14 October 2009, Reuters India
The International Energy Agency and the U.S. Secretary of Energy warned on Wednesday that the fast rise in oil prices could pose a risk to global economic recovery. Oil futures, boosted by perceptions the economy is recovering, surged to a new 2009 peak above $75 a barrel on Wednesday -- a level IEA Chief Economist Fatih Birol called "unjustifiably high" in an interview with Reuters.
6 October 2009, The Wall Street Journal
An investment of $10 trillion in renewable energy and other carbon-abatement technology will be necessary over the next two decades to limit the rise in the Earths temperature, the International Energy Agency warns in a new report.
6 October 2009, Bloomberg
The global economic crisis has made it easier to halt the increase in greenhouse gases released by power plants, factories and cars through 2020, the International Energy Agency said in a revision of its forecasts from November. "Governments should see that if we dont make use of this very unique window of opportunity, it could cost them much more in the future," Fatih Birol, chief economist at the IEA, said in an interview in Bangkok today. "The later we start, the more costly it will be and the less achievable it will be from an economic and political point of view."
6 October 2009, The Guardian
Man-made greenhouse gas emissions will drop 3% in 2009 largely because of the worldwide financial crisis, the International Energy Agency (IEA) said today. Three-quarters of the reduction has been the result of less industrial activity, with the rest coming from countries turning to renewable energy and nuclear power. The emissions cuts, only the fourth in the last 50 years, provide countries with a unique chance to switch to less carbon-intensive energy sources, said the IEAs chief economist, Fatih Birol.
6 October 2009, BBC News
The global recession provides a window of opportunity to curb climate change and build a low-carbon future, says the International Energy Agency (IEA).It calculates that global greenhouse gas emissions will fall by 3% this year - an increase on previous estimates. If governments take this opportunity to invest in clean technology, the global temperature rise can be kept below the G8 goal of 2C (3.6F), the agency says. The findings were released at UN climate talks in Bangkok.
6 October 2009, Deutsche Press Agentur
The financial crisis could help cut emissions by 3 per cent this year, opening a window of opportunity for world leaders to ink a new climate deal in Copenhagen, the International Energy Agency said Tuesday. “Out of this 1.9 gigatons, about three-fourths was out of the financial crisis, and one-fourth was due to new policies between last and this year some major countries put in place (...)," said Fatih Birol, IEAs chief economist.
6 October 2009, Reuters
Carbon emissions from a group of richer emerging economies including Russia, China and the Middle East must stop growing by 2020 to control global warming, the International Energy Agency said on Tuesday. One consequence of firmer climate action would be less use for fossil fuels including oil, with demand peaking before 2020 as a result of efficiency measures and new access to wind and solar power, the IEA said. That would ease global security of energy supply concerns, said Fatih Birol, IEA chief economist. "In the OCED countries oil imports in 2030 are 7 million barrels per day less," if the world agreed an ambitious climate deal, he said.
6 October 2009, the National
GCC oil exporters yesterday dismissed as untrue a report from the UK that they were negotiating with China, France, Japan and Russia to stop pricing oil in the beleaguered US dollar. "The dollar is the only currency which we can work 24 hours in all five continents," said Fatih Birol, the chief economist of the Paris-based International Energy Agency. "To change from the dollar to anything from one day to another would be very challenging."
1 October 2009, The Economist
The G20 (actually 19 countries plus the European Union and international financial institutions) account for 80% of greenhouse-gas emissions. Most subsidies come from its poor and middle-income members. The International Energy Agency reckons that poor countries, defined as those outside the Paris-based Organisation for Economic Co-operation and Development (OECD), spend $310 billion a year on such subsidies, mainly for petrol. That supposedly helps the poor. But Fatih Birol, the IEA’s chief economist, says that the subsidies mainly benefit middle-income and higher-earning urban types; the rural poor use little fossil fuel.
21 September 2009, Financial Times
Reporting on the forthcoming IEA study on climate change to be published in Bangkok 6 October, an early excerpt of the World Energy Outlook 2009, the newspaper quotes the Agencys Chief Economist Fatih Birol as saying that the financial crisis will lead to a "surprising" and "significant decline" in greenhouse gas emissions this year. "We have a new situation, ith the changes in energy demand and the postponement of many energy investments," he said and added: "But this only has meaning if we can make use of this unique window of opportunity. (That means) a deal in Copenhagen," at the UN climate change conference in December.