IEA: global energy use to fall 2009

18:50, November 11, 2009      

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As one of the consequences of the financial crisis, global energy use is set to fall in 2009, for the first time since 1981, according to The World Energy Outlook 2009.

The International Energy Agency (IEA) launched the new World Energy Outlook 2009 (WEO) Tuesday in London. WEO is the annual flagship publication of the IEA.

Projected global demand was lower than in last year's report, reflecting the impact of the economic crisis, so the preliminary data point to a fall in 2009 of up to 2 percent. But demand growth rebounds thereafter, averaging 2.5 percent per year from 2010 to 2015, said the WEO 2009.

The WEO 2009 said fossil fuels will continue to dominate the energy mix, accounting for more than three-quarters of incremental demand. Non-OECD countries account for over 90 percent of this increase.

WEO 2009 demonstrates that containing climate change is possible but will require a profound transformation of the energy sector.

"WEO 2009 provides both a caution and grounds for optimism. Caution, because a continuation of current trends in energy use puts the world on track for a rise in temperature of up to 6 centigrade and poses serious threats to global energy security. Optimism, because there are cost-effective solutions to avoid severe climate change while also enhancing energy security and these are within reach as the new Outlook shows," said Nobuo Tanaka, Executive Director of IEA.

The IEA is an intergovernmental organization which acts as energy policy advisor to 28 member countries in their effort to ensure reliable, affordable and clean energy for their citizens.

Source: Xinhua
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