THE IEA ENERGY BUSINESS COUNCIL

The IEA Energy Business Council was first convened in March 2009 to assess the impact of the financial crisis on energy markets and to share views on climate change and other pressing energy issues.  As an executive-level group, its members include leaders from a wide variety of companies involved in energy exploration, production and consumption, ranging from commodities companies to automobile manufacturers to wind and solar energy producers and industry associations. Dr. Fatih Birol, the IEA’s Chief Economist notes:  “As we look at energy markets and other global issues like climate change, it is vital to have a perspective that transcends borders. These companies offer business expertise and experience from markets around the world that will bring a new perspective as we seek to tackle challenges that affect all of us.”

The discussions of the IEA Energy Business Council focus on both demand and supply-side energy challenges to provide feedback for IEA member country Ministers.  “As the private sector traditionally accounts for the vast bulk of investment in the energy sector, it is essential for governments to understand what types of long-term stable policy frameworks are necessary to stimulate investment in sustainable energy infrastructure,” says Dr. Birol.