THREAD
Today we launched World Energy Outlook 2019 #WEO19, our flagship report.
Here are my key takeaways from this exceptional piece of work that provides wide-ranging insights into how today's decisions will shape our energy future.
→ https://iea.li/2CC8DdJ
1/
-
-
The past century has witnessed multiple transitions to & from different fuels & technologies. The challenge today is one of scale: global energy use is 10 times higher than in 1919 ... and still growing → https://iea.li/2CC8DdJ 5/pic.twitter.com/Ar5iTtNv28
Show this thread -
The dramatic growth in recent years of US shale production is set to slow, but the resources exist to maintain high output for many years to come. This dynamic provides a strong counterweight to efforts to manage oil markets. 6/pic.twitter.com/saD5yR5v0n
Show this thread -
Over the next two decades, developing countries in Asia - led by China - account for half the growth in global gas demand and almost all the increase in trade, mostly in the form of liquefied natural gas (LNG). → https://iea.li/2CC8DdJ 7/pic.twitter.com/9g6AdhTNa7
Show this thread -
With a rapidly rising population & a major switch away from the traditional use of biomass, Africa is set to emerge as a major source of global growth for solar, wind, oil & natural gas. 8/pic.twitter.com/5L61plM7ft
Show this thread -
The global power mix is being reshaped by the growth of solar, wind & natural gas. In 2040, renewables are set to account for nearly half of total electricity generation, based on today's stated policies. → https://iea.li/34TimbV 9/pic.twitter.com/JytDq3yoxq
Show this thread -
The rise of wind & solar has major implications, placing electricity at the heart of energy security. Global power systems' needs for flexibility are set to double by 2040, but today’s market designs may not bring enough investment to meet those needs. 10/pic.twitter.com/z48DUeQGX7
Show this thread -
Investment in carbon capture, utilisation & storage (CCUS) will be critical to ensure that the young global coal fleet is in line with climate targets. Repurposing coal plants to provide flexibility can reduce CO2 & air pollution and help integrate renewables. 11/pic.twitter.com/aKwwF6IlUR
Show this thread -
What comes through with crystal clarity in
#WEO19 is there is no single or simple way to transform global energy systems. Many technologies & fuels have a part to play across all sectors of the economy. For this to happen, we need strong leadership from governments. 12/Show this thread -
The world urgently needs to put a laser-like focus on reducing emissions. This calls for a grand coalition spanning governments, investors, companies & everyone who is committed to tackling climate change. Our Sustainable Development Scenario can help guide these efforts. 13/pic.twitter.com/eu8WIwZ3CC
Show this thread -
PS. There's a whole lot more content online
Explore the key findings: https://iea.li/2CC8DdJ
Explore findings by fuel: https://iea.li/34TimbV
Read about our scenarios: https://iea.li/36ZoMrR
Watch the launch press conference live at 11 CET: https://iea.li/2NJZJRK pic.twitter.com/maZad9hi5A
Show this thread
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.