Naumova

15
The Energy Outlook to 2030: global trends and what can bend them? Alexander Naumov Cambridge, December 2011

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Transcript of Naumova

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The Energy Outlook to 2030: global trends and what can bend them?Alexander NaumovCambridge, December 2011

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© BP 2011Energy Outlook 2030 2

Global trends

What can bend the trend?

Outline

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© BP 20113

0.0

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0.4

0.6

1820 1840 1860 1880 1900 1920 1940 1960 1980 2000 2020

Historical trends and patterns of development

toe per thousand $2009 PPPForecast

Energy use per unit of GDP

UK

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1820 1840 1860 1880 1900 1920 1940 1960 1980 2000 2020

Historical trends and patterns of development

toe per thousand $2009 PPPForecast

Energy use per unit of GDP

UK

US

Japan

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© BP 2011Energy Outlook 2030 5

0.0

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1820 1840 1860 1880 1900 1920 1940 1960 1980 2000 2020

Historical trends and patterns of development

toe per thousand $2009 PPPForecast

Energy use per unit of GDP

US

Japan

Russia/USSR

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Historical trends and patterns of development

toe per thousand $2009 PPPForecast

Energy use per unit of GDP

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1820 1840 1860 1880 1900 1920 1940 1960 1980 2000 2020

US

World

China

India

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The long view: Energy consumption and fuel mix

Billion toe

World commercial energy use Contribution to total energy growth

% p.a.

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1

2

3

4

5

1970-1990

1990-2010

2010-2030

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1

2

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5

1850-1910

1910-1970

0

3

6

9

12

15

18

1870 1910 1950 1990 2030

RenewablesNuclearHydroGasOilCoal

* Includes biofuels

*

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Non-OECD drive energy growth, while fuel shares converge

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1990 2000 2010 2020 2030

OECD

Non-OECD

Billion toe

* Includes biofuels

0%

10%

20%

30%

40%

50%

1970 1990 2010 2030

Shares of world primary energy

Oil

Coal

Gas

Hydro

Nuclear Renewables*

Primary energy by region

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Policies to constrain carbon emissions gradually tighten

Billion tonnes CO2

by fuelby region

Index (1990=100)

Global CO2 emissions from energy use

Billion tonnes CO2

vs GDP and energy

0

10

20

30

40

1990 2010 2030

Oil

Gas

Coal

0

10

20

30

40

1990 2010 2030

OECD

Non-OECD

100

150

200

250

300

350

400

1990 2010 2030

GDP

Energy

CO2

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© BP 2011

What can bend the trend?

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1. The future path of global economic growth

Primary energy consumption Differences from Base Case, 2030

Billion toe

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5

10

15

20

2000 2010 2020 2030-20%

-15%

-10%

-5%

0%

5%

10%

15%

20% GDP

PrimaryEnergy

Oil

Gas

Coal

Non-fossil

Base Case

Low GDP Case

High GDP Case

LowCase

High Case

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2. China’s pathway

Industrialisation

Industry share - % of GDP Toe / person

Energy per capita

10

15

20

25

30

35

40

45

50

0 10 20 30 40 50GDP per capita ($2009PPP, Thousands)

0

1

2

3

4

5

6

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8

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0 10 20 30 40 50GDP per capita ($2009PPP, Thousands)

US 1879-2009

Japan 1885-2009

China 1913-2030

China 2009

Japan 1870-2009

US 1820-2009

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3. Stronger policy action on climate change

CO2 emissions from energy use Sources of carbon abatement versus Base Case, 2030

Iraq

20

25

30

35

40

2000 2010 2020 2030

Base Case

Policy Case

IEA “450 Scenario” *

Billion tonnes CO2

* a back-cast which illustrates what is required to stabilise greenhouse gas concentrations at 450 ppm from IEA, World Energy Outlook 2010

20302020

5.4 billion tonnes reduction CCS

Fuel switching

Energy efficiency

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OECD EuropeMtoe US China

4. Energy security

0

250

500

750

1000

1250

1500

1990 2010 20301990 2010 20301990 2010 20300%

25%

50%

75%

100%

Oil & gasproduction

Oil & gasconsumption

Net imports as % of consumption (rhs):

1990 – 2030 1990 – 2030 1990 – 2030

GasOil

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A trend is a trend is a trend. But the question is, will it bend? Will it alter its course Through some unforeseen forceAnd come to a premature end?

(Alec Cairncross)

Q & A

For more detail see the full outlook on our website: www.bp.com/Energyoutlook2030