World Energy Outlook publication was introduced in Prague

22. 2. 2019 | Source: Ministry of Industry and Trade of The Czech Republic

The presentation of the current edition of the World Energy Outlook - World Energy Outlook 2018 took place in Prague under the auspices of the Ministry.

It was presented by Laura Cozzi, who is responsible for modelling energy predictions at the International Energy Agency and leads the division that prepares this flagship publication every year.  The presentation was launched by Minister Marta Nováková in the premises of the Ministry of Industry and Trade.

Every year, the World Energy Outlook is the most awaited publication of the International Energy Agency, in which its experts predict future developments based on the latest available data, and own analyses. 

Main themes of the current release of the last November are related to transforming the global energy system that brings new trends affecting the energy markets, such as an increasing share of renewable energy sources in electricity generation, changes in the oil sector or the globalization of the gas market. One of the main messages of the current issue is that huge opportunities also come from rapid progressive electrification, but in order to arrange the markets, we need to think not only about the security of electricity supply but also    on the flexibility of systems.

Agency experts warn that the growth in CO2 emissions was significant in 2018, and the concentration of the world's emissions generated by the energy sector have reached a record high. They state that it will be necessary to incorporate all available tools, including a number of innovative technologies, to reverse this trend.  In this connection, Minister Marta Nováková mentioned the way the Czech Republic plans to go.  “Union legislation is a strong impetus for strengthening efforts in the development of renewable resources, but despite a number of proposed measures at national level, such as the Amendment of the Supported Sources Act, auction system and market access and the rationalization of State aid funds, we cannot get along without the nuclear power in our country” said the Minister, adding: “We are looking for the most appropriate synergy for the development of renewable and nuclear resources so as to ensure the country's energy security and meet our EU and international obligations.”

The Czech professional public will undoubtedly be interested in the focus of the current edition on the EU's energy union.  “We see this timing in the Ministry of Industry and Trade as very appropriate with a view to finalizing the key legislation for the period after 2020 and also with regard to the preparation of the National Plans in the energy and climate sector by the EU´s Member States” said the Deputy Director of the Energy Section René Neděla.

Laura Cozzi also pointed out that the European Union will need to cover a deficit of one third of natural gas demand by 2025 due to the sharp decline in domestic production and expiring long-term contracts for gas imports.

About the International Energy Agency

The International Energy Agency (IEA) is an autonomous international organization, established in the framework of the OECD and headquartered in Paris.  The IEA was created as a result oil crisis in 1973/74 to help its members respond to serious oil supply disruptions, which is one of its roles, it still plays.  Its mandate has been extended over time to include tracking and analysis of global key energy trends, promotion of sustainable energy policy and support for international cooperation in the field of energy technologies.  Agency´s expert analysis in the field of energy, data collection, and coordinated mechanism for collective response to emergencies are highly valued.  The agency has currently 30 members.  Due to the fact that the global energy environment is undergoing significant changes, it seeks to involve in its activities also   key non-member countries, including Brazil, China, India, Indonesia, South Africa, Morocco, Thailand and Singapore.

More information can be found at .

Membership of the Czech Republic in the International Energy Agency

On 5 February 2001, Agreement on Access to the International Energy Program (no. 46/2001 Coll.) became effective and the Czech Republic became the 25th member state of the Agency.  However, the Czech Republic started its cooperation already in 1994, when it became a candidate for membership, in particular, in issues of emergency oil stocks.

The area of ​​safe oil supply is one of main priorities of the International Energy Agency.  In the Czech Republic, this area is subject to a statutory adjustment at the level of state reserves.  The implementation of this measure is monitored not only in the Agency but also in the EU.  The competent authorities of the Czech Republic are closely monitoring the world oil and gas market and flexibly respond to price fluctuations in the oil market.

The cooperation with the IEA is in the scope of the Ministry of Industry and Trade and Administration of State Material Reserves in cooperation with the Ministry of Environment.  Representatives of the Czech Republic participate in the work of most committees and working groups.  These working bodies are discussing the situation on the world oil market, the state of emergency oil reserves in the Member States, security of oil and gas supplies, issues of environmental protection measures in   the energy sector and transport, trading with    emissions, sustainable development issues, research and   development of new energy technologies, global energy outlook in the horizon of 20 years and    collaboration with    non-member countries.  Every year, the MIT ensures the sending of statistical data and statements for the IEA.

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