1、World Energy Markets Observatory 2024|26th EditionWe are not on track to meet the Paris Agreements objectives.What should we do?IN COLLABORATION WITH2W E M O 2 0 2 42W E M O 2 0 2 4H O M EGlobalOutlook15Primary energy demand is an outdated concept10Electricity Consumption is not rising as predicted
2、in Europe11Geopolitical impacts will maintain uncertainty in energy markets2The Realistic case for Gen AI6The need for a Demand Side Energy Transition12Industrial Heat is in the blind spot of energy transition3The Business Case for Batteries needs to be clearer7Focus Hydrogen on hard to abate indust
3、ries 13Permitting is still not fast enough and is slowing down the energy transition4Which net zero Pathway are we on?8How to meet Data center AI/Gen AI consumption increase?9SMRs are part of the answer14IRA impact and progressContentsHow to make money from renewables?3W E M O 2 0 2 43W E M O 2 0 2
4、4H O M EGlobal Outlook4W E M O 2 0 2 44W E M O 2 0 2 4H O M EThis 2024 World Energy Markets Observatory outlook will be structured in three main paragraphs:In the first paragraph,we will look at the energy markets developments in the last 12 months in the present very tense geopolitical situation:th
5、e energy prices“normalisation”,the progresses in carbon free technologies implementation(nuclear electricity,intermittent renewables and their negative impact on grid balancing,storable renewables),the status of electricity consumption management,the storage solutions deployment and the green hydrog
6、en reality.In the second paragraph,we will ask ourselves what should be done to limit the rise in global temperatures:including technology deployment at scale,well fitted regulations adoption,company and citizens contributions,financing schemes improvements and disruptive technologies(including Gene
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