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IEA: Recession lowers global energy outlook to 2030

11/16/2009
By Marilyn Radler
In its 2009 World Energy Outlook (WEO), the International Energy Agency projects in its reference scenario that global energy demand will climb 40% between 2007 and 2030, and the agency says that the world's energy resources are adequate to meet this projected demand increase through 2030 and well beyond.In last year's WEO, IEA projected that worldwide energy demand would expand by 45% between then and 2030.In the current reference scenario, IEA assumes that government policies will go unchanged throughout the period. Fossil fuels remain the dominant sources of energy worldwide, accounting for 77% of the demand increase to 2030. By far, coal will see the largest increase in demand over th...
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