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Large differences in regional energy prices are set to affect industrial competitiveness. influencing investment decisions and company strategies. The extraordinary rise of light tight oil in the United States will play a major role in meeting global demand growth over the next decade, but the Middle East – the only large source of low-cost oil – will remain at the centre of the longer-term oil outlook. India is set to overtake China in the 2020s as the principal source of growth in global energy demand. These are just some of the key findings from the IEA in the latest edition of its World Energy Outlook released today in London.
Bringing together the latest data and policy developments, the World Energy Outlook 2013 presents up to date, projections of energy trends through to 2035, fuel by fuel, sector by sector, region by region and scenario by scenario. Oil is analysed in-depth: resources, production, demand, refining and international trade. Energy efficiency is treated in much the same way as conventional fuels: Its prospects and contribution are presented in a dedicated chapter. The report examines the outlook for Brazil's energy sector and provides updates on three key areas of critical importance to energy and climate trends: (i) achieving universal energy access; (ii) developments in subsidies to fossil fuels and renewables; and (iii) the impact of energy use on climate change.
The World Energy Outlook is recognised as the most authoritative source of strategic analysis of global energy markets. It is regularly used as input to the development of government policies and business strategies and raises public awareness of the key energy and environmental challenges the world is facing.
Opinion Leaders on WEO
Opinion leaders on World Energy Outlook
Find out where Dr. Fatih Birol, IEA Chief Economist, will be presenting the key findings of World Energy Outlook 2013
See the Chief Economist Diary
The International Economic Association (IEA) is happy to announce the first Stiglitz Essay Prize (SEP) in honour of the past President of the association, Joseph E. Stiglitz. This prize is possible thanks to the generous donation that the Economic Society of Australia pledged to the IEA.
Joseph E. Stiglitz is University Professor at Columbia University. In 2001, he was awarded the Nobel Prize in economics for his analyses of markets with asymmetric information. He was the President of the International Economic Associationfrom 2011 to 2014.
The winner of the Stiglitz Essay Prize will be announced in early 2016, with the prize presentation to be made in a ceremony at the next IEA World Congress in 2017. The winner of the Stiglitz Essay Prize will win 1,000 USD, and the runner(s)-up will receive 500 USD. The winning essay and runner(s) up will be published on the IEA web site.
The prize is open to any student in full time study. The essay can be up to 5,000 words on one of the subjects below. There will be a pre-selection process in charge of a team of school judges selected by the IEA. The shortlisted essays will go to the judges: Joseph E. Stiglitz (Columbia University and IEA past President), Timothy Besley (London School of Economics and IEA President) and Kaushik Basu (World Bank and IEA President Elect).
To be eligible for the prize, submitted essays should be on one of two broad themes reflecting Professor Stiglitz’s interests:
‐ The causes and policy consequences of growing inequality
‐ The reconstruction of macro-economics and proposals for new approaches that speak to the weaknesses in modelling revealed by the 2008 global crisis
All applicants are asked to note the following criteria:
‐ Only one essay per person will be accepted
‐ The maximum word count for essays is 5,000 words (the word count should appear at the end of each essay)
‐ The word count includes footnotes, but excludes references and bibliography.
‐ All of those who submit an essay should submit proof through a signed letter from an appropriate official at an academic institution that he or she is currently registered as a full-time student.
‐ No revisions to entries are permitted once submitted
‐ Please note that entries to the competition should be unique (i.e. not published elsewhere or submitted to other essay competitions.)
‐ Entries must be submitted in either Microsoft Word (doc, docx) format or PDF format. No other formats are acceptable.
The deadline for submitting essays is Saturday 31 October 2015 at 2359 hours (GMT).
Please send submissions to the IEA Secretariat on firstname.lastname@example.org indicating in the subject your name as follows: SEP_LAST NAME_Name.
Any queries on the competition should be also addressed to the IEA Secretariat on the same email address.
Choosing a Good Toolkit An Essay in Behavioral Economics. Alejandro Francetich. University of Washington Bothell School of Business, and. David M. Kreps.
Thomas Malthus' "Essay on Population". Thomas Robert Malthus Irony in Thomas Malthus' "Essay on Population" Thomas. Economics.
The winning essay and runners up will also be published on the IEA. A rethinking of macro-economics and proposals for new approaches.
This time, we got "Economist who wrote 'An Essay on the Principle of Population,' 1798" crossword puzzle clue. Next we will look for a few extra.
Writing an economics essay at university takes different skills from, say, A-level English, so arts students have less of an advantage than you might think.
President's address The London School of Economics and Political Science. Association IEA is happy to announce the first Stiglitz Essay Prize SEP in.
RES Young Economist of the Year 2015. I confirm that this essay has been written solely for the purposed of the RES Essay competition and has not been.
economist essay Related Articles
Wind power will be the second biggest contributor to global renewable electricity generation by 2017, according to a ground-breaking report by the International Energy Agency (IEA).
Despite economic uncertainties in many countries, global power generation from renewable sources including wind will increase by more than 40% to almost 6,400 terawatt hours (TWh) – roughly the equivalent of one-and-a-half times current electricity production in the US, predicts the Medium-Term Renewable Energy Market Report 2012.
This is the first time the IEA has devoted a medium-term report to renewable power sources and the agency says this is “a recognition of the dynamic and increasing role of renewable energy in the global power mix”. It forecasts that renewable electricity generation will expand by 1,840 TWh between 2011 and 2017, almost 60% above the 1 160 TWh growth registered between 2005 and 2011.
