Coal Information provides a comprehensive review of historical and current market trends in the world coal sector. This reference document brings together essential statistics on coal. It therefore provides a strong foundation for policy and market analysis, which in turn can better inform the policy decision process toward selecting policy instruments best suited to meet domestic and international objectives. An Introduction, notes, definitions and auxiliary information are provided in Part I. Part II of the publication provides a review of the world coal market in 2009, while Part III provides a statistical overview of developments, which covers world coal production and coal reserves, coal demand by type (hard, steam, coking), hard coal trade and hard coal prices. Part IV provides, in tabular and graphic form, a more detailed and comprehensive statistical picture of historical and current coal developments in OECD member countries, by region and individually. Part V provides for selected non-OECD countries summary statistics on hard coal supply and end-use statistics for about 40 countries and regions worldwide. Complete coal balances and coal trade data for selected years are presented on 16 major non-OECD coal-producing and -consuming countries
A detailed reference work on gas supply and demand covering not only the OECD countries but also the rest of the world, this publication contains essential information on LNG and pipeline trade, gas reserves, storage capacity and prices. The main part of the book, however, concentrates on OECD countries, showing a detailed supply and demand balance for each country and for the three OECD regions: North America, Europe and Pacific, as well as a breakdown of gas consumption by end-user. Import and export data are reported by source and destination. Natural Gas Information is one of a series of annual IEA statistical publication on major energy sources; other reports are Coal Information, Electricity Information, Oil Information and Renewables Information
A nascent recovery is underway in Thailand following the COVID-19 downturn. Ample policy buffers, underpinned by judicious management of public finances, allowed the authorities to implement a multipronged package of fiscal, monetary, and financial policies to mitigate the COVID-19 impact on households, businesses, and the financial system. This, together with rigorous containment measures, led to a successful flattening of the infection curve during most of 2020. Nevertheless, the pandemic has taken a large toll on the economy, potentially inducing long-term scarring and increasing inequality.
Regulating energy prices has been a common practice around the world. The objective is, generally, to facilitate access to energy products, which are central to people’s well-being and countries’ economic development. However, energy price regulation also leads to wasteful and excessive consumption, discourages investment in the energy sector, and locks in inefficient technologies. Low energy prices also result in subsidies that erode fiscal space, while benefits for the poor are limited. All these effects have been evident in Arab countries, where domestic energy prices are among the lowest in the world. The current environment of low oil prices offers a unique opportunity for change. Lessons from international experience suggest how well thought-out and sequenced reforms can be successful.
Denmark entered the pandemic on a strong economic footing and utilized its large policy space built over time to successfully address the crisis and lay the ground for a strong recovery. The outlook is for a rebound in activity, but uncertainty remains elevated with risks tilted to the downside. Macrofinancial vulnerabilities persist as housing price growth has accelerated and household debt remains high. The current account declined but remains in surplus.
This comprehensive review analyses the energy challenges facing the Netherlands in 2008 and provides critiques and recommendations for further policy improvements. It urges the government to provide policy continuity - such as in promotion regimes for renewable energy - to underpin a sustainable investment climate. It also highlights the need for closer co-ordination among national, regional and local authorities
Energy Policies of IEA Countries offers a comprehensive analysis of the countrys energy sector, evaluating its strengths and weaknesses across the fuel mix, as well as looking at broader issues such as energy efficiency, environmental performance, and technology research and development. It also includes policy critiques and recommendations, drawing on experience across IEA member countries. For policy makers charged with solving the countrys emerging energy challenges, this book is essential.
This paper reviews the long-term growth performance of the major industrial countries and discusses some of the many factors that have been identified as possible sources of the marked slowdown in growth since the early 1970s. According to the view of different demographic developments across countries, it is useful to break the growth of output down into changes in tabor input and changes in labor productivity in order to obtain a basis for cross-country comparisons. Wage behavior in the face of energy price shocks appears to have differed considerably among the major industrial countries. Increased uncertainty, reflecting, in particular, changes in the international economic environment and the stop-go financial policies of several of the major countries during the 1970s, and is frequently cited as a possible reason for the slowdown in growth, mainly through its impact on private investment. Views on the contribution of slower net capital accumulation to the deceleration in growth depend upon assessments of whether the efficiency of investment declined significantly after 1973 and on assumptions made about technological change and the embodiment of technical progress.
