class: center, middle, inverse, title-slide

.title[
# ECON 366: Energy Economics
]
.subtitle[
## Topic 2.2: The Global Energy Economy
]
.author[
### Andrew Leach, Professor of Economics and Law
]
.date[
### <a href="mailto:aleach@ualberta.ca"><i class="fa fa-envelope fa-fw"></i> aleach@ualberta.ca</a> <br> <a href="https://github.com/leachandrew"><i class="fa fa-github fa-fw"></i> leachandrew</a><br><a href="https://twitter.com/andrew_leach"><i class="fa fa-twitter twitter"></i> <span class="citation">@andrew_leach</span></a><br>
]

---

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# Energy Scenarios
<hr.space-1>
<center>
<iframe width="800" height="500" src="https://www.youtube.com/embed/nwub4Bhr-aM" title="Shell Energy Scenarios" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
</center>

.site_link[See [Shell Scenarios](https://www.shell.com/energy-and-innovation/the-energy-future/scenarios/what-are-scenarios.html) and added documentation]

---

# Energy Scenarios
<hr.space-1>
<center>
<iframe width="800" height="500" src="https://www.youtube.com/embed/jQ2uIPeiEYQ" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe></center>

.site_link[See [Shell Scenarios](https://www.shell.com/energy-and-innovation/the-energy-future/scenarios/what-are-scenarios.html) and added documentation]

---

# Suncor Scenarios

<hr.space-1>
<img src="rivalry.png" width="870px" style="display: block; margin: auto;" />
<hr.space-1>
.site_link[See [Suncor Climate Report 2022](https://sustainability-prd-cdn.suncor.com/-/media/project/ros/shared/documents/climate-reports/2022-climate-report-en.pdf?modified=20221124191332&_ga=2.149371766.1972955240.1673409017-343812953.1673409016)]

---
# Suncor Scenarios

<hr.space-1>
<img src="autonomy.png" width="870px" style="display: block; margin: auto;" />

.site_link[See [Suncor Climate Report 2022](https://sustainability-prd-cdn.suncor.com/-/media/project/ros/shared/documents/climate-reports/2022-climate-report-en.pdf?modified=20221124191332&_ga=2.149371766.1972955240.1673409017-343812953.1673409016)]

---
# Suncor Scenarios

<hr.space-1>
<img src="discord.png" width="870px" style="display: block; margin: auto;" />

.site_link[See [Suncor Climate Report 2022](https://sustainability-prd-cdn.suncor.com/-/media/project/ros/shared/documents/climate-reports/2022-climate-report-en.pdf?modified=20221124191332&_ga=2.149371766.1972955240.1673409017-343812953.1673409016)]

---

# Suncor Scenarios

<hr.space-1>
<img src="suncor2c.png" width="840px" style="display: block; margin: auto;" />
---

# Suncor Scenarios (PDF excerpt for reference)
<hr.space-1>
<embed src="suncor_2022_scenarios.pdf" width="1100px" height="540px" style="display: block; margin: auto;" type="application/pdf" />

.site_link[See [Suncor Climate Report 2022](https://sustainability-prd-cdn.suncor.com/-/media/project/ros/shared/documents/climate-reports/2022-climate-report-en.pdf?modified=20221124191332&_ga=2.149371766.1972955240.1673409017-343812953.1673409016)]

---

# IEA Scenarios
<hr.space-1><hr.space-1>
<img src="iea_scenarios.png" width="820px" style="display: block; margin: auto;" />
.site_link[See [IEA Climate and Energy Modeling 2024](https://iea.blob.core.windows.net/assets/89a1aa9a-e1bd-4803-b37b-59d6e7fba1e9/GlobalEnergyandClimateModelDocumentation2024.pdf)]
---

# IEA World Energy Outlook
<hr.space-1>

Uses STEPS, APS, and NZE scenarios. Read the Executive Summary and glance at Chapter 1.

<hr.space-1>

<embed src="weo_2024_excpt.pdf" width="1100px" height="520px" style="display: block; margin: auto;" type="application/pdf" />
---

# IEA WEO: Net Zero
<hr.space-1>
<img src="weo24_temps.png" width="850px" style="display: block; margin: auto;" />
---

# IEA WEO: Net Zero
<hr.space-1>
<img src="weo24_ghgs.png" width="800px" style="display: block; margin: auto;" />
---

# IEA WEO: Net Zero TPES
<hr.space-1>
<img src="weo24_tpes.png" width="800px" style="display: block; margin: auto;" />
---

# IEA WEO: Net Zero Power Generation
<hr.space-1>
<img src="weo24_power.png" width="800px" style="display: block; margin: auto;" />
---

# IEA WEO: Net Zero Power Generation
<hr.space-1>
<img src="weo24_solar.png" width="800px" style="display: block; margin: auto;" />
---

# Beware Solar Predictions
<hr.space-1>
<img src="solar_hoekstra.png" width="500px" style="display: block; margin: auto;" />
.site_link[Credit: [Auke Hoekstra](https://x.com/AukeHoekstra/status/1853713964783267952)]

---

# IEA WEO: Prices
<hr.space-1>
<img src="weo24_prices.png" width="920px" style="display: block; margin: auto;" />
---

# IEA WEO: Oil
<hr.space-1>
<img src="weo24_oil.png" width="870px" style="display: block; margin: auto;" />
---

# IEA WEO: Oil Products
<hr.space-1>
<img src="weo24_oilprods.png" width="870px" style="display: block; margin: auto;" />
---

# IEA WEO: Gaseous Fuel Use
<hr.space-1>
<img src="weo24_gas.png" width="920px" style="display: block; margin: auto;" />
---

# IEA WEO: The Business Case for LNG
<hr.space-1>
<img src="weo24_lng.png" width="870px" style="display: block; margin: auto;" />
---

# IEA WEO: Oil and Gas Investment
<hr.space-1>
<img src="weo24_oginv.png" width="870px" style="display: block; margin: auto;" />

---

# IEA WEO: Coal's Future (?)
<hr.space-1>
<img src="weo24_coal.png" width="800px" style="display: block; margin: auto;" />

Notes for current slide

Notes for next slide

ECON 366: Energy Economics

Topic 2.2: The Global Energy Economy

Andrew Leach, Professor of Economics and Law

aleach@ualberta.ca
leachandrew
@andrew_leach

Energy Scenarios

See Shell Scenarios and added documentation

Energy Scenarios

See Shell Scenarios and added documentation

Suncor Scenarios

See Suncor Climate Report 2022

Suncor Scenarios

See Suncor Climate Report 2022

Suncor Scenarios

See Suncor Climate Report 2022

Suncor Scenarios

Suncor Scenarios (PDF excerpt for reference)

See Suncor Climate Report 2022

IEA Scenarios

See IEA Climate and Energy Modeling 2024

IEA World Energy Outlook

Uses STEPS, APS, and NZE scenarios. Read the Executive Summary and glance at Chapter 1.

IEA WEO: Net Zero

IEA WEO: Net Zero

IEA WEO: Net Zero TPES

IEA WEO: Net Zero Power Generation

IEA WEO: Net Zero Power Generation

Beware Solar Predictions

Credit: Auke Hoekstra

IEA WEO: Prices

IEA WEO: Oil

IEA WEO: Oil Products

IEA WEO: Gaseous Fuel Use

IEA WEO: The Business Case for LNG

IEA WEO: Oil and Gas Investment

IEA WEO: Coal's Future (?)

Energy Scenarios

See Shell Scenarios and added documentation

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