The International Energy Agency's (IEA) World Energy Outlook (WEO) 2002 is a comprehensive analysis of global energy trends, projections, and challenges. This report extends its projection horizon to 2030, highlighting several critical aspects:
Energy Security and Demand: Energy security has re-emerged as a global concern. The report emphasizes the rapid growth in China's role as a strategic buyer in the world oil and gas markets.
Energy Access and Services: Approximately one-quarter of the world's population still lacks modern energy services. The report underscores the need for significant investments to ensure dependable energy supplies worldwide.
Greenhouse Gas Emissions: The WEO 2002 provides a solid analytical basis for understanding the challenges associated with reducing greenhouse gas emissions, especially for countries committed to the Kyoto Protocol.
Based on current policies, carbon dioxide emissions from energy use will continue to grow steeply. However, new technologies will emerge within 30 years, but their dominance will take much longer.
An alternative policy scenario is presented to illustrate how deliberate policy actions could change the basic picture. This scenario highlights the potential for changes in policies related to poverty alleviation, energy security, environmental priorities, and the nuclear component of supply.
The WEO 2002 offers a comprehensive and detailed analysis of global energy trends, emphasizing the urgent need for strong policy responses from both governments and the private sector to address these challenges.