The IEA World Energy Outlook reports get more accurate every year – by 2030 it’ll be spot on.
Disclaimer: As the title should indicate, don’t read this post if you’re of a delicate disposition.
The International Energy Agency has just released the latest incarnation of its annual ‘World Energy Outlook‘ report – the 2008 edition. Please stand for a moment of mock-reverence.
Thank you. Please be seated.
For those not familiar, the IEA releases an annual report, making reasonably detailed projections of expected energy supplies and demands for the nations of the world. It breaks these total energy forecasts down into its various sources (oil, coal, natural gas, renewables, etc.), and looks at expected economic growth trends for different countries and sectors and their impacts on energy consumption. The last several editions have covered the period from publication to the year 2030, and they have also factored in a few different scenarios to roughly cover policy changes that could occur throughout the period to give policymakers an idea of potential outcomes.
It is certainly a worthwhile endeavour – you could say critical, actually. If only they did it well.