June 17, 2014
8:30 am - 10:00 am
The Center on Global Energy Policy hosted a presentation and discussion with Eirik Waerness, Chief Economist, Statoil ASA, on Statoil’s 2014 “Energy Perspectives” report, which was released on June 13th, 2014. The report presents a macroeconomic and long-term outlook for energy production and consumption up to 2040. Initial findings for the base case include:
– Average economic growth globally of 3% a year until 2040, with average energy demand increasing at 1.2% per year
– Oil demand peaking around 2030
– Carbon dioxide emissions peaking in the early 2030s
– Overall strong growth in new renewable generation capacity
In addition to a base case the report also examines two alternative scenarios. One looks at the impact of increased geopolitical conflict, declining economic integration, and slower growth. The other examines the impact of energy and climate policies that would result in lower carbon emissions and a “greener” energy mix. Center Director Jason Bordoff moderated the discussion following the presentation.
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