IEA Energy Scenarios
Published each year, the International Energy Agency’s (IEA) World Energy Outlook (WEO) is a leading source of scenario-based analysis of global energy demand and supply. This year’s WEO explores the impact of both short-term volatility in energy markets and the long-term trend of decarbonization.
What do the analysis and insights tell us about potential pathways for the world’s energy future and the implications for Canada’s natural resources? How is government action and technological development changing the shape of these pathways and what are the major sources of uncertainty? And what can Canada do to prepare for these potential futures?
David, Sara, Ed, and the International Energy Agency’s Chief Energy Economist, Tim Gould discuss the 2022 WEO and implications for Canada on Season 4 Episode 4 of Energy vs Climate.
EPISODE NOTES:
@2:25 – International Energy Agency’s: The World Energy Outlook Report
@6:40 – Shell’s Energy Modeling
@8:00- Key findings of the World Energy Outlook
@8:29 – Extreme Heat & Global Food Insecurity
@9:46- Europe’s Fit for 55 Package
@13:18 Improving the way we think about projecting future energy use and emissions of carbon dioxide
@24:15 Global Energy crisis can lead to a cleaner and more secure future
@29:05 New energy-security paradigm
@34:20 Doyne Farmer’s Empirically Grounded Technology Forecasts and the Energy Transition
@35:40 Canada’s LNG exports to Asian market and what it means for emissions
@46:50 Russia’s role as global energy supplier will continue to shrink
@54:54 China’s pledge to promote low Carbon energy development
About your co-hosts:
Tim Gould was appointed the Agency’s Chief Energy Economist in 2021. As Chief Energy Economist, he provides strategic advice on energy economics across a wide range of IEA activities and analysis. Mr Gould joined the IEA in 2008, initially as a specialist on Russian and Caspian energy, and in recent years has designed and directed the World Energy Outlook together with the IEA’s Chief Energy Modeller while contributing to the Outlook as a principal author. Prior to joining the IEA, Mr Gould was Senior Advisor to the Secretary General of the Energy Charter and has ten years of experience in Eastern Europe, primarily in Ukraine. He graduated from Oxford University and has a post-graduate diploma from the School of Advanced International Studies of Johns Hopkins University.
David Keith is a professor at Harvard in Engineering and the Kennedy School. He is the founder of Carbon Engineering and was formerly a professor at the University of Calgary. He splits his time between Canmore and Cambridge.
Sara Hastings-Simon studies energy transitions at the intersection of policy, business, and technology. She’s a policy wonk, a physicist turned management consultant, and a professor at the University of Calgary and Director of the Master of Science in Sustainable Energy Development.
Ed Whittingham is a clean energy policy/finance consultant, fellow at the Public Policy Forum and a mentor with the Creative Destruction Lab. He is the former executive director of the Pembina Institute.