Iii - Energy and Climate Global Energy Demand and Supply-Present and Future
Iii - Energy and Climate Global Energy Demand and Supply-Present and Future
Iii - Energy and Climate Global Energy Demand and Supply-Present and Future
Rising sea level and more frequent intense storms may interfere with
energy production and delivery by damaging electricity networks, fuel
supply infrastructure and equipment, power plants or storage facilities.
The WEC has built two scenarios typified by characteristics, which, each
from their own perspective, may comprehensively describe large parts of the world
in 2050. In this scenario exercise, the elements of the two scenarios are
generalized as being applicable to the (albeit imaginary) whole world: the more
consumer driven Jazz scenario and the more voter-driven Symphony scenario.
While the scenarios are ‘music based’, they are completely different in nature.
Jazz- As an energy scenario, Jazz has a focus on energy equity with priority given
to achieving individual access and affordability of energy through economic
growth.
JAZZ SYMPHONY
World where customers focus on achieving World where there is agreement among
energy availability, sustainability and quality voters to support environmental sustainability
of supply through the use of the best energy and energy security through acceptable
sources available. practices and policies.
Main players are multi- Governments, the public sector and private
national corporations, banks, venture capital companies, NGOs and eco-
ists and consumers who are price conscious friendly voters are key players.
.
On competitive markets innovations are Governments pick winners in innovation
selected
Sources of energy compete according to Governments endorse and enable established
price and availability. energy sources
Higher GDP growth due to more country- Lower GDP growth due to lower productivity,
wide integration, higher international greater environmental restrictions and a more
competition and reduced environmental capital-intensive road to development
constraints.
Free trade policies lead to exports rising Nationalist policies reduce exports / imports
Renewable and low-carbon energy rises Several forms of low-
according to market demand carbon and renewable energy actively
promoted by the governments
In the absence of international commitments The carbon market is top down, with
on the carbon market, global, national and obligations and allocations focused on
local policies are growing more gradually international agreement.
from the bottom up.
Conclusion