description / Table of Contents: This paper reviews key design features of mandatory emissions trading systems that had been established or were under consideration in 2010, with a particular focus on implications for the energy sector. Putting a price on greenhouse gas emissions is a cornerstone policy in climate change mitigation. To this end, many countries have implemented or are developing domestic emissions trading systems.

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: This article assesses the long-term economic and climatic effects of introducing price caps and price floors in hypothetical global climate change mitigation policy. Based on emission trends, abatement costs and equilibrium climate sensitivity from IPCC and IEA reports, this quantitative analysis confirms that price caps could significantly reduce economic uncertainty. This uncertainty stems primarily from unpredictable economic growth and energy prices, and ultimately unabated emission trends. In addition, the development of abatement technologies is uncertain. Furthermore,this analysis shows that rigid targets may entail greater economic risks with little or no comparative advantage for the climate. More ambitious emission objectives, combined with price caps and price floors, could still entail significantly lower expected costs while driving similar, or even slightly better, climatic outcomes in probabilistic terms.

Description / Table of Contents: This study assesses the long-term economic and environmental effects of introducing price caps and price floors in hypothetical climate change mitigation architecture, which aims to reduce global energy-related CO2 emissions by 50% by 2050. Based on abatement costs in IPCC and IEA reports, this quantitative analysis confirms what qualitative analyses have already suggested: introducing price caps could significantly reduce economic uncertainty. This uncertainty stems primarily from unpredictable economic growth and energy prices, and ultimately unabated emission trends. In addition, the development of abatement technologies is uncertain. With price caps, the expected costs could be reduced by about 50% and the uncertainty on economic costs could be one order of magnitude lower. Reducing economic uncertainties may spur the adoption of more ambitious policies by helping to alleviate policy makers’ concerns of economic risks. Meanwhile, price floors would reduce the level of emissions beyond the objective if the abatement costs ended up lower than forecasted. If caps and floors are commensurate with the ambition of the policy pursued and combined with slightly tightened emission objectives, climatic results could be on average similar to those achieved with “straight” objectives (i.e. with no cost-containment mechanism). This papers reviews current proposals in the UNFCCC negotiations for future mechanisms to report and record Parties’ GHG mitigation actions and commitments, as well as support provided for such actions. It explores the possible purposes, coverage and form of a reporting/recording mechanism post-2012 and highlights the decision points that are needed in order to establish such a mechanism. It examines what information such a mechanism could include in terms of actions, commitments and support, as well as the institutional implications of different design options.

Description / Table of Contents: This study assesses the long-term economic and environmental effects of introducing price caps and price floors in hypothetical climate change mitigation architecture, which aims to reduce global energy-related CO2 emissions by 50% by 2050. Based on abatement costs in IPCC and IEA reports, this quantitative analysis confirms what qualitative analyses have already suggested: introducing price caps could significantly reduce economic uncertainty. This uncertainty stems primarily from unpredictable economic growth and energy prices, and ultimately unabated emission trends. In addition, the development of abatement technologies is uncertain. See also Assessing the value of price caps and floors, November 2009 This study assesses the long-term economic and environmental effects of introducing price caps and price floors in hypothetical climate change mitigation architecture, which aims to reduce global energy-related CO2 emissions by 50% by 2050. Based on abatement costs in IPCC and IEA reports, this quantitative analysis confirms what qualitative analyses have already suggested: introducing price caps could significantly reduce economic uncertainty. This uncertainty stems primarily from unpredictable economic growth and energy prices, and ultimately unabated emission trends. In addition, the development of abatement technologies is uncertain. With price caps, the expected costs could be reduced by about 50% and the uncertainty on economic costs could be one order of magnitude lower. Reducing economic uncertainties may spur the adoption of more ambitious policies by helping to alleviate policy makers’ concerns of economic risks. Meanwhile, price floors would reduce the level of emissions beyond the objective if the abatement costs ended up lower than forecasted. If caps and floors are commensurate with the ambition of the policy pursued and combined with slightly tightened emission objectives, climatic results could be on average similar to those achieved with “straight” objectives (i.e. with no cost-containment mechanism).

