Tag: OECD
Beyond China and India, energy consumption in non-OECD Asia continues to grow
In 2015, about 30 per cent of travel was in automobiles Based on projections in EIA’s International Energy Outlook 2017 (IEO2017), much of the future growth in world energy consumption will occur in the nations of Asia outside of the Organization for Economic Cooperation and Development (or non-OECD Asia). Although China and India account for most of […]
World energy use to rise 28% by 2040 – US Energy Information Administration
Coal use projected to decline in China by 0.6% per year from 2015 to 2040 The U.S. Energy Information Administration’s latest International Energy Outlook 2017 (IEO2017) projects that world energy consumption will grow by 28 per cent between 2015 and 2040, according to the U.S. Energy Information Administration. Most of this growth is expected to come from […]
Brent, WTI crude oil prices to average $50 per barrel through 2018
Without further OPEC agreement, EIA expects lower prices in 2018 than forecast Brent crude oil spot prices to average $51/b in 2017 and $52/b in 2018. West Texas Intermediate (WTI) crude oil prices are expected to be $2/b lower than Brent prices in 2017 and 2018, according to the U.S. Energy Information Administration. Daily and […]
2016 global electricity trends: renewables use up, fossil fuels down
Total OECD production of electricity was 8.4% higher than in 2015 An assessment of monthly data shows that in 2016, OECD net electricity production grew by 0.9 per cent compared to 2015, according to a report by the International Energy Agency. Within this small overall change there was a large increase of 9.5 per cent in geothermal, […]
Japan, US agree to cut financing for overseas coal power plants
Agreement on coal power plants supports development of new technology TOKYO _ A compromise struck by the United States, Japan and other major nations will restrict export financing to build coal power plants overseas, but not eliminate it completely. The agreement reached earlier this week is an important step that sends a strong political message […]
Renewable energy revolution the silver lining in climate change gloom
Technological changes, lower costs brighten renewable energy future OTTAWA _ The Organization for Economic Co-operation and Development says the world has yet to “turn the corner” on addressing climate change but there is room for optimism. That’s because, notwithstanding the gloom over the scale of the global issue, or the naysayers who claim a decarbonized economy […]
Connect
Connect with us on the following social media platforms.