11 November 2009, Die Zeit, Germany
The IEA calls upon industrialised countries to commit to active climate policy. This will cost a lot. But doing nothing will be expensive as well. “Copenhagen must give a signal” says Fatih Birol, chief economist of the International Energy Agency (IEA). “It is essential that OECD countries clearly commit to effective climate policy there, even if a detailed agreement cannot be reached.”
11 November 2009, LExpress, France
Dr. Fatih Birol, the author of the World Energy Outlook, said that the share of spending on energy in GDP for the main consuming countries will double by 2030. Therefore the world needs to strive towards a 450 parts per million CO2-equivalent concentration not only for climate change reasons, but also to prevent the energy system from shocks and their eventual implications on the economy.
11 November 2009, Peoples Daily, China
As one of the consequences of the financial crisis, global energy use is set to fall in 2009, for the first time since 1981, according to the World Energy Outlook 2009, the IEA’s flagship publication launched Tuesday in London. The WEO 2009 said fossil fuels will continue to dominate the energy mix, accounting for more than three-quarters of incremental demand. Non-OECD countries account for over 90 percent of this increase.
11 November 2009, Neue Züricher Zeitung, Switzerland
Global energy demand has decreased because of the economic crisis. But it is going to increase significantly again, if no radical policy measures are taken. The International Energy Agency IEA deems them as extremely urgent because of climate change.
11 November 2009, The Guardian
Rich countries are being urged to sign up to a Make Poverty History-style pledge at the climate change summit at Copenhagen next month to bring electricity to the 1.5 billion people in the world without it. The IEA predicted that without international action by governments, there would still be 1.3 billion people – or 16% of the worlds population – with no access to electricity in their homes or villages by 2030.. The IEAs chief economist, Fatih Birol, told the Energy firms have no incentive to build power plants or connect remote areas to the grid if people are too poor to pay the bills. "Its not likely to happen unless theres a major international concerted effort by rich countries," Birol said. "We will start to push it on to the main agenda at Copenhagen."
11 November 2009, Finfacts Ireland
In its annual World Energy Outlook report released on Tuesday, International Energy Agency also warns that the world’s use of fossil fuels – coal, oil and natural gas – will have to peak by the early 2020s. Fatih Birol, the IEA’s chief economist, argues the world needs a “revolution” in the energy and vehicle industries. “We need a deal in Copenhagen. We need a signal for the energy industry. Without that, nothing will move,” he said.
11 November 2009, Le Figaro, France
The drop in energy investments due to the financial and economic crisis, explains Fatih Birol the Chief Economist of the IEA, is bad news because once the demand for oil surges along with the global economic revival, and if oil production does not keep pace, we risk seeing again volatility in prices and this does not bode well for economic recovery.
11 November 2009, The Times
In its 2009 World Energy Outlook, the IEA said that the surplus in global supplies could hit 200 billion cubic metres per year by 2015. IEA’s Chief Economist Fatih Birol said that the glut was emerging because of slumping global energy demand amid the recession and booming American production of gas from “unconventional sources”, so-called “tight gas” and “shale gas”. New technology that uses hydraulic pressure to blast previously unreachable gas out of rock formations was driving a “silent revolution” in the US energy market, with “far-reaching implications” for the rest of the world. “This is a gamechanger that will put downward pressure on spot prices,” he said.
11 November 2009, The Independent
The worlds energy systems will need an extra $10.5 trillion in investment between now and 2030 to reduce dependence on fossil fuels and avoid "irreparable damage to the planet" the International Energy Agency (IEA) warned during World Energy Outlook 2009 presentation. In the run-up to next months climate summit in Copenhagen, the IEAs annual global outlook outlined parallel forecasts – one based on the current trajectory of global energy consumption, the other a lower-carbon model requiring major international policy co-ordination.
11 November 2009, Reuters, Italy
The world will have to spend an extra $500 billion to cut carbon emissions for each year it delays implementing a major assault on global warming, the International Energy Agency said on Tuesday during the World Energy Outlook 2009 launch.