Energy Policies of IEA Countries offers a comprehensive analysis of the country's energy sector, evaluating its strengths and weaknesses across the fuel mix, as well as looking at broader issues such as energy efficiency, environmental performance, and technology research and development. It also includes policy critiques and recommendations, drawing on experience across IEA member countries. For policy makers charged with solving the country's emerging energy challenges, this book is essential.
Volume II of the History of the International Energy Agency takes up the energy policies and actions of the Agency during its first twenty years, from 1974 to 1994 inclusive. While the weak institutional situation of the industrial countries in the 1973-1974 crisis period made it all but impossible for them to adopt decisive and effective responses, when the time for action came, the reasons for their vulnerability to the oil producer countries were perhaps less their underdeveloped institutions than their essentially optimistic and passive oil management policies during the years preceding the crisis. Other policy choices which might have prevented or softened the crisis were available to them, as Volume II shows.
The Inernational Energy Agencys periodic review of Luxembourgs energy policies and programmes. It analyses the energy challenges facing Luxembourg and provides critiques and recommendations for further policy improvements. Since the last review in 2004, Luxembourg has reformed its energy policies across all sectors, has fully liberalised its electricity and natural gas markets, and is actively participating in the development of the evolving Central West European regional electricity system. Luxembourg has also prepared a broad action plan on energy efficiency, improved the support system for renewable energy sources and revised taxes to mitigate climate change. The country s energy policy in the coming decade will be shaped by the EU 2020 targets that call for substantial reductions in greenhouse gas emissions, and strong increases in renewable energy and energy efficiency. These targets will be hard to meet, given that roughly half of energy-related CO 2 emissions come from transport fuel use by foreign truckers and motorists, and that Luxembourg s potential for producing much more renewable energy is limited. Luxembourg is heavily dependent on oil. Although oil sources are well diversified by country of origin, more than 85% of oil stocks are held in neighbouring countries and often based on short-term leasing contracts. This leaves the country vulnerable to potential oil supply disruptions. Luxembourg should swiftly implement a plan to improve the security of oil supply.
KEY ISSUES Recent Developments and Outlook. Solomon Islands held its parliamentary elections on November 19, 2014 and elected a new government led by Prime Minister Manasseh Sogavare, representing the Democratic Coalition for Change. The country’s Gold Ridge mine, its only gold mine, remains closed and the chances of it re-opening are limited given current gold prices. At the same time, the logging industry is being adversely affected by the depletion of forestry resources. As a result, the near-term outlook has worsened. While lower oil prices constitute a windfall to consumers and producers, diversifying sources of growth and boosting the competitiveness of the economy are key to strengthening medium-term growth prospects. The risks to the outlook are to the downside. Program Performance. Performance under the Extended Credit Facility (ECF) arrangement has been broadly satisfactory. Performance criteria for end-June 2014 were met by large margins. Indicative targets (ITs) for end September 2014 were also met, except for those on health and education spending, which were both narrowly missed in June and September 2014. Despite delays, the authorities have made progress in implementing the structural reform agenda. Policy Recommendations ? In the medium term, recalibrate ambitious spending plans in line with implementation capacity, revenue envelope, financing availability, and the need to preserve fiscal buffers for resilience against shocks given the serious setback in mining prospects linked to the closure of the only gold mine. ? Strengthen the quality of public spending and fiscal management by advancing Public Financial Management (PFM) reform, including improving the transparency and accountability in the use of constituency funds. ? Maintain the current monetary stance but stand ready to tighten policy if credit growth and inflationary pressures surge. ? Strengthen financial regulation and supervision, including supervision of the National Provident Fund, and improve private sector access to credit.