Description / Table of Contents: Investment in the energy system of tomorrow requires substantial resources and informed policy making to achieve energy-security,economic and environmental objectives. The International Energy Agency (IEA) estimates 26 trillion USD in investments will be needed in the energy sector by 2030 to sustain current energy trends. Energy business-as-usual, however, and the resulting environmental impacts, are not sustainable as they result in energy insecurity and climate damages. Investment in the energy system of tomorrow requires substantial resources and informed policy making to achieve energy-security, economic and environmental objectives. The International Energy Agency (IEA) estimates 26 trillion USD in investments will be needed in the energy sector by 2030 to sustain current energy trends. Energy business-as-usual, however, and the resulting environmental impacts, are not sustainable as they result in energy insecurity and climate damages.

Description / Table of Contents: This paper is a background document on the global chemical and petrochemical sector for the IEA publication Energy Technology Transitions in Industry (IEA, 2009). It provides further, more detailed information on the methodology and data issues for energy efficiency indicators for the sector. The indicators discussed offer insight regarding the energy efficiency improvement potential in the short- to medium-term (by proven technologies). This paper is a background document on the global chemical and petrochemical sector for the IEA publication Energy Technology Transitions in Industry (IEA, 2009). It provides further, more detailed information on the methodology and data issues for energy efficiency indicators for the sector. The indicators discussed offer insight regarding the energy efficiency improvement potential in the short- to medium-term (by proven technologies).

Description / Table of Contents: Since WEO-2008, the economic downturn has led to a drop in energy use, CO2 emissions and energy investment. Is this an opportunity to arrest climate change or a threat that any economic upturn might be stifled at birth? What package of commitments and measures should the climate negotiators at Copenhagen put together if they really want to stop global temperatures rising? How much would it cost? And how much might the developed world have to pay to finance action elsewhere? How big is the gas resource base and what is the typical pattern of production from a gas field? What does the unconventional gas boom in the United States mean for the rest of the world? Are we headed for a global gas glut? What role will gas play in the future energy mix? And how might the way gas is priced change? All these questions and many others are answered in WEO-2009. The data are extensive, the projections more detailed than ever and the analyses compelling.

Description / Table of Contents: World Energy Outlook 2011 brings together the latest data, policy developments, and the experience of another year to provide robust analysis and insight into global energy markets, today and for the next 25 years. This edition of the IEA’s flagship WEO publication gives the latest energy demand and supply projections for different future scenarios, broken down by country, fuel and sector. It also gives special focus to such topical energy sector issues as: • Russia’s energy prospects and their implications for global markets. • The role of coal in driving economic growth in an emissions-constrained world. • The implications of a possible delay in oil and gas sector investment in the Middle East and North Africa. • How high-carbon infrastructure “lock-in” is making the 2°C climate change goal more challenging and expensive to meet. • The scale of fossil fuel subsidies and support for renewable energy and their impact on energy, economic and environmental trends. • A “Low Nuclear Case” to investigate what a rapid slowdown in the use of nuclear power would mean for the global energy landscape. • The scale and type of investment needed to provide modern energy to the billions of the world’s poor that do not have it. WEO-2011 provides invaluable insights into how the energy system could evolve over the next quarter of a century. The book is essential reading for anyone with a stake in the energy sector.

Description / Table of Contents: Oil prices have broken $50 a barrel, soaring Chinese demand is rocking energy markets, and climate-destabilising carbon emissions grow apace. The World Energy Outlook 2004 offers the statistical background and analytical insight.

Description / Table of Contents: World leaders have pledged to act to change the energy future. Some new policies are in place. But the trends in energy demand, imports, coal use and greenhouse gas emissions to 2030 in this year’s World Energy Outlook are even worse than projected in WEO 2006. China and India are the emerging giants of the world economy. Their unprecedented pace of economic development will require ever more energy, but it will transform living standards for billions. There can be no question of asking them selectively to curb growth so as to solve problems which are global. So how is the transition to be achieved to a more secure, lower-carbon energy system? WEO 2007 provides the answers. With extensive statistics, projections in three scenarios, analysis and advice, it shows China, India and the rest of the world why we need to co-operate to change the energy future and how to do it.

