GLOBAL ENERGY SISTEM IS CHANGED
An energy system under stress
The global energy system is in danger of falling short of the hopes and expectations placed upon it. Turmoil in parts of the Middle East – which remains the only large source of low-cost oil – has rarely been greater since the oil shocks in the 1970s. Conflict between Russia and Ukraine has reignited concerns about gas security. Nuclear power, which for some countries plays a strategic role in energy security, faces an uncertain future. Electricity remains inaccessible to many people, including two out of every three people in sub-Saharan Africa (the regional focus in WEO-2014). The point of departure for the climate negotiations,…
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