It covers the whole energy system, allowing for a range of analytical perspectives from global aggregates to elements of detail, such as the prospects for a particular technology or the outlook for end-user prices in a specific country or region. The detailed projections are generated by the World Energy Model, a large-scale simulation tool, developed at the IEA over a period of more than 20 years that is designed to replicate how energy markets function. The first WEO was published in 1977 and it has been an annual publication since 1998. Published every year based on objective data and dispassionate analysis, The World Energy Outlook (WEO) provides critical analysis and insights on trends in energy demand and supply, and what they mean for energy security, environmental protection and economic development.
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