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29 November 2010, Portfolio, Hungary

The roles undertaken by the United States and China in the struggle against climate change were at the core of today’s presentation in Budapest of the 2010 World Energy Outlook by IEA Chief Economist Dr. Fatih Birol. Although the Asian giant’s 2009 consumption was only half the amount used by the US, it may grow to the world’s largest power consumer within a very short time, Dr. Birol said.

29 November 2010, Regering & Riksdag, Sweden

Interviewed by Il Sole 24 Ore, Fatih Birol, the IEA Chief Economist, said that nuclear and renewable energy could be powerful allies, ideal as complementary. Nuclear power is a basic electricity while renewables are full of progress and future, but still immature and expensive. Therefore the best policy should aim to including both in the energy mix and the question that arises today is not a choice between nuclear and renewables, but keep in mind that the world needs both.

26 November 2010, Világgazdaság, Hungary

The period of low oil price has "gone," said Fatih Birol, chief economist of International Energy Agency (IEA). The price of crude oil has been surging of late on a renewed sense of optimism regarding the state of the global economy. In this context, Birol told Xinhua, oil is set to rise, and low oil prices have gone.

25 November 2010, Reuters

The International Energy Agency (IEA), which tracks global energy developments for the world’s industrial countries, recently reported that subsidies around the world for fossil fuels (coal, gas, and oil), at $312 billion per year, are nearly six times the $57 billion in subsidies for renewable energy sources such as solar and wind energy. “Getting the prices right, by eliminating fossil-fuel subsidies, is the single most effective measure to cut energy demand in countries where they persist, while bringing other immediate economic benefits’’, said the IEA.

25 November 2010, EV Wind, Spain

In terms of world energy policies, actors outside the European continent are becoming increasingly influential. The European Union is losing time’’, warned International Energy Agency chief economist Fatih Birol today in Brussels. In its annual World Energy Outlook, the IEA states that failure in Copenhagen has cost us at least $1 trillion". Moreover, there are still 1.4 billion people living without access to electricity, the report estimates.

25 November 2010, The Economist

Natural gas oversupply will extend into the coming 10 years, the International Energy Agencys (IEA) chief economist Fatih Birol said on Wednesday in a conference call organized by Credit Suisse on the World Energy Outlook. Natural gas prices will also rise to $7 MMBTU, supported by growing demand from China and the Middle East and retirement of coal generating facilities worldwide, Birol said. Among all fuels, demand for natural gas is likely to grow in all case scenarios devised by the agency, IEA said.

22 November 2010, Reuters

The latest World Energy Outlook released by the International Energy Agency is a useful reminder of the enduring place of fossil fuels in the global energy mix. This year’s IEA outlook report shines a spotlight on the growing importance of natural gas in the global energy equation [...] and on new policies which will increase the share of renewables in electricity generation to a third by 2035. All of this underscores the immense challenges involved in shifting energy systems away from existing fuel sources and infrastructure.

22 November 2010, The Globe and Mail, Canada

By 2035, according to the International Energy Agency, China will be using a fifth of all global energy, a 75% increase since 2008.[…] Such figures translate into major gains for [commodity] exporters.

22 November 2010, Dziennik, Poland

China accounts for a large part of the projected global increase in demand for oil and coal, and consequently also CO2 emissions, but China also has a second role said Dr. Birol. "According to our projections, the largest increase in low-carbon technologies and in advanced road transport technologies will come from China."

22 November 2010, Gazeta Wyborcza, Poland

Oil prices will rise beyond $200 a barrel as global supplies, strained by rising demand from China, India and other emerging economies, near their peak in 2035, the International Energy Agency (IEA) predicted yesterday. Ahead of that, the Paris-based IEAs 2010 World Energy Outlook also forecast prices of more than $100 a barrel in 2015. "Production in total does not peak before 2035, though it comes close to doing so," the agency said. The IEA’s chief economist, Fatih Birol, said "the message is clear, the price will go up, especially if consuming countries do not make changes in the way they consume oil, especially in the transport sector."