Last week the International Energy Agency (IEA) released its World Energy Outlook (WEO) 2019. The WEO projects global energy supply and demand through 2040, under three different scenario assumptions: The Current Policies Scenario (CPS) shows what happens if the world continues along its present path, without any additional changes in policy. The Stated Policies Scenario (SPS) incorporates today’s policy intentions and targets. The Sustainable Development Scenario (SDS) maps out a way to meet sustainable energy goals in full, requiring rapid and widespread changes across all parts of the energy system. Under the CPS, energy demand rises by 1.3% each year to 2040. This would result in a steady climb in energy-related emissions, and growing strains on almost all aspects of energy security. With the SPS, low-carbon sources, led by solar photovoltaics (PV), supply more than half of all energy growth. Natural gas, aided by increasing trade in liquefied natural […]