World Energy Outlook 2017 (Executive Summary)

Four large-scale shifts in the global energy system set the scene for the World Energy
Outlook-2017 (WEO-2017):

  • The rapid deployment and falling costs of clean energy technologies; in 2016, growth
    in solar PV capacity was larger than for any other form of generation; since 2010, costs
    of new solar PV have come down by 70%, wind by 25% and battery costs by 40%.
  • The growing electrification of energy; in 2016, spending by the world’s consumers on
    electricity approached parity with their spending on oil products.
  • The shift to a more services-oriented economy and a cleaner energy mix in China, the
    world’s largest energy consumer, subject of a detailed focus in this Outlook.
  • The resilience of shale gas and tight oil in the United States, cementing its position as
    the biggest oil and gas producer in the world even at lower prices.

Author:

International Energy Agency (IEA)

Version
File Type pdf pdf
File Size 1.04 MB
  China     LNG     RES     shale gas     sustainability  
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