IEA in the news

New York Times turns first and foremost to IEA as it reviews status of clean energy technology

The New York Times, 21 July 2015

The New York Times opened an extensive status report on clean energy technology and investment by citing the IEA. “In the race to develop technologies to slow climate change, the world is off track,” the article starts, quoting Energy Technology Perspectives 2015 and its foreword by Executive Director Maria van der Hoeven as to how ''not one of the technology fields tracked is meeting its objectives. Our ability to deliver a future in which temperatures rise modestly is at risk of being jeopardised.''

World will need all sources of energy – and therefore CCS – IEA Executive Director says in US address

St. Louis Post-Dispatch, 17 July 2015

The St. Louis Post-Dispatch both interviewed IEA Executive Director Maria van der Hoeven and reported on her speech to a large assembly at Washington University in the Missouri city. “We expect huge growth in energy demand in the emerging economies, especially in Asia,” Ms. Van der Hoeven told the newspaper. “So in our view we will need everything we have, but we have to do it in a way that it’s not harmful to the climate.” To keep coal and even natural gas in the mix, she said in her speech, carbon capture and storage (CCS) must be developed and deployed quickly.

Coverage of IEA oil report zeroes in on bearish assessment

Various sources, 10 July 2015

Oil prices may fall further, numerous newspapers and agencies concluded after the July issue of the IEA Oil Market Report (OMR) characterised markets as “massively oversupplied”.

“The bottom of the market may still be ahead,” Bloomberg quoted the report as saying. 

Reuters quoted from the report, "It is equally clear that the market's ability to absorb that oversupply is unlikely to last."

"Something has to give," BBC echoed.

The Financial Times (limited access) described the July OMR as "bearish".

CNBC pointed out the report's concerns that crude oil bulls are not being helped by financial turmoil in Greece and China.

Citing the July OMR's findings, The Wall Street Journal (subscription only) said “the rebalancing that began when oil markets set off on an initial 60% price drop a year ago has yet to run its course".

In its first estimates for 2016, the July OMR projected oil demand growth would slow to 1.2 million barrels per day, compared with an average of 1.4 million barrels per day in 2015, Agence France-Presse reported.

Fossil-fuel companies “making a strategic mistake” by ignoring impacts of climate policy

The Guardian, 9 July 2015

Fossil-fuel companies risk missing out on investment opportunities in clean energy if they do not take the fight against global warming seriously, The Guardian quoted IEA Chief Economist Fatih Birol as saying at the Our Common Future Under Climate Change scientific conference in Paris. “We see some moves from energy companies in the direction of sustainable development,” the newspaper quoted him as saying. “However, it is not at the level you would like to see. If they think that their businesses are immune to the impacts of climate policy, they are making a strategic mistake.” 

IEA recommendations feed editorial’s hope for eventual effective global action on carbon emissions

Washington Post, 24 June 2015

The Washington Post editorial writer Stephen Stromberg echoed the new World Energy Outlook Special Report on Energy and Climate Change’s view that nations’ carbon-reduction pledges ahead of negotiations in Paris this year must be seen as only a first step to limiting global average temperature rise to 2°C. “While inadequate, the IEA found that these commitments will help dramatically decouple economic growth from emissions growth over the coming years,” he wrote. “More important than the size of these particular commitments, however, will be the structures and expectations the Paris negotiators establish to produce more commitments later.” The IEA, he added, calls for major conferences every five years to evaluate progress and enhance efforts: “If the IEA’s analysis shows anything, it is that world leaders must establish this international regime as soon as possible.”

Pope or IEA: a quiz tests which climate change report said what

Nature , 19 June 2015

The scientific journal Nature featured the two high-profile publications on climate change of the third week of June: the World Energy Outlook Special Report and Pope Francis I’s Laudato si' encyclical. Saying that some of the encyclical’s content “would not look out of place in an IEA report”, Nature selected 10 paragraphs from the two documents and challenged readers to determine whether the Agency or the Holy See wrote them. (If you need a hint: there are five selections from each report.) 

Switch from coal to natural gas would not cut emissions enough, IEA analyst explains

BBC News, 9 June 2015

BBC News featured IEA Gas Coal & Power Markets Division Head Laszlo Varro in an extensive report from the World Gas Conference in Paris about whether gas can be a weapon in the fight against climate change: it quoted IEA analysis in concluding that the fuel is only partially effective. “In fact, if all the coal power stations in the world were turned off and replaced with modern gas-fired plants, total global CO2 emissions would fall by about 5 billion tonnes a year to 25 billion tonnes, according to Laszlo Varro at the International Energy Agency (IEA),” the BBC reported. “Emissions need to fall to about 5 billion tonnes for the climate to stabilise, he says.”

Europe’s LNG imports to double by 2020 but won’t supplant Russian supply

EurActiv, 4 June 2015

The EU-focused news service EurActiv covered the IEA outlook for European gas imports in Medium-Term Gas Market Report 2015, noting that liquefied natural gas imports are expected to double by 2020 but that weakened Asian demand appears to leave Europe in a strong bargaining position. Even with the greater LNG supply, resurgent European demand means that Russian imports are “not set to be meaningfully displaced”, EurActiv quoted from the report. 

IEA in the news by year