• It is the first time for this leading report to be translated into another language different from the English.
• The presentation event gathered in Madrid the recently appointed Spanish Energy Secretary-General, Pedro Marín, the IEA Deputy Executive Director, William Ramsay, and the President of the Spanish Energy Club, Rafael Miranda.
• Ramsay reminded the World is facing right now the global challenge of achieving a more secure and less pollutant energy system.

If International Cooperation doesn’t takes its toll, it will be impossible to overcome the energy challenges we will be facing in the following years. This is one of the main conclusions of the World Energy Outllook, annual report elaborated by the International Energy Agency (IEA), which was presented today, for the first time in its 25 years of history, in Spanish.

The presentation event gathered in Madrid the recently appointed Spanish Energy Secretary- General, Pedro Marín, the IEA Deputy Executive Director, William Ramsay, and the President of the Spanish Energy Club (EnerClub), Rafael Miranda. It is the first time for this leading report, which annually analyzes the current situation of the energy field and points out the clues to its growth and development, to be translated into another language different from the English. “The decision of adapting to the Spanish and Latin-American market the IEA report comes as a result of EnerClub’s commitment to promote the thinking, debate, training and circulation, nationally and internationally, of all those ideas related to the energy knowledge. The Spanish edition of the World Energy Outlook 2007 sets the grounds to an annual collaboration with the IEA, which we are particularly proud of”, states Rafael Miranda, President of the Spanish Energy Club.

More secure and less pollutant energy system

The agreement between the international agency and EnerClub takes place within an international context when, according to the IEA Deputy Executive Director, William Ramsay, “the world is facing twin energy-related challenges: ensuring secure, affordable energy; and managing the associated environmental consequences”. In this sense, and during his participation today in Madrid, Ramsay has explained that “these challenges can be overcome through: boosting energy sector investment, improving energy efficiency, and promoting new energy technologies”. ”Challenge is global so solutions must be global”, stated. As for this, Ramsay has stressed the importance of next 10 years, which will be critical. During this period, the pace of capacity additions will be most rapid, technology will be “locked-in” and we will experience growing tightness in oil & gas markets.

In this sense, the IEA views current prices as too high, especially for developing countries, which becomes a real threat to economic growth worldwide. According to the IEA, some of the higher price can be explained through the weaker dollar status, even though oil prices are higher in all currencies, and there’s little doubt that the oil market has been affected by financial crisis.

International cooperation, key to face global energy challenges

International Cooperation will be essential to overcome the energy challenges we will be facing in the following years. This is one of the main conclusions of the World Energy Outlook latest edition.

Rapid economic development of China and India during the last years, widely overcoming that of other significant countries, has driven up energy demand of the two Eastern Giants. Within this context, the report answers questions such as: how fast will demand in these dynamic economies rise? How will it be met? And, even more important, what impact will their energy choices have on the rest of the world?

In this sense, the last edition of the IEA report shows clearer that ever that if governments don’t change their existing policies, oil and gas imports, coal use and greenhouse-gas emissions are set to grow inexorably through to 2030. In fact, according to this report, world’s energy needs would be by then well over 50% than today. China and India together account for 45% of this increase.

Based upon extensive statistics, projections in three scenarios, analysis and advice, the World Energy Outlook tackles aspects such us the international prize of energy, investment needs and global financial agreements, emphasizing the importance of international cooperation addressed to guarantee the sustainable development of the energy sector.

Spanish Energy Club (Club Español de la Energía)

Founded in 1.983, the Spanish Energy Club (EnerClub) is a non-profit organization gathering companies and professionals from the energy sector or related to it. Its main objective is to represent the interests of the energy world’s main actors and to keep, as an independent institution, a position of warranty and objectivity through its performance and interventions.