Book contents
- Frontmatter
- Contents
- Executive Summary
- 1 Energy: A Strategic Necessity
- 2 Developing a Holistic Energy Policy
- 3 Dawn of a New Age: Global Energy Scenarios to 2030
- 4 Geopolitics of Oil and Gas: Challenges in a Turbulent Oil and Gas Industry
- 5 Regional Outlook on Energy Security: Who Wins in the Asian Scramble for Oil?
- 6 Sustainable Development and Energy Efficiency
- 7 World Energy Outlook
- 8 Prospects for Renewable Energy in Asia and Its Role in Energy Security
- 9 Enhancing Energy Security in Asia: The Role of Governments
- 10 Closing Remarks
- 11 Conclusions
- Conference Programme
7 - World Energy Outlook
Published online by Cambridge University Press: 21 October 2015
- Frontmatter
- Contents
- Executive Summary
- 1 Energy: A Strategic Necessity
- 2 Developing a Holistic Energy Policy
- 3 Dawn of a New Age: Global Energy Scenarios to 2030
- 4 Geopolitics of Oil and Gas: Challenges in a Turbulent Oil and Gas Industry
- 5 Regional Outlook on Energy Security: Who Wins in the Asian Scramble for Oil?
- 6 Sustainable Development and Energy Efficiency
- 7 World Energy Outlook
- 8 Prospects for Renewable Energy in Asia and Its Role in Energy Security
- 9 Enhancing Energy Security in Asia: The Role of Governments
- 10 Closing Remarks
- 11 Conclusions
- Conference Programme
Summary
In his keynote address, Claude Mandil, explored the implications of increased energy demand from developing regions and focused on three pillars in the formulation of sound energy policy and key objectives in the pursuit of energy supply security. He also highlighted the recently released IEA publication, World Energy Outlook 2006.
Mr Mandil prefaced the core messages of his speech by outlining two alternative visions of the energy future. Using the reference scenario of the current global primary energy demand, the speaker presented an under-invested, vulnerable and poor energy future and argued for a clean, clever, and competitive outlook. He highlighted that current energy consumption patterns indicate that global energy demand was set to grow by more than 50 per cent over the next twenty-five years, reaching more than 17 billion tonnes of oil equivalent (compared to 11.2 in 2004). By 2030, fossil fuels (oil, coal, and gas) would retain the lion's share of the energy mix — with oil remaining as the single largest fuel in the global primary energy mix. Projections of energy demand by region indicate that within a decade developing countries will become the biggest consumers accounting for two-thirds of the increase in demand. Against this backdrop, global community is faced with a choice in charting new directions for future energy needs. Countries must modify policy-making process and alter the dark trajectory of global energy future.
The Three E's of Formulating Sound Energy Policy
Mr Mandil stressed that current energy consumption was not sustainable and there was an ugent need to formulate sustainable energy policy at national and international levels. Policy-makers need to adhere to a three-pillar approach: energy security and supply, economic growth, and environmental protection. With the projected surge in energy demand over the next twenty-five years, the existing policy is not sustainable since it is inconsistent with the three pillars.
Environmental Protection
Based on projections of energy-related CO2 emissions by fuel type, there will be a 55 per cent increase in CO2 emissions within next twenty-five years.
- Type
- Chapter
- Information
- Singapore Energy Conference 2006Summary Report, pp. 47 - 52Publisher: ISEAS–Yusof Ishak InstitutePrint publication year: 2006