The Wall Street Journal on Tuesday, February 10 proclaimed “Oil-Price Rebound Predicted” according to the IEA. – Not true.
Most energy forecasts are based on information from the two leading energy information agencies: the EIA and the IEA. That’s about to change. Policymakers, investors and the public should take heed.
Solar power could replace coal as the world’s biggest source of electricity by 2050. That’s according to a new report this week from the International Energy Agency (IEA).
In the last fortnight we’ve seen new rules on coal emissions in the US, the prospect of a cap on coal consumption in China, and a report from the International Energy Agency (IEA) highlighting the risks to fossil fuel investment.
What the IEA has inadvertently stumbled upon is the reason why oil limits are a problem…It looks like there are plenty of resources available and plenty of ways to reduce energy use through mitigation. In fact, it becomes to impossible to finance everything that needs to be done.
The International Energy Agency has just released a new special report called “World Energy Investment Outlook” that should send policy makers screaming and running for the exits.
It was as if the International Energy Agency were appearing on the old American television game show To Tell the Truth last week as it offered a third contradictory forecast in the space of a year.
Everything is changing on energy, and yet everything remains the same. This is the message from the latest World Energy Outlook by the International Energy Agency.
Renewables will surpass natural gas for electricity generation globally by 2016, doubling nuclear output and coming in second only to coal in power generation.
As energy consumption for transport in cities is expected to double by 2050, IEA report sees potential savings of up to USD 70 trillion
The famous Danish physicist Niels Bohr once humorously observed, "Predictions are very difficult, especially about the future." And so, as the world considers yet another rosy oil supply forecast, this time from the Paris-based International Energy Agency, it is worth reviewing the agency’s record.
A weekly update, including:
•Oil and the global economy
•The Middle East
•The IEA’s forecast
•Quote of the week