Description / Table of Contents: Energy security, environmental protection and economic prosperity all pose major challenges for today’s energy decision makers. To meet these challenges, innovation, the adoption of new cost effective technologies, and better use of existing energy-efficient technologies are key elements. The world is not on course for a sustainable energy future – with security concerns and CO2 emissions projected to more than double by 2050. But this alarming outlook can be changed. A recent major IEA analysis “Energy Technology Perspectives – Scenarios and Strategies to 2050” (IEA, 2006) demonstrate that by developing and employing technologies that already exist or are under development, the world could be brought onto a much more sustainable energy path. The costs of achieving a more sustainable energy future are not disproportionate, but they will require substantial effort and investment by both the public and private sectors. There will be significant additional transitional costs related to RD&D and deployment programmes to commercialise many of the technologies over the next couple of decades. Governments will continue to play a major role in energy technology R&D – in defining policies and funding them. How can IEA member country governments be sure they are making the right choices? One answer is by learning from the experience of others – through the use of peer reviews. The IEA version of the peer review – the in-depth review - is a well established tool used since the IEA was created more than 30 years ago. It provides for its members a framework to examine and compare experiences and discuss “best practices” in a host of energy policy areas, including research, development and technology policy. Making the most of the in-depth review process, as well as recommendations emanating from it, offers the promise of better and more well-informed R&D policies – ultimately assisting the development of the new energy technologies that we so urgently need.

Description / Table of Contents: Ensuring energy security has been at the centre of the IEA mission since its inception, following the oil crises of the early 1970s. While the security of oil supplies remains important, contemporary energy security policies must address all energy sources and cover a a comprehensive range of natural, economic and political risks that affect energy sources, infrastructures and services. In response to this challenge, the IEA is currently developing a Model Of Short-term Energy Security (MOSES) to evaluate the energy security risks and resilience capacities of its member countries. The current version of MOSES covers short-term security of supply for primary energy sources and secondary fuels among IEA countries. It also lays the foundation for analysis of vulnerabilities of electricity and end-use energy sectors. MOSES contains a novel approach to analysing energy security, which can be used to identify energy security priorities, as a starting point for national energy security assessments and to track the evolution of a country’s energy security profile. By grouping together countries with similar “energy security profiles”, MOSES depicts the energy security landscape of IEA countries. By extending the MOSES methodology to electricity security and energy services in the future, the IEA aims to develop a comprehensive policy-relevant perspective on global energy security. Ensuring energy security has been at the centre of the IEA mission since its inception, following the oil crises of the early 1970s. While the security of oil supplies remains important, contemporary energy security policies must address all energy sources and cover a a comprehensive range of natural, economic and political risks that affect energy sources, infrastructures and services. In response to this challenge, the IEA is currently developing a Model Of Short-term Energy Security (MOSES) to evaluate the energy security risks and resilience capacities of its member countries. The current version of MOSES covers short-term security of supply for primary energy sources and secondary fuels among IEA countries. It also lays the foundation for analysis of vulnerabilities of electricity and end-use energy sectors. MOSES contains a novel approach to analysing energy security, which can be used to identify energy security priorities, as a starting point for national energy security assessments and to track the evolution of a country’s energy security profile. By grouping together countries with similar “energy security profiles”, MOSES depicts the energy security landscape of IEA countries. By extending the MOSES methodology to electricity security and energy services in the future, the IEA aims to develop a comprehensive policy-relevant perspective on global energy security. This Working Paper is intended for readers who wish to explore the MOSES methodology in depth; there is also a brochure which provides an overview of the analysis and results.

Description / Table of Contents: The environmental benefits of renewable energy are well known. But the contribution that they can make to energy security is less widely recognised. This report aims to redress the balance, showing how in electricity generation, heat supply, and transport, renewables can enhance energy security and suggesting policies that can optimise this contribution.

Description / Table of Contents: An Assessment of Technology, Policy and Financial Issues Relating to CMM in China, based on Interviews Conducted at Coal Mines in Guizhou and Sichuan Provinces.

