IEA reports shows rising demand for electricity, need for energy diversity • FRANCE 24 English

Time for business then with Charl. Uh he’s beginning with a fresh forecast on energy demand. Charl, that’s right. Uh Stuart, the International Energy Agency published its annual world energy outlook this Wednesday and among its key findings is the fact that they see energy demand rising much faster than overall energy growth. So meaning demand will outpace supply boosted by the drive to build more uh AI data centers as well as demand for heating and cooling and general electrification. And in a new trend that increase in demand is as much dem e emanating from developing countries as it is from advanced economies. To deal with uh that the Paris space organization is underlining the need for a diversified set of energy sources. Uh they say renewables especially solar power will grow faster than any other major source in the next few decades. Nuclear energy will also increase by at least a third by 2035. This despite the US’s move to uh reinvest in fossil fuels. What about oil demand, Sh? Well, this has been a tricky issue for the IEA to deal with. It has previously forecasted that oil would peak at the end of this decade, attracting criticisms from both the United States and from the oil producing nations of OPEC. Uh with the Trump administration even threatening to walk out of the agency altogether. And this year, for the first time in five years, uh the IEA has brought back the uh so-called current policy scenario in which the forecast is based on policies as they currently stand without taking into account any changes that countries are promising to make. And by this measure, their forecast on peak oil demand falls closer to what the US and OPEC nations are seeing, meaning a peak around 2050. It also warned that this would lead to temperatures rising above two degrees C at that same moment and will continue to rise. Uh the scenario the IEA has preferred to use in recent years is the stated policy scenario which takes into account policy commitments that have been made. In that scenario, the peak for oil demand is reached in 2030 with temperatures exceeding 2° C by 2060 and then 2.5° by the end of the century. There’s also a third scenario which considers a world in which net zero emissions is reached by 2050. In that one, global warming peaks above the 1.5°C target set in Paris 10 years ago and would slowly decline by the end of the century. The IEA in line here with what’s being said at COP 30 in Brazil that global warming now exceeding the 1.5 degrees C threshold appears almost inevitable. Let’s move on now to the US. more pressure on lawmakers in the House to end the government shutdown there. That pressure coming from the Trump administration’s transportation secretary Shan Duffy warning of increased travel disruption if a funding bill is not passed soon. And ahead of the Thanksgiving holiday weekend, over 9,000 flights have been cancelled since the Federal Aviation Administration ordered flight cuts uh last week to ease demand on control towers. Take a listen. So, if the government doesn’t open, if the House doesn’t do its job, uh I’ve had questions about what happens for Thanksgiving, there’s a lot of Thanksgiving travel, what’s going to happen uh during that time frame. I’m going to tell you, we are not going to get to Thanksgiving. You’re going to see this Friday, Saturday, and Sunday. The big disruption thus far, massively more disruption as we come into the weekend if the government doesn’t open. Um it is it is going to radically slow down. Sean Duffy there. Now to France lawmakers still hard at work on trying to agree a budget for next year. The divided National Assembly is aiming to get the budget approved by December 31st, but a raft of amendments and haggling is slowing down the process and raising the threat of a no confidence vote for the government of Sebastian. Uh this Wednesday, lawmakers will vote on the financing of France’s social security where the question of suspending Emanuel Mron’s controversial pension reform will be tackled. The suspension is central to an agreement struck between the government and the socialist party by which the socialists will not vote to censor Lukon if it passes. The government has expressed confident this will pass. Discussions will then return to a bill relating to the state revenue collection where attacks on the wealthiest households will will attract uh considerable attention. And we’re going to end with a look at the markets from SH in Europe. Uh at the open, we’re seeing all shares uh trading higher. The positive momentum seen earlier this week continuing boosted by the perspective of an end of the US government shutdown. You can see the Kawan in Paris up 4/10en of a percent. We’re also seeing a similar picture in Asia except uh for the Shanghai composite trading just below uh the flatline. One share particular in focus Japanese tech conglomerate Soft Bank uh seeing its shares tumble after announcing it had sold all its Nvidia shares. the US chip maker uh to double down on AI investments.

The International Energy Agency (IAE) released its annual World Energy Outlook this Wednesday, underlining the growing global demand for electricity, boosted by the rush to build AI data centres. The report also shows renewable energy outpacing fossil fuels despite the US turning its back on key climate commitments. Also in this edition: US Transportation Secretary Sean Duffy puts pressure on lawmakers to end the shutdown and warns of air travel chaos over Thanksgiving.
##Energy ##Electricity ##Oil

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19 comments

  1. Good thing rightwingers around the world are doing everything in their power (pun intended) to make sure wind, solar and more are non-viable in the countries they are in power, making absolutely sure that demand is never met and making energy production massively unstable for no reason.

