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Deciding the Future: Energy Policy Scenarios to 2050

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<strong>Deciding</strong> <strong>the</strong> <strong>Future</strong>: <strong>Energy</strong> <strong>Policy</strong> <strong>Scenarios</strong> <strong>to</strong> <strong>2050</strong> World <strong>Energy</strong> Council 2007 Results of Analysis<br />

35<br />

However, because <strong>the</strong>re is no change in<br />

international cooperation and integration,<br />

international financing and investment in energy<br />

products and services is not improved. There is<br />

also lower relative energy security as a result of<br />

supply regions not cooperating <strong>to</strong> an optimum<br />

extent with demand regions and nations. <strong>Energy</strong><br />

industries might also suffer due <strong>to</strong> a lack of<br />

uniform regulation across regions and nations.<br />

A dilemma in this scenario may be how Africa<br />

and Latin America would reduce carbon<br />

emissions, as high government involvement by<br />

relatively weak governments could prove <strong>to</strong> be<br />

counterproductive.<br />

4.2.3. Oil Production Limits<br />

For illustration, <strong>the</strong> model examines <strong>the</strong> effect of<br />

limits on oil production by <strong>the</strong> Gulf States.<br />

Ra<strong>the</strong>r than using <strong>the</strong> 45 million barrels per day<br />

in 2035 in <strong>the</strong> model, 25 million barrels per day<br />

were used. In this case, <strong>the</strong> model shows no<br />

change in energy intensity from this scenario.<br />

Primary modern energy requirements and thus<br />

CO 2 emissions are only slightly lower than <strong>the</strong><br />

results for <strong>the</strong> Leopard scenario in all time<br />

periods.<br />

4.3. Scenario 3: Lion<br />

4.3.1. Global S<strong>to</strong>ry<br />

Gross Domestic Product<br />

This scenario produced <strong>the</strong> most optimistic<br />

estimates in many respects, especially in <strong>the</strong><br />

development of <strong>the</strong> global economy. In Asia, <strong>the</strong><br />

high growth rates of <strong>to</strong>day continue with <strong>the</strong><br />

combination of significant government<br />

engagement and high degrees of cooperation<br />

and integration. In Africa, <strong>the</strong>se conditions help<br />

with technology transfer and technology<br />

leapfrogging, as well as financing. In Latin<br />

America, <strong>the</strong>re is concern that active<br />

government engagement leaves insufficient<br />

room for private enterprise, both domestic and<br />

foreign, which can bring managerial and<br />

technical improvements <strong>to</strong> <strong>the</strong> region and,<br />

<strong>the</strong>refore, an increase in economic efficiency.<br />

This effect is felt more intensely in <strong>the</strong> later<br />

period.<br />

Population<br />

Demographic growth continues at stable rates in<br />

Asia and is somewhat higher initially in North<br />

America. In Africa and Latin America, population<br />

growth rates decline after <strong>the</strong> initial period due <strong>to</strong><br />

achieving higher GDP/capita ratios, <strong>the</strong>refore<br />

improved standards of living.<br />

<strong>Energy</strong> Intensity<br />

In this scenario energy intensity declines<br />

worldwide. As population growth stabilises in<br />

Latin America and declines in Africa, and<br />

standards of living improve, energy efficiency<br />

gains take place and, despite new energy<br />

demand, lead <strong>to</strong> lower energy intensity. In Asia<br />

and Europe, a large number of government<br />

initiatives leads <strong>to</strong> increases in energy efficiency<br />

and lower energy intensity. Canada and Mexico<br />

expect improvements <strong>to</strong> <strong>the</strong> levels already seen<br />

in <strong>the</strong> United States where <strong>the</strong> degree of<br />

improvement is expected <strong>to</strong> continue.

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