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: China’s rapid economic growth has aroused intense interest around the world. Policy makers, industrialists, investors, environmentalists, researchers and others want to better understand the issues that this populous nation faces as it further develops an already thriving economy largely fuelled by coal. This study sheds light on the Chinese coal supply and transformation sectors. China’s rapid economic growth has aroused intense interest around the world. Policy makers, industrialists, investors, environmentalists, researchers and others want to better understand the issues that this populous nation faces as it further develops an already thriving economy largely fuelled by coal. This study sheds light on the Chinese coal supply and transformation sectors. China’s coal, mined locally and available at a relatively low cost, has brought enormous benefits to energy consumers in China and to those outside the country who enjoy the products of its coal-based economy. Yet from another perspective, China’s coal use has a high cost. Despite progress, health and safety in the thousands of small coal mines lag far behind the standards achieved in China’s modern, large mines. Environmental degradation is a real and pressing problem at all stages of coal production, supply and use. Adding to these burdens, emissions of carbon dioxide are of concern to the Chinese government as it embarks on its own climate protection strategy. Technology solutions are already transforming the way coal is used in China and elsewhere. This study explores the context in which the development and deployment of these technologies can be accelerated. Providing a large amount of new data, it describes in detail the situation in China as well as the experiences of other countries in making coal cleaner. Above all, the report calls for much greater levels of collaboration – existing bi-lateral and multi-lateral co-operation with China on coal is found lacking. China’s growing openness presents many commercial opportunities. Establishing a global market for cleaner coal technologies is key to unlocking the potential of technology – one of ten major recommendations made in this study.

Description / Table of Contents: This book describes why temporary shortages of electricity supplies occur even in the wealthiest countries with the most sophisticated electricity networks. Most shortages are local and minor and easily addressed. But, in other cases, the shortages persist for days, weeks, or even years and involve millions of people, and this is the target of this book. The reasons for these shortages are incredibly diverse: from forest fires to safety problems at power stations, from problems in electricity market liberalisation to heat or cold waves. These events can happen anywhere – and they do! The results are blackouts, brownouts and other curtailments on electricity consumption.

Description / Table of Contents: Integrating electricity markets across regions is vital both for the integration of renewable energies and to control production and distribution costs. But cross-border electricity trade continues to be perceived as potentially risky to security of electricity supply. In response, this report suggests the need for strong co-ordination of electricity security regulatory frameworks across jurisdictions. Based on the experience of International Energy Agency (IEA) member countries, this paper identifies two ways to integrate markets over wider geographic areas. The straightforward solution is to consolidate markets and system operations. For instance, merging system operators ensures that the same rules for electricity system security apply across all consolidated control areas. When this is not feasible, because of institutional barriers, co-ordinating markets and system operations can be improved One key finding of this report is that the integration of electricity security rules often lags behind integration the integration of markets themselves. This hinders the further developments needed to accommodate renewables. Governments can work together to coordinate electricity security regulations and develop the seamless power markets needed to attain decarbonisation targets.

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: The International Energy Agency (IEA) estimates that 100 Carbon Capture and Storage (CCS) projects will be required by 2020 and over 3 000 by 2050 if CCS is to contribute fully to the least-cost technology portfolio for CO2 mitigation. For CCS to reach its emissions reduction potential, the 2009 IEA publication Technology Roadmap: Carbon Capture and Storage recommends that international legal obstacles associated with global CCS deployment be removed by 2012 – including the prohibition on transboundary CO2 transfer under the London Protocol. The London Protocol was amended by contracting parties in 2009 to allow for cross-border transportation of CO2 for sub-seabed storage, but the amendment must be ratified by two-thirds of contracting parties to enter into force. It is unlikely that this will occur in the near term; this working paper therefore outlines options that may be available to contracting parties under international law to address the barrier to deployment presented by Article 6, pending formal entry into force of the 2009 amendment.

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: The transport sector is currently responsible for 23% of energy-related CO2 emissions, and transport associated CO2 emissions will more than double by 2050. This working paper evaluates the potential costs and benefits of using natural gas as a vehicle fuel for road transportation, as well as the policy related to its market development.

