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ET4407 Project 1 Presentation

ET4407 Project 1 Presentation. Sean Goldrick 10105751 Paper Reviewed: World Energy Outlook 2012, IEA Report Topic: Energy/Climate Change. What was my paper about?. The World Energy Outlook through 2035 The future for oil, coal, gas, nuclear energy and renewables

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ET4407 Project 1 Presentation

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  1. ET4407 Project 1 Presentation Sean Goldrick 10105751 Paper Reviewed: World Energy Outlook 2012, IEA Report Topic: Energy/Climate Change

  2. What was my paper about? • The World Energy Outlook through 2035 • The future for oil, coal, gas, nuclear energy and renewables • The changing global energy map • Effects of a self sufficient North America • Increasing Energy demand, efficiency and the future

  3. Energy Outlook Through 2035 • Overall commitments to increase energy efficiency are not being met • Oil demand will peak around 2020 • In OECD countries, coal will decline • Natural gas usage will grow dramatically • Nuclear power will decline, mainly due to safety concerns in light of Fukushima • Renewables will account for 35% of energy by 2035

  4. The Changing Global Energy Map • USA becoming self-sufficient • Middle Eastern supplies will be boosted with the newfound growth in the Iraqi market, largest oil exporter by 2035 • Europe is facing a future of energy dependency and is in danger of becoming hostage to international supplies • In Asia, while China has an abundance of coal, oil imports are going to become a growing concern in transport. Japan is nearly completely dependant on oil imports

  5. A Self Sufficient North America • By 2020 the US is predicted to become the world’s largest oil producer and will become a net oil exporter by 2030. • New technologies for natural gas and becoming a net exporter will give way to cheaper energy in the US. • Reduction in US imports will cause security concerns for pipelines in middle-east and Asia.

  6. The Futures Needs • Non-OECD countries demand is going to increase while OECD will become steady. • 1.3 billion people remain without access to electricity, a $1trillion investment is needed to combat this by 2030. • Water is becoming a big issue, 583bcm of water were used globally in 2010 and is expected to rise by 85% by 2030. • The increase in renewables will lead to a reduction in subsidies which could slow this progress, Investment in cheaper technologies is needed • 80% of the building sector and ~50% of industry still remain inefficient and this will be a major issue going forward

  7. Questions??? • Useful Sites: • http://www.iea.org/ • http://www.oecd.org/ireland/ • http://www.worldenergyoutlook.org/ • http://www.seai.ie/

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