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According to their peer-reviewed report, oil production in 2030 would not exceed 75 million barrels per day (11.9 × 10 ^ 6 m 3 /d) while the IEA forecasts a production of 105 million barrels per day (16.7 × 10 ^ 6 m 3 /d). The lead author of the report, Kjell Aleklett, has claimed that IEA's reports are "political documents". [87]
The IEA's "Electricity 2024" report details a 2.2% growth in global electricity demand for 2023, forecasting an annual increase of 3.4% through 2026, with notable contributions from emerging economies like China and India, despite a slump in advanced economies due to economic and inflationary pressures. [32]
The International Economic Association (IEA) is an NGO established in 1950, [1] at the instigation of the Social Sciences Department of UNESCO. [2] To date, the IEA still shares information and maintains consultative relations with UNESCO. In 1973 the IEA became a federated member of the International Social Science Council. [3]
Global oil demand growth is expected to increase a little this year but slip in 2011, as fuel stockpiles surge and concern persists that world economic growth could falter, the International ...
The annual World Energy Outlook (WEO) is the International Energy Agency's (IEA) flagship publication on global energy projections and analysis. [1] It contains medium to long-term energy market projections, extensive statistics, analysis and advice for both governments and the energy business regarding energy security, environmental protection and economic development.
In 2019 the IEA predicted that coal use would plateau in 2022, [13] whereas UBS bank forecasts 2023. [14] In 2020 China set a carbon neutral target date. [15] [16] In 2021, the government ordered all coal mines to operate at full capacity at all times, including holidays; approved new mines, and eliminated restrictions on coal imports. [17]
The United States Energy Information Administration projects (as of 2006) world consumption of oil to increase to 98.3 million barrels per day (15.63 × 10 ^ 6 m 3 /d) in 2015 and 118 million barrels per day (18.8 × 10 ^ 6 m 3 /d) in 2030. [57] This would require a more than 35 percent increase in world oil production by 2030.
The Institute of Economic Affairs (IEA) is a British right-wing free market think tank, [7] which is registered as a charity. [8] Associated with the New Right in the United Kingdom, [5] [6] the IEA describes itself as an "educational research institute", [9] and says that it seeks to "further the dissemination of free-market thinking" by "analysing and expounding the role of markets in ...