The 2012 edition of the World Energy Outlook was released on 12 November and presents authoritative projections of energy trends through to 2035 and insights into what they mean for energy security, environmental sustainability and economic development. Oil, coal, natural gas, renewables and nuclear power are all covered, together with an update on climate change issues. Global energy demand, production, trade, investment and carbon dioxide emissions are broken down by region or country, by fuel and by sector.
WEO-2012 presents in-depth analysis of several topical issues, such as: the benefits that could be achieved if known best technologies and practices to improve energy efficiency were systematically adopted; the dependence of energy on water, including the particular vulnerabilities faced by the energy sector in a more water-constrained future; how the surge in unconventional oil and gas production in the United States is set to have implications well beyond North America; and a detailed country focus on Iraq, examining both its importance in satisfying the country’s own needs and its crucial role in meeting global oil and gas demand. Furthermore, it analyses the implications of energy trends on climate change, quantifies the cost of subsidies to fossil fuels and renewables, which are both coming under closer scrutiny in this age of austerity, and presents measures of progress towards providing universal access to modern energy services.