11 November 2009, China Business News Daily
IEA says China alone will contribute to 1Gt reduction in CO2 in 2020. In its just released World Energy Outlook 2009, IEA projects that between 2007 and 2030, global energy demand will grow at 1.5% per year and increase by 40% which is slower than last year’s projection.
11 November 2009, Xinhua News Agency, China
The International Energy Agency Energy (IEA) urged worldwide energy revolution and called for more funds to tackle the crisis of climate change in its World Energy Outlook 2009 report published on Tuesday. According to the WEO 2009, due to the violent contraction of the global economy following the financial crisis, industrial production is estimated to consume less energy worldwide this year, which will be the first fall since 1981.But the report warns that big demand for energy will come back as soon as the economy rebounds, forecasting a 40 percent increase in energy demand in 2030.
11 November 2009, The Times
The world is facing a bill of $500 billion for every year that it delays in reaching a global deal on climate change, the International Energy Agency (IEA) said Tuesday 10 November at the launch of World energy Outlook 2009, the IEA’s flagship publication. Fatih Birol, chief economist with the IEA, told The Times that the annual cost of inaction — roughly equivalent to the annual GDP of Switzerland — would result from a steady build-up of additional concentrations of greenhouse gases in the atmosphere as the burning of fossil fuels accelerates. “We need to make a major transition,” he said, “But this will only happen if we get a global agreement as soon as possible.”
11 November 2009, Vedomosti, Russia
Because of the crisis the world energy consumption decreases in 2009 – for the first time since 1981, says International Energy Agency in its report “World Energy Outlook”. The oil consumption in 2009 decreases by 2.2% (in 2008 it decreased by 0.8%), energy demand fall by 1.6% (for the first time since the Second World War), and total investment in oil and gas production decreases by around 19% to its level in 2008, which is more than 90 billions euro.
11 November 2009, Kommersant, Russia
CO2 emission growth will lead to the significant concentration of greenhouse gas in atmosphere, which may cause the increase of global temperature by 6 degrees. This may leads to the significant climate changes and irreparable damage of the planet” – alert the IEA experts, proposing the number of actions to reduce the temperature growth to 2 degrees. To avoid the global catastrophe at least before 2030 IEA supposes, that the additional investments to the low carbon energy are necessary - 10.5 trillion dollars, the half of which will cover the transport modernization. Speaking at the U.S. Council on Foreign Relations think tank in New York, Fatih Birol said the targets China set for itself to achieve by 2020 would contribute more than 25 percent of what needed to be done globally to reduce carbon emissions. China will be the champion" of fighting climate change if it can reach the energy consumption targets it has already set, according to the chief economist of International Energy Agency (IEA).
10 November 2009, Bloomberg
The International Energy Agency cut its long-term forecast for global oil demand as the economic crisis saps consumption in developed economies and environmental policies encourage alternative energy use. | Global oil demand is expected to advance 1 percent a year to 105 million barrels a day by 2030 from 85 million barrels a day in 2008, the IEA said today in its annual World Energy Outlook flagship publication. “The global financial crisis and ensuing recession have had a dramatic impact on the outlook for energy markets” the Paris-based agency said in its executive summary of the report. “World energy demand in aggregate has already plunged with the economic contraction.”
10 November 2009, Reuters India
The world would have to spend an extra $500 billion to cut carbon emissions for each year it delayed implementing a deal on global warming, the International Energy Agency said today in London during its annual World Energy Outlook presentation. IEA Chief Economist Fatih Birol said: "The world needs to go to the 450 part per million (ppm) target, not only because of climate change but because of growing problems within our energy system and its possible implications again on the economy.”
10 November 2009, Financial Times
The International Energy Agency warned today at the launch of the agency’s annual flagship World Energy Outlook that the world’s use of fossil fuels will have to peak by 2020 if it is to escape a dangerous spike in global temperatures. Fatih Birol, the IEA’s chief economist, said: “This would be a revolution. This revolution could only take place if there is a financial signal to the energy industry.” He added: “We need a deal in Copenhagen. We need a signal for the energy industry. Without that, nothing will move.”
10 November 2009, The Wall Street Journal
The International Energy Agency said at the World Energy Outlook 2009 press conference launch a new global deal to limit carbon emissions, if reached in coming months, could sharply curtail the growth in oil consumption in the years ahead as alternative energy resources and efficiency measures are tapped. Global crude demand may grow by just roughly 6 million barrels a day from current levels to a total of around 91 million barrels a day by 2030 if a major agreement to cut greenhouse gas emissions is signed and implemented by nations.
10 November 2009, Reuters
A climate change deal is needed not only to address global warming, but also to ensure a shift from increasingly costly fossil fuels that could lead to a doubling of energy bills, the IEAs chief economist said. In the absence of an agreement, the ratio of energy spending to GDP for the largest consumer countries would double by 2030, Fatih Birol, author of the International Energy Agencys World Energy Outlook (WEO) told Reuters in an interview. "The world needs to go to the 450 part per million (ppm) target, not only because of climate change but because of growing problems within our energy system and its possible implications again on the economy," Birol said.