Description / Table of Contents: What impact will the return of high energy prices have on the fragile economic recovery? Will geopolitical unrest, price volatility and policy inaction defer investment in the oil sector and amplify risks to our energy security? What will renewed uncertainty surrounding the role of nuclear power mean for future energy and environmental trends? Is the gap between our climate actions and our climate goals becoming insurmountable? World Energy Outlook 2011 tackles these and other pressing questions. The latest data, policy developments, and the experience of another turbulent year are brought together to provide robust analysis and insight into global energy markets. WEO-2011 once again gives detailed energy demand and supply projections out to 2035, broken down by region, fuel, sector and scenario.

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: For the first time, the IEA has merged its medium-term market reports for oil and gas, thereby giving readers a broader perspective on global trends. Critical questions persist for both markets, including whether economic and energy demand outlooks are clearer than in mid-2009. For the first time, the IEA has merged its medium-term market reports for oil and gas, thereby giving readers a broader perspective on global trends. Critical questions persist for both markets, including whether economic and energy demand outlooks are clearer than in mid-2009. Do oil markets show a genuine structural shift in demand patterns? Will they sustain a nascent recovery in upstream spending evident in 2010? And how long will current levels of OPEC spare capacity persist? For the gas market, will demand recover from its collapse in 2009? How long will the gas glut last? Will unconventional gas revolutionise gas markets outside North America? And how is consumption changing in China, Russia and the Middle East? Medium-Term Oil and Gas Markets 2010 presents a comprehensive outlook for oil and gas market fundamentals over the next three to five years. The oil market analysis develops two demand scenarios that reflect uncertainties about the path of economic recovery after the global slow-down in 2008/09. Market balances are generated from detailed analysis of upstream investment projects, oil field decline rates, product-by-product demand trends, and refinery investment and operations. The gas market analysis assesses prices, unconventional gas, future demand developments and LNG markets, as well as investment across the gas value chain. With a focus on key producers (including Russia, the Caspian region and the Middle East) and rising LNG exporters (such as Australia), it examines implications for global gas markets.

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: The IEA's Economic Analysis Division (EAD), with input from other Divisions, produces the World Energy Outlook, the IEA's flagship publication. In even-numbered years, the EAD publishes a global energy survey, including detailed long-term projections of energy demand, energy supply and CO2 emissions. The "WEO" looks from 20 to 30 years into the future, and its projections are based on the World Energy Model . The "World Energy Outlook: Insights" series cover a single aspect of energy, like subsidies in 1999 and global supply in 2001. The WEO Insights series are published in odd-numbered years.

Description / Table of Contents: At their 2007 Summit in Heiligendamm, G8 leaders called on countries to “adopt instruments and measures to significantly increase the share of combined heat and power (CHP) in the generation of electricity.” As a result, energy, economic, environmental and utility regulators are looking for tools and information to understand the potential of CHP and to identify appropriate policies for their national circumstances. This report forms the first part of the response. It includes answers to policy makers’ questions about the potential economic, energy and environmental benefits of an increased policy commitment to CHP. It also includes for the first time integrated IEA data on global CHP installations, and analyses the benefits of increased CHP investment in the G8+5 countries. A companion report will be produced later in 2008 to document best practice policy approaches that have been used to expand the use of CHP in a variety of countries.

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: Industry accounts for one-third of global energy use and almost 40% of worldwide CO2 emissions. Achieving substantial emissions reduction in the future will require urgent action from industry. Industry accounts for one-third of global energy use and almost 40% of worldwide CO2 emissions. Achieving substantial emissions reduction in the future will require urgent action from industry. What are the likely future trends in energy use and CO2 emissions from industry? What impact could the application of best available technologies have on these trends? Which new technologies are needed if these sectors are to fully play their role in a more secure and sustainable energy future? Energy Technology Transitions for Industry addresses these questions through detailed sectoral and regional analyses, building on the insights of crucial IEA findings, such as Energy Technology Perspectives 2008: Scenarios and Strategies to 2050. It contains new indicators and methodologies as well as scenario results for the following sectors: iron and steel, cement, chemicals, pulp and paper and aluminium sectors. The report discusses the prospects for new low-carbon technologies and outlines potential technology transition paths for the most important industrial sectors. This publication is one of three new end-use studies, together with transport and buildings, which look at the role of technologies in transforming the way energy is used in these sectors.

