Working together to ensure reliable, affordable and clean energy

flag-pol flag-chi

Connect with us:

RSS LinkedIn You Tube

26 January 2010, The New York Times

Fatih Birol, IEA Chief Economist said: “When we look at the OECD countries -- the U.S., Europe and Japan -- I think the level of demand that we have seen in 2006 and 2007, we will never see again". Interviewed by Reuters from the sidelines of the Davos conference of business leaders, he added: “If there is a transformation in the transport sector, it may also slow down the growth substantially. Advanced-car technologies are very strong pushed in many countries”.

19 January 2010, Business Week

Interview with Fatih Birol, IEA Chief Economist, on WEO 2009 findings and what the future might hold for the global power sector.

17 January 2010, Trading Markets

Fatih Birol, the IEA Chief Economist, presenting the WEO 2009 at the IEF Secretariat in Riyadh, said that the world is approaching an era of gas glut and by 2015 there would be an excess capacity of about 200 bcm. Birol underlined also that the issue of energy poverty is still haunting the mankind. 1.5 billion People, all over the world, still lack access to electricity, pointing to growing gap between the haves and the have-nots.

17 January 2010, Dawn.com

The inability of government leaders to agree on stricter pollution controls at COP 15 Copenhagen meeting is showing up in commodity markets, where it’s getting cheaper to emit greenhouse gasses. “There is no binding agreement,” said Fatih Birol, IEA chief economist “There is no legal restriction. The global emission trajectory will be more or less in line with an increase of the global temperature of around 3 degrees.”

11 January 2010, The Wall Street Journal

According to the International Energy Agency, revolutionizing the energy industry to achieve a GHG target concentration in the atmosphere of no more than 450 parts per million (ppm) would require building 17 nuclear power plants a year between now and 2030; 17,000 wind turbines a year; or two hydropower dams on the scale of Three Gorges Dam in China. Major investments in new electricity generation from renewable resources are required. Fatih Birol, IEA Chief Economist, said: “For every $100 that goes into electricity, $72 must go into renewables, in which wind plays the most important role”.

6 January 2010, Industrial Fuels and Power

“There still is no clear signal for the energy sector after Copenhagen, and that means that the existing uncertainty in energy sector investments continues, particularly in the developing world,” said Fatih Birol, the chief economist at the International Energy Agency and a Davos 2010 Annual Meeting participant. While maintaining confidence that carbon regulations would spread globally over the long term, Birol warned: “Investors still have the incentives to build the kind of conventional coal-fired plants that lock in significant amount of carbon emissions for many years to come.”

17 December 2009, Scientific American

Fatih Birol, the IEA Chief Economist, presented the main findings of the World Energy Outlook 2009 in Riyadh last week. The International Energy Forum Secretariat (IEFS) Secretary General Noe van Hulst, the host of the day, rightly commented in his introductory remarks, "When Fatih speaks, the entire world listens." And so it was.

14 December 2009, Telegraph

Cutting governmental subsidies for fossil energy could lead to a 10 percent reduction in greenhouse gas emissions by 2050 as compared to 1990 levels, says a recent study by the Organisation for Economic Cooperation and Development. Fatih Birol, IEA chief economist, speaking at COP15 side event, argued that subsidies for fossil energy do not actually benefit the poor, but the middle classes, so there is no reason to worry about negative impacts on the poor if subsidies are scrapped.

14 December 2009, Blue Planet News

Article on The Economist about the peak-oil debate.

10 December 2009, The Economist

If the public has to choose between creating jobs and spending billions to scrub invisible heat-trapping gases from the sky, jobs will win. Thats why the campaign to combat climate change is morphing, at least politically, into an economic-development drive with an environmental twist. Fatih Birol, the IEA’s Chief Economist, commenting Copenhagen promises of the major countries, said: “Theres still a major gap between the current pledges and the desired outcome”.