IEA: Fossil energy to dominate market through 2030

11/20/2006
Fossil fuels will dominate the energy market through 2030 as oil’s share slips to 33% from 35%, according to the International Energy Agency’s World Energy Outlook 2006.The report said the reliance on fossil fuels prevails both in a reference scenario, where current policies remain the same, and in an alternative policy scenario where governments act strongly to create “an energy future which is clean, clever, and competitive,” but at a lower level.In the reference scenario, oil demand would grow by 1.3%/year during 2005-30-broadly in line with gross domestic product-averaging 1.7% in 2005-15 and 1.1% in 2015-30. It would reach 99 million b/d in 2015 and 116 millio...
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