Description / Table of Contents: This article assesses the long-term economic and climatic effects of introducing price caps and price floors in hypothetical global climate change mitigation policy. Based on emission trends, abatement costs and equilibrium climate sensitivity from IPCC and IEA reports, this quantitative analysis confirms that price caps could significantly reduce economic uncertainty. This uncertainty stems primarily from unpredictable economic growth and energy prices, and ultimately unabated emission trends.In addition, the development of abatement technologies is uncertain. Furthermore,this analysis shows that rigid targets may entail greater economic risks with little or no comparative advantage for the climate. More ambitious emission objectives, combined with price caps and price floors, could still entail significantly lower expected costs while driving similar, or even slightly better, climatic outcomes in probabilistic terms.

Description / Table of Contents: Measurable, Reportable and Verifiable Mitigation Actions and Support

Description / Table of Contents: This report explores the effects of the EU emissions trading scheme on the aluminium sector (i.e. competitiveness loss and carbon leakage). With its very high electricity intensity, primary aluminium stands out in the heavy industry picture: a sector whose emissions are not capped in the present EU ETS, European aluminium smelters still stand to lose profit margins and, possibly, market shares, as electricity prices increase following CO2 caps on generators’ emissions - the famous pass-through of CO2 prices into electricity prices. The analysis includes a method of quantification of this issue, based on two indicators: profit margins and trade flows. As the EU is at the forefront of such policy, the paper provides policy messages to all countries on how trade exposed energy-intensive industries can be ‘moved’ by carbon constraint. This also is a contentious topic in Australia, Japan, New Zealand, and the US, where ambitious climate policies – including cap-and-trade systems – are currently debated.

Description / Table of Contents: Since its founding in 1974, oil supply security has been a core mission of the International Energy Agency. In order to test IEA member countries’ readiness to deal with oil and gas emergencies, IEA member country representatives and the IEA Secretariat participate in peer reviews of member countries every few years. Procedures and institutional arrangements are thoroughly analysed. The publication Oil Supply Security: The Emergency Response of IEA Countries (2007) represents the last full cycle of reviews of IEA member countries (and some non-member countries). Below are updated reviews of member countries’ (and Chile) emergency preparedness in oil and gas carried out in the most recent review cycle (2009-2012).

Description / Table of Contents: MOSES contains a novel approach to analysing energy security, which can be used to identify energy security priorities, as a starting point for national energy security assessments and to track the evolution of a country’s energy security profile. By grouping together countries with similar “energy security profiles”, MOSES depicts the energy security landscape of IEA countries. By extending the MOSES methodology to electricity security and energy services in the future, the IEA aims to develop a comprehensive policy-relevant perspective on global energy security. Ensuring energy security has been at the centre of the IEA mission since its inception, following the oil crises of the early 1970s. While the security of oil supplies remains important, contemporary energy security policies must address all energy sources and cover a a comprehensive range of natural, economic and political risks that affect energy sources, infrastructures and services. In response to this challenge, the IEA is currently developing a Model Of Short-term Energy Security (MOSES) to evaluate the energy security risks and resilience capacities of its member countries. The current version of MOSES covers short-term security of supply for primary energy sources and secondary fuels among IEA countries. It also lays the foundation for analysis of vulnerabilities of electricity and end-use energy sectors. MOSES contains a novel approach to analysing energy security, which can be used to identify energy security priorities, as a starting point for national energy security assessments and to track the evolution of a country’s energy security profile. By grouping together countries with similar “energy security profiles”, MOSES depicts the energy security landscape of IEA countries. By extending the MOSES methodology to electricity security and energy services in the future, the IEA aims to develop a comprehensive policy-relevant perspective on global energy security. This Brochure provides and overview of the analysis and results. Readers interested in an in-depth discussion of methodology are referred to the MOSES Working Paper.

