The presentation event of the volume in Central Europe, organised by the Ministry of National Development, is to be held in Budapest on 5 December, 2013. The predictions of the International Energy Agency (IEA) for the global energy industry are to be outlined by chief economist of the organisation Fatih Birol.

The report draws attention to the fact that energy prices for industrial consumers in Europe and Japan are twice as high as in the United States. At the release event of the volume in London Fatih Birol revealed that Japan, which had suspended electricity production in nuclear plants, currently paid five times as much for import natural gas as the USA. If Japan wished to reduce energy prices, they should strongly consider returning to applying nuclear energy, he opined.

According to the latest IEA predictions, global energy demand is to rise by one third in the period to 2035. In the same period, a 45 per cent rise in electricity demand is expected in the report. The current 12 percent share of nuclear energy in the global electricity mix is to be maintained as a result of the expected almost doubling of nuclear energy-based electricity production by the mid 2030’s.

Energy-related carbon-dioxide emissions are projected to rise by 20 per cent by 2035, the report also points out. Based on the past 25 years’ data, fossil energy resources have an estimated 82 per cent share in the global energy mix. Even by an intensive application of renewable energy resources, this latter rate is only partly reducible (to almost 75 per cent) by the mid 2030’s.

Every year, IEA compiles and releases a volume of predictions on the global energy market under the title World Energy Outlook. Similar to previous years, the Ministry of National Economy is to host the detailed presentation of the edition this December once again.

The press release of the International Energy Agency:
http://www.iea.org/newsroomandevents/pressreleases/2013/november/name,44368,en.html

(Ministry of National Development, Communications Department)