IEA Executive Director briefs Japanese PM ahead of G7 summit
21 April 2016
IEA Executive Director Fatih Birol was in Tokyo on 21 April to address the International Finance and Economic Assessment Council. The council, which is chaired by Prime Minister Shinzo Abe, was established this year to seek the views of experts regarding the state of the global economy and international finance as input to Japan’s Presidency of the Group of Seven nations.
In addition to Prime Minister Abe, members of the Council include senior cabinet ministers and the Governor of the Bank of Japan.
Dr. Birol’s remarks to the council focused on the economic implications of the current downturn in energy prices, the risks to global energy security stemming from today’s cuts in upstream oil and gas investment, and the need for greater investment in clean energy infrastructure if long-term environmental objectives are to be met.
While in Tokyo, the IEA Executive Director also held bilateral meetings with Minister of Economy Trade and Industry Motoo Hayashi and Vice Minister of Foreign Affairs Masakazu Hamachi.
Download the following materials from Dr. Birol's address to the the International Finance and Economic Assessment Council:
- Universal energy access by 2030 is now within reach thanks to growing political will and falling costs
- Executive Director meets with Japan’s Minister of Economy, Trade and Industry
- Market flexibility is improving thanks to LNG and markets currently well supplied but gas security remains a concern
- IEA Executive Director meets Korean Minister of Trade, Industry and Energy Paik Ungyu