World Energy Outlook Special Report 2018: Outlook for Producer Economies
Introduction
This report examines the impact of evolving energy dynamics on major oil and gas exporters. The International Energy Agency (IEA) focuses on countries that rely heavily on oil and gas revenues, such as:
- IEA Member Countries: Australia, Austria, Belgium, Canada, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Japan, Korea, Luxembourg, Mexico, Netherlands, New Zealand, Norway, Poland, Portugal, Slovak Republic, Spain, Sweden, Switzerland, Turkey, United Kingdom, United States.
- European Commission: Participates in IEA activities.
Scope and Objectives
The IEA investigates a broad range of energy issues, including:
- Energy Security: Ensuring diversity, efficiency, flexibility, and reliability across all fuels and energy sources.
- Economic Development: Supporting free markets to foster economic growth and eliminate energy poverty.
- Environmental Awareness: Analyzing policy options to mitigate the environmental impact of energy production and use, particularly addressing climate change and air pollution.
- Engagement Worldwide: Collaborating with association and partner countries, especially major emerging economies, to address shared energy and environmental challenges.
Key Themes
The report highlights the strategic importance of ambitious reform programs for economic and social development. These reforms are driven by changes in the energy sector, including the shale revolution and the renewable energy revolution. The study underscores the risks associated with excessive reliance on volatile hydrocarbon income, using Venezuela as a case study.
Core Findings
- Energy's Role in Reform: Energy provides the means to implement reforms and can serve as a long-term source of comparative advantage.
- Shared Interests: There is a common interest in achieving a positive outcome, which has implications for energy security, the global economy, and sustainable development goals.
- Collaborative Effort: The report reflects a collaborative process involving the IEA's World Energy Outlook team, with contributions from various experts and organizations.
Acknowledgments
The report acknowledges the contributions of:
- Authors: Tim Gould, Ali Al-Saffar, Tae-Yoon Kim, Christophe McGlade, Paweł Olejarnik, Tristan Stanley, Emily Stromquist, Molly A. Walton, Toshiyuki Shirai, and others.
- Support Staff: Yousef Al-Abdullah, Zakia Adam, Stephanie Bouckaert, Wataru Matsumura, Diana Alejandra Rodriguez, Glenn Sondak, Brent Wanner, and Laura Cozzi.
- Data Experts: Jean Chateau from the OECD.
- Technical Support: The Energy Data Centre.
- Production Assistance: The IEA's Communication and Information Office, particularly Astrid Dumond and Bertrand Sadin.
- Workshop Participants: A high-level workshop held in Paris on April 26, 2018, gathered essential input for the study.
- Contributors: Numerous international experts and organizations provided valuable insights, data, and feedback.
This comprehensive report aims to highlight the strategic importance of reform programs in producer economies and the shared interests in achieving sustainable outcomes.