Global growth for 2018–19 is projected to remain steady at its 2017 level, but its pace is less vigorous than projected in April and it has become less balanced. Downside risks to global growth have risen in the past six months and the potential for upside surprises has receded. Global growth is projected at 3.7 percent for 2018–19—0.2 percentage point lower for both years than forecast in April. The downward revision reflects surprises that suppressed activity in early 2018 in some major advanced economies, the negative effects of the trade measures implemented or approved between April and mid-September, as well as a weaker outlook for some key emerging market and developing economies arising from country-specific factors, tighter financial conditions, geopolitical tensions, and higher oil import bills. The balance of risks to the global growth forecast has shifted to the downside in a context of elevated policy uncertainty. Several of the downside risks highlighted in the April 2018 World Economic Outlook (WEO)—such as rising trade barriers and a reversal of capital flows to emerging market economies with weaker fundamentals and higher political risk—have become more pronounced or have partially materialized. Meanwhile, the potential for upside surprises has receded, given the tightening of financial conditions in some parts of the world, higher trade costs, slow implementation of reforms recommended in the past, and waning growth momentum.
The International Energy Agency's 2010 review of the Czech Republic's energy policies and programmes. It analyses the energy challenges facing the Czech Republic and provides sectoral critiques and recommendations for further policy improvements. It is intended to help guide the country towards a more secure and sustainable energy future. It finds that the Czech Republic, rich in coal resources, is the third-largest electricity exporter in the European Union. The energy sector plays an important role for the country's economy and for the regional energy security. Since the last IEA in-depth review in 2005, the Czech Republic has strengthened its energy policy, further liberalised its electricity and gas markets and made laudable efforts to enhance oil and gas security. The Czech government has a unique opportunity to develop coherent and balanced energy and climate strategies as it currently updates its policy documents. The draft State Energy Concept concentrates on energy security and on maintaining the Czech Republic as a net electricity exporter, through a diversified energy mix and a maximised use of indigenous resources, comprising coal, uranium and renewable energy. While the focus on energy security is praiseworthy, energy policy could be further improved. Energy policy should be better integrated with climate change considerations. At the same time, economic efficiency should be another key pillar of energy policy. To improve its energy security while reducing greenhouse gas emissions and enhancing economic development, the Czech Republic could take measures to: improve energy efficiency and broaden demand-side measures; focus on low-carbon technologies; integrate electricity and natural gas markets regionally; and optimise needed new infrastructure.
The latest World Economic Outlook reports economic activity was surprisingly resilient through the global disinflation of 2022–23, despite significant central bank interest rate hikes to restore price stability. Risks to the global outlook are now broadly balanced compared with last year. Monetary policy should ensure that inflation touches down smoothly, while a renewed focus on fiscal consolidation is needed to rebuild room for budgetary maneuver and to ensure debt sustainability. Structural reforms are crucial to revive medium-term growth prospects amid constrained policy space.
This volume contains data on the supply and consumption of coal, oil, gas, electricity, heat, renewables and waste presented as comprehensive energy balances expressed in million tonnes of oil equivalent. Complete data are available for 2006 and 2007 and supply estimates are available for the most recent year (i.e.2008). Historical tables summarise production, trade and final consumption data as well as key energy and economic indicators. The book also includes definitions of products and flows, explanatory notes on the individual country data and conversion factors from original units to energy units.
This volume contains data on energy supply and consumption in original units for coal, oil, gas, electricity, heat, renewables and waste. Complete data are available for 2009 and 2010 and supply estimates are available for the most recent year (i.e. 2011). Historical tables summarise data on production, trade and final consumption. The book also includes definitions of products and flows and explanatory notes on the individual country data.
Energy Statistics of Non-OECD Countries, 2002-2003: 2005 Edition" contains data on energy supply and consumption in original units for coal, oil, gas, electricity, heat, renewables, and waste for over 100 non-OECD countries. Historical tables summarise data on production, trade, and final consumption. The book includes definitions of products and flows and explanatory notes on the individual country data.
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