SPE Online Education
Scenarios for outlooks of energy demand and supply are important tools for policy makers and the industry to evaluate the impact of policy options on a number of societal development issues. Most of the outlooks incorporate a scenario with current (or announced) policies; they may also include variations, such as sensitivity analysis on exogenous factors (such as economic growth), or more fundamental changes such as strong carbon-reduction measures.
The current trends of energy demand would lead to continuous greenhouse gas emissions, testing the limits of sustainability. Additionally, meeting the United Nations’ Sustainable Development Goals, that target a major reduction in energy poverty would be very challenging.
The International Energy Agency (IEA) developed a scenario, named Sustainable Development Scenario (SDS), that would address three major energy-related aspects, namely universal energy access, reduced greenhouse gas emissions that would be compatible with a (less than) 2-degree trajectory, and improvement in air quality. The presentation highlights major implications of the SDS in terms of global energy supply and demand, as well as policy and technology requirements. It also compares the investments requirements compared to current trends, and the implications for the oil and gas industry.
CEO, Nomadia Energy Consulting
Mr. Ben-Naceur was previously the Chief Economist for Abu Dhabi National Oil Company. Prior to that, he was the Director for Sustainability, Technology and Outlooks at the International Energy Agency, where his team was developing long-term energy supply and demand outlooks, including the annual World Energy Outlook and the Energy Technology Perspectives.
In 2014, he was appointed Tunisia’s Minister for Industry, Energy and Mines, where he launched several initiatives to transform the sectors, including a long-term strategy, the reform of energy subsidies, and a new law for renewable energy.
From 1981 to 2013, he held key positions in the world’s largest oilfield service company (Schlumberger), including Chief Economist and Technology President. He has more than 37 years of experience and knowledge in the energy and industry sectors around the world in both public and private service, and is the (co-)author of 19 books and over 130 publications.
He is a graduate from the French Ecole Polytechnique and Ecole Normale Superieure.
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