By 2017, wind power (onshore and offshore) should make the largest contribution to global renewable electricity generation after hydro at 16.7%. Between 2011 and 2017, wind power should grow on average by 100 TWh per year – an increase of 15.6%, says the IEA. Onshore wind power will account for 90% of this growth, as its capacity rises from 230 GW to over 460 GW.
“Onshore wind has emerged as a mature technology, which is increasingly competitive with conventional alternatives,” comments the IEA. “The current availability of global manufacturing capacity combined with the maturity of the manufacturing industry suggests that supply-side availability should not act as a deployment bottleneck.”
China will lead capacity growth in onshore wind, says the IEA, adding 104 GW between 2011 and 2017. The US, despite uncertainty over the durability of a federal production tax credit, should add 27 GW over this period, while India is predicted to increase capacity by 17 GW, Brazil by 8 GW and the UK by 7 GW.
“As a more nascent technology, offshore wind faces larger deployment challenges,” states the report. But the IEA nonetheless believes that capacity in this sector should increase significantly from 4 GW in 2011 to 26 GW in 2017, “supported by generous incentives from governments committed to offshore development”.
The IEA forecasts that offshore capacity growth will be led by China with a rise of 6.7 GW, the UK with an increase of 5.3 GW, Germany with additional capacity of 3.8 GW and France with an increase of 1.5 GW.
This optimism sits well with the newly released figures from EWEA that show 132 new offshore wind turbines, totalling 523.2 megawatts (MW), were fully grid connected in Europe in the first six months of 2012 – a 50% increase compared to the same period in 2011 when 348.1 MW were installed.
“Renewable energy is expanding rapidly as technologies mature, with deployment transitioning from support-driven markets to new and potentially more competitive segments in many countries,” enthuses IEA executive director Maria van der Hoeven.
To read the most up-to-date figures for offshore capacity in Europe, see the European WInd Energy Association’s publication – The European offshore wind industry – key trends and statistics 1st half 2012 .
Foxtail Farm/Hampton Roads Academy Equestrian Team
The Interscholastic Equestrian Association (IEA) is an organization devoted to improving the quality of competition and instruction available to riders in middle school and high school. Competitions are conducted much like the Intercollegiate Horse Show Association in that owning a horse is not necessary. Riders randomly draw horses at the beginning of each show and will be given a brief warm-up before competing. Though the rider and horse have a short opportunity at orientation in the over fences classes, the horse is new to the rider, and the scores are based upon horsemanship and equitation, not the horse. This style of competition is designed to challenge the rider and is a wonderful opportunity for those interested in eventually riding on a college team.
Coach Dana Kiser established the Hampton Roads Academy Team in 2010. The Foxtail Farm Equestrian Team was established in 2011 and despite being a first year team, Foxtail Farm riders qualified for the 2012 IEA Regional Finals, as well as IEA Nationals. The team tripled in size for the 2012-13 show year after combining forces with Hampton Roads Academy. Riders again qualified for Regional Finals, Zone Finals and IEA Nationals, with Katie Balding, a member of Foxtail’s Middle School Team, winning her division at Nationals! The team is looking forward to an outstanding 2013-14 show season!
For more info on the team please email Coach Dana Kiser at email@example.com. For more info on IEA visit www.rideiea.com .
Update: December 12th 2011: Here are EECB essay guidelines to assist you in preparing to write your essay for the 2012 OECS Essay Competition
ECCB area students are located in Anguilla, Antigua/Barbuda, Dominica, Grenada, Montserrat, St Kitts/Nevis, St. Lucia, St Vincent and the Grenadines.
Oil price competition in Europe is set to intensify when Iranian crude returns to the market after sanctions on its nuclear program are lifted, the International Energy Agency said.
Europe will be the battleground between producers of sour crude grades, including Russia, Iraq, Saudi Arabia and Iran, as the Asian market becomes more “crowded,” the Paris-based IEA said in its monthly report.
Iraq, the second largest oil producer in the Organization of Petroleum Exporting Countries, has increased its market share in Europe after the imposition of sanctions on Tehran resulted in the collapse of Iranian exports, the IEA said. Iraq sold 1 million barrels a day to Europe in July and August, overtaking Saudi Arabia, according to the IEA.
Europe imports over 9 million barrels a day of crude from outside the region, with sour grades accounting for two-thirds of that, according to the IEA.
“By targeting Iran’s former buyers, Iraq -- with its fast growing exports -- has managed to increase significantly its European customer base,” the agency said.
Iraq’s gains in Europe have also come as Saudi Arabia has pushed its barrels into new territories in the region. Saudi Arabia sold crude to a Swedish refiner for the first time in 20 years earlier this month and has also made headway in Poland. Both countries have traditionally bought their crude from Russia. Saudi Arabia, the biggest oil producer in OPEC, also cut official selling prices for all grades to northwest Europe and the Mediterranean earlier this month.Iran Buyers
Despite these gains for Iraq and Saudi Arabia in the continent, Iran is “keen to reclaim” its market share, the IEA said. Sanctions on its nuclear program are widely expected to be lifted next year following a deal agreed with world powers in July.
“Tehran has already lined up buyers in Europe,” the IEA said, citing unidentified Iranian industry people. The nation’s crude would typically compete with that from Saudi Arabia, Iraq and Russia, the IEA said.
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