THE International Energy Agency (IEA) Thread pt 3 (merged)

[dolanbaker]

.
Japan like Europe and the U.S. got rid of a lot of manufacturing offshore
it's great for the mother companies , they keep the Research and development ,
the financial structure ,the merchandizing ....Etc
all the energy intensive , socially troublesome manufacturing process is send far away
energy costs are now hidden in the containers unloaded at the docks

Chinese R&D has been advancing in leaps and bounds in recent years, it won't be long before Chinese products are 100% designed and made in china, rather than just components used in US/EU designed products.
When they start on the financial structure, then people will really wake up!

[Graeme]

Report: Renewable energy generation to increase 40% by 2017

A report from the International Energy Agency says that, despite economic uncertainties in several countries, power generation from wind, solar, hydroelectric and other renewable sources is expected to increase by more than 40 percent to almost 6,400 TWh by 2017.
The study, Medium-Term Renewable Energy Market Report 2012, says that renewable power generation should increase by 1,840 TWh between 2011 and 2017, almost 60 percent above the 1,160 TWh growth registered between 2005 and 2011. Non-Organization for Economic Co-operation and Development (OECD) countries will account for two-thirds of this growth, and significant development is expected in the U.S., Brazil, India and Germany, among others.
According to BNamericas, Brazil will add 32 GW of renewable energy to its power grid over the next five years, putting the country tied at fourth with Germany among countries expected to expand most in the renewable energy sector by 2017. China is ranked first with plans to install 270 GW, followed by the U.S. with 56 GW and India with 39 GW, the article said.
Hydropower continues to account for the majority of renewable generation and it registers 730 TWh of growth, the largest absolute growth of any single renewable technology over the next five years, largely driven by non-OECD countries. Onshore wind, bioenergy and solar photovoltaic see the largest increases, respectively, in generation after hydropower. Offshore wind and CSP grow quickly from low bases. Geothermal continues to develop in areas with good resources. Ocean technologies take important steps towards commercialization.

power-eng

[Graeme]

Wind Power Will Grow by 100 TWh per Year, Says IEA

Wind power will be the second biggest contributor to global renewable electricity generation by 2017, according to a ground-breaking report by the International Energy Agency (IEA).

Despite economic uncertainties in many countries, global power generation from renewable sources including wind will increase by more than 40% to almost 6,400 terawatt hours (TWh) — roughly the equivalent of one-and-a-half times current electricity production in the U.S., predicts the Medium-Term Renewable Energy Market Report 2012.

This is the first time the IEA has devoted a medium-term report to renewable power sources and the agency says this is “a recognition of the dynamic and increasing role of renewable energy in the global power mix”. It forecasts that renewable electricity generation will expand by 1,840 TWh between 2011 and 2017, almost 60% above the growth registered between 2005 and 2011.

By 2017, wind power (onshore and offshore) should make the largest contribution to global renewable electricity generation after hydro at 16.7%. Between 2011 and 2017, wind power should grow on average by 100 TWh per year — an increase of 15.6%, says the IEA. Onshore wind power will account for 90% of this growth, as its capacity rises from 230 GW to over 460 GW.

renewableenergyworld

[Ferretlover]

Tracking Clean Energy Progress:
Energy Technology Perspectives 2012 excerpt as IEA input to the Clean Energy Ministerial

Global demand for energy shows no signs of slowing; carbon dioxide emissions keep surging to new records; and political uprisings, natural disasters and volatile energy markets put the security of energy supplies to the test.

More than ever, the need for a fundamental shift to a cleaner and more reliable energy system is clear. What technologies can make that transition happen? How do they work? And how much will it all cost?

The 2012 edition of Energy Technology Perspectives (ETP), to be released in June, answers these and other fundamental questions. Its up-to-date analysis, data and associated website are an indispensible resource for energy technology and policy professionals in the public and private sectors.

ETP 2012 is the International Energy Agency’s most ambitious and comprehensive publication on new energy technology developments. It demonstrates how technologies – from electric vehicles to wind farms – can make a decisive difference in achieving the internationally agreed objective of limiting global temperature rise to 2°C above pre-industrial levels. It also provides guidance for decision makers on how to reshape current energy trends to build a clean, secure and competitive energy future...

