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IEA in the news

IEA in the news

Natural Resource Defense Council blog echoes IEA stance on "rebound" effect

NRDC Switchboard via Energy Collective, 18 October 2014

The Natural Resource Defense Council blog NRDC Switchboard championed two recent IEA reports on energy efficiency as providing "clear evidence of the enormous value of using energy smarter". So the blog questioned the October New York Times guest opinion article "The Problem with Energy Efficiency", which the NRDC said "wrongly argued that energy efficiency advances only encourage more global energy consumption". The blog continued: "This is puzzling because numerous studies, including the two studies the authors themselves cite (and mischaracterize) – the IEA Multiple Benefits Study discussed above and a 2014 IPCC Working Group Report ... refute their claim that energy efficiency causes large 'rebounds', or increases in consumption. ... In fact, the IEA and IPCC reports considered the 'rebound' possibility and still overwhelmingly endorsed efficiency’s ability to cut energy use and pollution without stifling the standard of living for developing areas." 

IEA Executive Director calls for greater investment in Africa's domestic energy system

Sci.Dev.Net, 16 October 2014

The website Sci.Dev.Net interviewed IEA Executive Director Maria van der Hoeven for the release of the report Africa Energy Outlook, which it called the most comprehensive collection of data on the energy sector in the region to date. Ms. Van der Hoeven highlighted the need to develop sub-Saharan Africa's energy resources for local use. "Two out of three dollars invested in Sub-Saharan Africa since 2000 have gone to produce energy for export," she said, but "the real shortfall is the lack of investors ready to commit their capital to domestic energy provision."

IEA Chief Economist: "Economic and social development of Africa critically hinges on fixing the energy sector"

The Christian Science Monitor, 13 October 2014

Africa "is very rich in terms of energy resources but very poor in energy supply," IEA Chief Economist Fatih Birol told the The Christian Science Monitor after the release of the World Energy Outlook special report Africa Energy Outlook. "The economic and social development of Africa critically hinges on fixing the energy sector." The report says USD 450 billion in supplementary investment in sub-Saharan Africa's power sector could halve power outages and bring universal electricity access in cities by 2040, the newspaper reported, which along with other reforms would bolster the region's economy by 30%.

IEA salutes first major CCS-equipped power plant

Bloomberg, 1 October 2014

Bloomberg cited IEA Executive Director Maria van der Hoeven prominently in its report on the official opening of the Boundary Dam coal-fired power plant's carbon capture and storage (CCS) operation. The Canadian project is the first significant use of CCS in electricity generation. After noting that the IEA expects CCS to play a key role as the world meets increasing power demand, it quoted Ms. Van der Hoeven: “CCS is the only known technology that will enable us to continue to use fossil fuels and also de-carbonise the energy sector.”

IEA-derived figure of "clean trillion" is rallying cry for sustainable investment

Inside Climate News, 15 September 2014

"A two-year-old number is changing the way governments, companies and investors approach the fight against climate change: $1 trillion," Inside Climate News reports. "The Paris-based organization of 29 developed countries calculated the cost in 2012 and raised its estimates this year." This "clean trillion" in annual additional spending has become a rallying cry since it was featured this year in a campaign for sustainable investment. Summarising the IEA investment pathway to limit global warming, the Inside Climate News report noted that investment last year was less than one-third of the target.

How an IEA announcement made for a landmark day

Today Online (from Financial Times), 10 September 2014

The Financial Times industry and energy editor Ed Crooks opens his review of the latest book by the scientist and essayist Vaclev Smil by citing how an IEA warning on OPEC spare capacity made 11 August 2004 an "under-recognised landmark date". "It had been clear for a while that China’s oil demand was booming, but the IEA’s announcement threw a spotlight on the scale of its growth." IEA recognition of China's thirst for energy for its surging economy marked that the days of cheap oil prices "were probably gone forever", the review notes.