The International Renewable Energy Agency (IRENA) has released a new report series on global hydrogen, showing the importance of its commercial transport and trade for the establishment of a more diversified and sustainable energy system as well as CO2 emissions reduction. Hydrogen is the most important component of a zero-energy energy system. Currently about 95% of hydrogen is produced using the steam methane reforming process...

The BP Energy Outlook 2022 defines aspects of the energy transition focusing on three main scenarios: Accelerated, Net Zero and New Momentum, which illustrate a wide range of possible outcomes for the energy system to 2050. The scenarios deal with carbon emissions including CO2, emissions from energy production and use, industrial processes, as well as natural gas flaring and from the production of fossil fuels. In all three cases,...

The Annual Energy Outlook 2022 (AEO2022) presented by the Energy Information Administration (EIA) examines long-term energy trends in the United States. Based on the Reference case that serves as a comparison between alternative trends, AEO2022 presents modeled projections and assumptions about future energy production, demand, and prices in the country from 2020 to 2050. In general, EIA concluded that energy consumption will increase...

The Climate Change Conference of the Parties in Glasgow, which ended in mid-November, was a significant milestone in the fight against global warming. Now, nearly two months after the end of the summit, after it has been displaced in the media by other topics, it is time to take a closer look at the strengths and the vulnerabilities of the agreements reached at the summit, and what else needs to be done to gain confidence that the...

The 2021 OPEC World Oil Outlook (WOO) by Organization of the Petroleum Exporting Countries (OPEC) provides review of the global oil and energy industries offering expert analysis of many of the challenges and opportunities facing the global oil industry. The forecasts made in WOO-2021 cover the long term to 2045 and take into account the changes caused by the COVID-19 pandemic. The report clearly indicates that after a massive fall in...

The World Energy Council recently published a series of working papers and reports on the global development of hydrogen and its role in the energy transition. The publications explore demand dynamics and price changes for hydrogen, as well as national strategies around the world to support the development of hydrogen technologies. Thanks to the ambition to achieve zero greenhouse gas emissions through clean energy sources, there has...

OPEC (Organization of the Petroleum Exporting Countries) has presented the 14th edition of its World Oil Outlook (WOO) exploring the prospects for the global economy and energy, with a particular focus on oil supply and demand. The researches highlight the impact of the COVID-19 pandemic on the global energy and oil markets, describing 2020 as “one of the most tumultuous periods in the history of oil”. For the first time the outlook...

Since 2010, The World Energy Council has been developing the so called Energy Scenarios, reports on the future of energy systems worldwide, providing a strategic framework aimed at helping energy leaders and policy makers to explore the quickly shifting landscape in the energy sector and make better-quality decisions. The World Energy Scenarios 2019: European Regional Perspectives report is developed in collaboration with Accenture...

With increasing frequency over the last decade we have been hearing about the revolutionary rise of renewables and a global energy transition that is going to upend the fossil-fuel energy sector. The current global clean energy agenda might even give the impression that hydrocarbons are going to lose their domination in the very near future and be replaced by solar and wind power. In his report “The “New Energy Economy”: An Exercise in...