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World Energy Outlook

10 November 2015, Bloomberg

The plunge in oil prices risks undermining efforts to reduce the pollution blamed for global warming, especially projects designed to wring more from each barrel of oil, the International Energy Agency concluded in its annual assessment of markets. “Lower prices are not all good news for consumers,” the Paris-based institution wrote in its annual World Energy Outlook released Tuesday.“Longer payback periods mean that the world misses out on almost 15 percent of energy savings.”

10 November 2015, CNBC

Oil prices are set for a slow recovery, according to the latest report from International Energy Agency (IEA), which cautioned against the deep investment cutbacks in the industry. IEA Executive Director Fatih Birol told CNBC the organization did not think a world in which the price of oil was stuck at $50 for "many many years" was a likely scenario.

10 November 2015, New York Time

Even as the world shifts toward lower-carbon forms of energy, the changes are happening too slowly to keep global temperatures from rising to dangerous levels in the coming decades, an international research group warns in a report released on Tuesday. “Now is not the time to relax,” Fatih Birol, the agency’s executive director, said in a statement accompanying the report

10 November 2015, Financial Times

In its closely watched annual outlook, the International Energy Agency said oil demand would rise by less than 1 per cent a year between now and 2020, a slower pace than necessary to quickly mop up an oil glut that has driven prices to multiyear lows. “We are approaching the end of the single largest demand growth story in energy history,” Fatih Birol, executive director of the IEA, told the Financial Times ahead of the launch of its long-term forecasts.

10 November 2015, Guardian

Renewable energy accounted for almost half of all new power plants in 2014, representing a “clear sign that an energy transition is underway”, according to the International Energy Agency (IEA). Green energy is now the second-largest generator of electricity in the world, after coal, and is set to overtake the dirtiest fossil fuel in the early 2030s, said the IEA’s World Energy Outlook 2015 report, published on Tuesday.

14 July 2015, Bloomberg Business

Energy Mix to Shift Because of Climate Pledges, IEA's Birol says Pledges to curb climate-warming gases by China, the U.S. and European Union will have a “material impact” on the global energy sector, International Energy Agency Chief Economist Fatih Birol said. Political momentum in the three biggest emitters makes Birol optimistic for a successful outcome at a United Nations climate summit in December in Paris, where envoys aim to broker the first deal to fight global warming that binds all nations. If pledges made by all the nations are implemented, “there will be a material impact on the energy sector,” Birol told reporters at a briefing in Beijing on Tuesday. “I am hopeful. I have two reasons. One, today’s political momentum being led by China, the U.S., Europe and other countries. And second, is the data, what is happening today.”

9 July 2015, The Guardian

The world’s fossil fuel companies risk wasting billions of dollars of investment by not taking global action to fight climate change seriously, according to the chief economist of the International Energy Agency (IEA). Fatih Birol, who will take the top job at the IEA in September and is one of the world’s most influential voices on energy, warned that companies making this mistake would also miss out on investment opportunities in clean energy.

28 June 2015, Xinhua

China has made an "excellent example" in reducing carbon emissions, keeping at the same time an economic growth, said chief economist of International Energy Agency (IEA) Fatih Birol recently in an exclusive interview with Xinhua. In 2014, the volume of Chinese carbon emissions declined for the first time since 1999, while its economy increased around 7 percent, Birol said. According to the figures of a special report published by IEA in June 2015, Chinese carbon emissions registered in 2014 a drop of around 130 million metric tons, 1.5 percent annually. With the success of 2014, China is "one of the major drivers of the good news" in terms of global climate change, the chief economist said, hoping China continue to put the right energy policies in place and continue to find solution for the environmental problems.

18 June 2015, Bloomberg

"Carbon Glut Limits German Options to Meet Emissions Target" A glut of European Union carbon-emission permits is limiting Germany’s options to meet its 2020 greenhouse gas-reduction target, according to the nation’s environment ministry. Europe will take years to eliminate its surplus before cost-effective climate strategies based on carbon markets will get traction, Dirk Weinreich, head of emissions trading in the ministry, said Monday. Germany wants to cut emissions at home to meet its most-immediate climate goal rather than just buy and retire pollution allowances, he said in an interview.

15 June 2015, Financial Times London

"Report: World can cap emissions by 2020 without harming economy" The goal of peaking greenhouse gas emissions to combat climate change could be achieved as early as 2020 with very little economic pain and no new technological fixes, according to a new report released Monday. The report, from the International Energy Agency (IEA), an international organization promoting affordable and sustainable energy solutions, suggests tackling the emissions mostly from the burning of fossil fuels could be done with five changes in the energy sector - some of them under way and others that have long been resisted especially in the developing world. It calls for increasing energy efficiency in the industry, buildings and transport sectors; reducing the use of the least-efficient coal-fired power plants and banning their construction; increasing investment in renewable energy technologies in the power sector from $270 billion in 2014 to $400 billion in 2030; gradually phasing out of fossil-fuel subsidies to end-users by 2030; and reducing methane emissions in oil and gas production.