In summary, the following analysis finds that a few clean energy technologies are currently on track to meet the 2DS objectives. Cost reductions over the past decade and significant annual growth rates have been seen for onshore wind (27%) and solar photo-voltaic (PV) (42%). This is positive, but maintaining this progress will be challenging...

The technologies with the greatest potential for energy and carbon dioxide (CO2) emissions savings, however, are making the slowest progress:

carbon capture and storage (CCS) is not seeing the necessary rates of investment into full-scale demonstration projects and nearly one-half of new coal-fired power plants are still being built with inefficient technology;

vehicle fuel-efficiency improvement is slow;

and significant untapped energy-efficiency potential remains in the building and industry sectors.

The transition to a low-carbon energy sector is affordable and represents tremendous business opportunities, but investor confidence remains low due to policy frameworks that do not provide certainty and address key barriers to technology deployment. Private sector financing will only reach the levels required if governments create and maintain supportive business environments for low-carbon energy technologies.

[Graeme]

Heres' the link.

[Ferretlover]

IEA may release oil reserves as soon as September

World oil consumers are poised to tap into emergency oil inventories as soon as early September after the International Energy Agency (IEA) dropped its resistance to a U.S.-led plan, a source and an oil journal said on Friday.

The IEA, whose chief dismissed the need for emergency action as recently as a week ago, is now thought to have agreed to the idea, the industry journal Petroleum Economist reported on Friday, citing unnamed sources.

The agency, which advises industrialized countries on energy policy, was worried that key members including the United States, France and Britain might make act together to draw on stockpiles without coordinating with the rest of the group, undermining its credibility, according to the report, which was largely substantiated by an industry source.

"The U.S. is the main driver, the IEA sees no need for a release. However, if major consumers such as the U.S., UK and France want a release, the IEA is likely to step up and play a role," said the source, who spoke on condition of anonymity.

"A release could be as early as September."

News that consumer nations could be moving quickly toward intervening in oil markets again weighed on prices, with benchmark Brent crude falling $1.42 a barrel or 1.2 percent to close at $113.59 a barrel. The impact was muted by oil platform closures as a storm heads toward the U.S. Gulf.

The Petroleum Economist said that the sharp decline in Iran's oil exports this year would be used as a justification.

reuters

[dohboi]

Thanks for adding the link, G.

Do you think the timing of the release has anything to do with the timing of the election?

[Graeme]

Possibly. I think it should be clear to you why this decision was made by looking the the recent statement published by the EIA (see EIA thread):

Global spare oil inventories tightened over the last two months, a U.S. government report said on Friday, which could lend the Obama administration some support if it decides to tap emergency oil reserves as the West applies sanctions on Iran.

World crude inventories in countries other than Iran fell about 1.2 million barrels per day in July and August, due mostly to a seasonal peak in demand, said the report by the Energy Information Administration.

The report, required by the Iran sanctions law President Barack Obama signed last year, is published every two months by the Energy Information Administration. A copy of it was obtained by Reuters ahead of its publication.

The draw was smaller than a 1.6 million-bpd dip seen last year in the same time period. But any drop in supplies due to demand, in addition to a sharp decline in Iranian oil sales because of the sanctions, could give the Obama administration support to tap emergency oil reserves.

reuters

[Graeme]

IEA Head Says Oil Market Doesn’t Have Serious Supply Outage

The oil market has enough supply and there is no need for the release of emergency inventories for the moment, the head of the International Energy Agency said.

“We don’t have a serious disruption of supply,” Maria van der Hoeven, head of the Paris-based energy adviser, said today in an interview in Stavanger, Norway. “The market is sufficiently well supplied and when there is the collective action needed as there was last year, it can only be when we are talking about a serious disruption of supply.”

The IEA’s 28-member countries made available 60 million barrels of crude and oil products in June 2011 after Libyan output was disrupted by an armed uprising against Muammar Qaddafi. Brent crude prices peaked last year at about $127 a barrel in mid-April and briefly fell below $105 in late June. Oil traded at $112.14 a barrel in London today after gaining almost 26 percent since the end of June.

Rising gasoline prices and production cuts tied to Tropical Storm Isaac churning through the Gulf of Mexico have boosted speculation the U.S. will announce a release from its Strategic Petroleum Reserve. The IEA also made supplies available when Hurricane Katrina struck rigs and refineries in 2005.


U.S. authorities haven’t contacted the IEA on the use of emergency supplies, Hoeven said.

bloomberg