Energy futures Flashcards
Why is it difficult to forecast energy mixes
Range of new tech, supplies, economic, environmental and political conditions.
According to the World Energy Council (WEC), by 2050, what percentage of the world energy mix be made up of non carbon emiting sources?
Around 40%
What could happen to the use of coal?
Could remain important - development of clean carbon technologies - Carbon Capture and Storage (CCS)
What will happen to oil in the future energy mix?
Decline in necessity - electric vehicles.
What will happen to average energy use per capita globally?
Developed countries - will decrease per capita - shift to renewables
Offset by increasing per capita usage in undeveloped areas.
What did the UK agree to in the Paris Climate Agreement of 2015?
Legally committed to NET ZERO by 2050
What are future tech developments in energy?
Hydrogen - to gen high energy - density fuel.
‘hydrogen economy’
BUT - difficult to store and expensive to develop.
What are future economic developments?
Developing countries - increased energy demands.
Natural gas production will increase in every region apart from Europe.
What are environmental developments?
CCS - mitigates effect of burning coal.
Targets for carbon emissions will become a stricter priority
How will political developments impact future energy supply and demand?
Global governance - dictate pace of change
TNCs will still influence
Dev countries increase reliance on TNCs for tech and resources
Scramble for previously protected areas as supplies decrease
