Energy vs IEA Oil and Gas Scenarios

Published each year, the International Energy Agency’s (IEA) World Energy Outlook (WEO) is a leading source of scenario-based analysis of global energy demand and supply. This year, as the global energy crisis shows signs of calming, the WEO finds a peak in fossil fuels before 2030 across all scenarios. The result has been met with skepticism by some politicians in Canada, with Alberta’s Premier Danielle Smith going so far as to question the credibility of the organization. A follow-on special report from the IEA on the oil and gas industry in net zero transitions, released on November 23, offers additional insights on the role of oil and gas producers in achieving a decarbonized global energy sector.David, Sara, Ed, and the International Energy Agency’s Chief Energy Economist, Tim Gould discuss the findings of these IEA reports and the implications for Canada and its natural resources on Season 5, Episode 6 of Energy vs Climate.EPISODE NOTES @3:20 – World Energy Outlook 2023@6:10 – Oil and gas industry faces moment of truth – and opportunity to adapt – as clean energy transitions advance@9:45 – Electric Vehicles @10:53 – China’s electric vehicle surge will shock global markets@14:06 – Oil demand to begin long-term decline this decade, according to new Pembina report@24:01 – Oil Companies Are Preparing for a Lucrative Decline@24:26 – Building Momentum Toward Net Zero @29:05 – Canada’s Energy Future 2023 @32:50 – The Place of Energy Security in the National Security Framework: An Assessment Approach@42:26 – Canada introduces framework to cap greenhouse gas pollution from oil and gas sector@45:34 – Minister Guilbeault announces Canada’s draft methane regulations to support cleaner energy and climate action@46:40 – World Energy Investment 2023@56:26 – Economic Research: Climate Change Will Heighten Output VolatilitySend us a text (if you'd like a response, please include your email)Follow us on:LinkedInBlueskyX/TwitterInstagramEnergy vs Climate relies on the support of our generous listenersDonate to keep Energy vs Climate goingProduced by Bespoke Podcasts