Description / Table of Contents: The power sector carries a considerably great burden of the CO2 emission reductions required to address climate change, a feature common to many scenarios of emissions abatement. These reductions will only be possible if existing plants are replaced with more efficient and less-emitting types of plants over the coming decades. This report identifies the investments needed in the power sector, and their related risk factors.

Description / Table of Contents: This paper explores the relationships between climate policy and renewable energy policy instruments. It shows that, even where CO2 emissions are duly priced, specific incentives for supporting the early deployment of renewable energy technologies are justified by the steep learning curves of nascent technologies. This early investment reduces costs in the longer term and makes renewable energy affordable when it needs to be deployed on a very large scale to fully contribute to climate change mitigation and energy security. The paper also reveals other noteworthy interaction effects of climate policy and renewable policy instruments on the wholesale electricity prices in deregulated markets, which open new areas for future research.

Description / Table of Contents: This special early excerpt of WEO-2009 is a contribution from the energy sector to inform the negotiations leading into Copenhagen. It summarises the results of a fully-updated Reference Sceario, detailing by sector and by country/region the trends in energy use and emissions and the investments and funding needed to meet the 450 Scenario.

Description / Table of Contents: The main message of this paper is that while carbon pricing is a prerequisite for least-cost carbon mitigation strategies, carbon pricing is not enough to overcome all the barriers to cost-effective energy efficiency actions. Energy efficiency policy should be designed carefully for each sector to ensure optimal outcomes for a combination of economic, social and climate change goals. The main message of this paper is that while carbon pricing is a prerequisite for least-cost carbon mitigation strategies, carbon pricing is not enough to overcome all the barriers to cost-effective energy efficiency actions. Energy efficiency policy should be designed carefully for each sector to ensure optimal outcomes for a combination of economic, social and climate change goals. This paper aims to examine the justification for specific energy efficiency policies in economies with carbon pricing in place. The paper begins with an inventory of existing market failures that attempt to explain the limited uptake of energy efficiency. These market failures are investigated to see which can be overcome by carbon pricing in two subsectors – electricity use in residential appliances and heating energy use in buildings. This analysis finds that carbon pricing addresses energy efficiency market failures such as externalities and imperfect energy markets. However, several market and behavioural failures in the two subsectors are identified that appear not to be addressed by carbon pricing. These include: imperfect information; principal-agent problems; and behavioural failures. In this analysis, the policies that address these market failures are identified as complementary to carbon pricing and their level of interaction with carbon pricing policies is relatively positive. These policies should be implemented when they can improve energy efficiency effectively and efficiently (and achieve other national goals such as improving socio-economic efficiency).

Description / Table of Contents: This paper first reviews proposals for the design of sectoral and related market mechanisms currently debated, both in the UNFCCC negotiations, and in different domestic legislative contexts. Secondly, it addresses the possible principles and technical requirements that Parties may wish to consider as the foundations for further elaboration of the mechanisms. The third issue explored herein is domestic implementation of sectoral market mechanisms by host countries, incentives to move to new market mechanisms, as well as how the transition between current and future mechanisms could be managed.

Description / Table of Contents: This paper compares model estimates of national and sectoral GHG mitigation potential across six key OECD GHG-emitting economies: Australia, Canada, the EU, Japan, Mexico and the US. It examines the implications of model structure, baseline and policy assumptions, and assesses GHG mitigation potential estimates across a variety of models, including models that are used to inform climate policy-makers in each of these economies.

Description / Table of Contents: Two years after the G8 leaders commitment to the broad deployment of carbon capture and storage (CCS) by 2020, significant progress has been made towards commercialisation of CCS technologies. Yet the 2008 Hokkaido G8 recommendation to launch 20 large-scale CCS demonstration projects by 2010 remains a challenge and will require that governments and industry accelerate the pace toward achieving this critical goal. This is one of the main findings of a new report by the International Energy Agency (IEA), the Carbon Sequestration Leadership Forum (CSLF), and the Global CCS Institute, to be presented to G8 leaders at their June Summit in Muskoka, Canada.