28.11.2018

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This publication details global energy trends and what possible impact they will have on supply and demand, carbon emissions, air pollution, and energy access. The scenario-based analysis outlines different possible futures for the energy system across all fuels and technologies.

In 2017, for the first time, the number of people without access to electricity dipped below one billion, according to the World Energy Outlook 2018 published in late November by the International Energy Agency (IEA).
 
Nevertheless, trends on energy access likewise fall short of global goals. More than 700 million people are projected to remain without electricity in 2040, most of them living in rural settlements in sub-Saharan Africa. Moreover, only slow progress has been made in reducing reliance on the traditional use of solid biomass as a cooking fuel, the authors state.
 
While the geography of energy consumption continues its historic shift to Asia, the report finds mixed signals on the pace and direction of change. Oil markets, for instance, are entering a period of renewed uncertainty and volatility, including a possible supply gap in the early 2020s. Demand for natural gas is on the rise, erasing talk of a glut as China emerges as a giant consumer.

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