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World Energy Outlook 2004

INTERNATIONAL ENERGY AGENCY (IEA) and ORGANISATION FOR ECONOMIC COOPERATION AND DEVELOPMENT (OECD) (2004) World Energy Outlook 2004. Working Paper. Rijksuniversiteit Groningen. Universiteitsbibliotheek.

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World Energy Outlook 2004 paints a sobering picture of how the global energy system is likely to evolve from now to 2030. If governments stick with the policies in force as of mid-2004, the world’s energy needs will be almost 60% higher in 2030 than they are now. Fossil fuels will continue to dominate the global energy mix, meeting most of the increase in overall energy use. The shares of nuclear power and renewable energy sources will remain limited. The Earth’s energy resources are more than adequate to meet demand until 2030 and well beyond. Less certain is how much it will cost to extract them and deliver them to consumers. Fossil-fuel resources are, of course, finite, but we are far from exhausting them. The world is not running out of oil just yet. Most estimates of proven oil reserves are high enough to meet the cumulative world demand we project over the next three decades. Our analysis suggests that global production of conventional oil will not peak before 2030 if the necessary investments are made. Proven reserves of gas and coal are even more plentiful that those of oil. There is considerable potential for discovering more of all these fuels in the future.

Item Type: Monograph (Working Paper)
Series Name: 0
Language: English
Publisher: Rijksuniversiteit Groningen. Universiteitsbibliotheek
Status: Published
Date Deposited: 02 Jun 2020 10:44
Last Modified: 02 Jun 2020 10:44

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