The International Energy Agency released its World Energy Outlook in London on Monday, stating that, among other things, North America will be almost self-sufficient in energy by 2035. Here are the details.
* According to the outlook, "extraordinary growth in oil and natural gas output in the United States" will be responsible for the country becoming a new exporter of natural gas by 2020 and gaining near self-sufficiency by 2035.
* In 23 years, almost 90 percent of Middle Eastern oil exports will be going to Asia, the agency predicted.
* Global demand for oil will increase by 50 percent, with increased production coming from natural gas. Global energy demand itself is expected to grow by more than one-third by 2035, with China, India and the Middle East accounting for 60 percent of that growth.
* According to the World Energy Outlook, Iraq is expected to provide 45 percent of the growth in oil production, bypassing Russia to become the second largest oil exporter.
* Global coal demand is expected to also increase -- 21 percent by 2035 -- with most of that growth centered in China and India, the report stated.
* If there are continued subsidies for the industry, renewables are slated to become the world's second-largest source of power generation by 2015. By 2035, renewables will be nearing coal as the primary source of energy production.
* In 2011, the International Energy Agency reported, subsidies for renewables, including biofuels, amounted to $88 billion. In order to continue growing through 2035, the industry will need $4.8 trillion in subsidies.
* According to the executive summary of the report, nearly 1.3 billion people remain without access to electricity. Two-thirds of those people reside in Asia and sub-Saharan Africa. Nearly $1 trillion is needed in order to achieve universal energy access by 2030.
* The availability of water will become more important to the provision of energy, with an 85 percent increase in the amount of water consumed for energy production by 2035. Currently 15 percent of the world's water usage is caused by energy production.
* According to the outlook's executive summary, much of the increase in water usage will be caused by the irrigation of crops involved in expanding output of biofuels.
* Unless there is a "concerted policy push," said Fatih Birol, the chief economist and lead author of the International Energy Agency's World Energy Outlook, "two-thirds of the economically viable potential to improve energy efficiency" will not be realized until after 2035.
* Birol noted that a global lock-in of allowable emissions, set to happen in 2017, will lead to substantial energy security and economic benefits, cutting fuel bills by 20 percent on average.
- Nature & Environment
- World Energy Outlook
- natural gas