  2. Yes EU will continue to be a vesel of the USA, as energy dependance and cost will increase as EU leaders choose to bend to Biden and start the war with Russia

  3. Use the regenerative grid theory to stay ahead of the game. Absorb surplus grid energy as battery fill, heat battery inputs, and hydrogen production. Waste far less, while earning far more.

  5. Why would countries that want to only use solar and wind want MORE energy. They are suppose to be shutting it down because of the effects energy production has on the climate and planet. Standards of living have to go DOWN not up. People who want to save the planet cannot demand more energy. It is the energy that, according to their politicians and bureaucrats, drives all the pollution, that is killing the planet. No one gets MORE energy…if they are voting to SLASH energy production.
    It’s like banning eating meat…NO ONE GETS MEAT….but demanding MORE meat production.
    Someone is sneaking and eating meat! 🌎

  7. just think, our entire world could have been cord-free. We could have had free electricity for the entire planet, no power cords anywhere, our electronics would just run without being plugged in… but CAPITALISM WON THE CENTURY. And Tesla's research and inventions were literally buried by our government(s) so they could accept money from the private electricity industry, who promised to pay those politicians quite handsomely for their betrayal of their citizenry. We wouldn't be tripping over cords and using surge protectors, we wouldn't have astronomically exorbitant electric bills to make the energy 'companies' all their trillions of dollars, that they then dispense to the government officials who allow them to jack their rates with no regulation whatsoever, constantly driving up the cost of living for the entire planet. I think we should force the electric companies to transition to clean energy, implement Nikola Tesla's free electric grid, and they can go home and live in poverty like they've forced on the rest of the world for a century.

  8. Sure, let's complain about energy consumption while simultaneously building trillions of dollars worth of massive server farms for crypto currency, which serves only about a tenth of one percent of the ppl. Let's shout that its the consumers turning on their lights at home, and not the 5,000-acre servers running 24/7 and using millions of times the amount of power, that are the real problem. How can you skip the point so craftily?

  11. and how much of this accounts for water needs for data centres? a real look at how much will be needed in the next ten years?

  13. Solar and wind power generated electricity is commercially worthless. It has created a huge market for by-product natural gas from the emerging oil fracking industry of the 2000s. Just the natural gas cost for running natural gas turbines at high readiness making near zero electricity is more costly in natural gas than than making all the electricity with natural gas combined cycle power stations. Since little natural gas is generating electricity the large natural has cost is hidden from the public. The UK is culling wind farm output to save on natural gas. NASA reports global warming at 1°C since 1992. The cause of global warming is not known.  

    US vise president Al Gore 1993 – 2000) received $70 million USD from the Arab natural gas exporting country Qatar from its state owned Al Jazeera news network 2015 purchase of Al Gore’s Current TV. Al Gore's 2006 film "An Inconvenient Truth" with its on going ramifications forced power grids to support large amounts of wind power the most expensive natural gas form of providing electricity creating a needed new market for the emerging oil fracking by-product natural gas industry of the 2000s. Steam turbine generators able to use a broad range of fuels react too slowly to support the generating space of solar and wind generated electricity.

  14. For the last time, IEA DOES NOT DO FORECASTS. It is SCENARIOS outlining the effect of different government policy. It might seem like semantics but there's a huge difference.

  16. The standard main breaker in modern US homes is 200 amp (amperage). I can run my air conditioner and washer and dryer without tripping a breaker.

    This was not my experience in Italy nor Austria. I really wish homes in Europe had as much power. I kept tripping breakers while out there.

  17. And then where is that reported massive conversion to renewables supposed to be replacing Fossil or Natural Gas plants, is truly Non Existent save to imaginary minda of the left.

  18. Hey did you ever consider buoyancy as a method of returning the weight in a gravity battery, rather than winching it up? I think a large steel ball actually can be made buoyant, and using a vertical water column you could probably time things to return the weight over and over, faster than it drops. I think this makes virtually unlimited energy.

  19. CO2 EQ is at 560 parts per million. That's double the pre-industrial level. The most up-to-date research on climate sensitivity says that level of carbon dioxide will produce 4.5 degrees C of warming. All the numbers you throw around are unsupported by reality. They are commitments and projections and promises and theoretical calculations. In other words they're useless propaganda from the oil-producing nations.

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