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World Energy Outlook

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.

15 June 2015, Financial Times London

LONDON, June 15 (Xinhua) -- China is playing a "very important and constructive" role in combating climate change, International Energy Agency (IEA) Chief Economist Fatih Birol has said. Birol, who is also the Executive Director-elect of IEA, made the remarks in an interview with Xinhua. He praises China's efforts in transforming its energy mix by investing huge money in renewable energies projects and improving energy efficiency.

15 June 2015, Financial Times London

"Renewable power will overtake coal if climate pledges are kept." The striking finding by the International Energy Agency shows renewable power could soar from just over a fifth of global electricity generation today to nearly a third by 2030 - a bigger share than either coal, gas or nuclear plants. This shows today's energy companies are making a "major fatal error" if they assume climate action is not going to affect their business, Fatih Birol, the IEA chief economist, said.

15 June 2015, The Guardian London

"Paris climate summit must be start of frequent carbon reviews, says IEA." The crunch climate change conference to take place in Paris later this year must be the beginning of a new process of five-yearly meetings, rather than a one-off, the world’s energy watchdog has warned. Fatih Birol, currently chief economist of the International Energy Agency, and its incoming executive director, said: “The pledges in Paris need to be renewed every five years. That is because circumstances change, the costs of technology go down, and so on. We need to take account of that.”

15 June 2015, Reuters London

LONDON - Countries' current pledges for greenhouse gas cuts will fail to achieve a peak in energy-related emissions by 2030 and likely result in a temperature rise of 2.6 degrees Celsius (3.6 degrees Fahrenheit) by the end of the century, the International Energy Agency said on Monday. An international deal to combat climate change is meant to be agreed in December but a meeting in Bonn, Germany, last week ended with little progress toward an agreement to keep average temperature rises within 2C.

15 June 2015, The Washington Post Washington D.C.

The world is off course to prevent two degrees C of warming, says energy agency In a major report to be released Monday, the Paris-based International Energy Agency — which provides independent energy analysis and has 29 member countries, including the United States — will state that current national commitments to cut greenhouse gases are ambitious but still insufficient to keep the world below two degrees Celsius of warming above preindustrial levels. At the same time, the agency will also offer a path forward, showing how the world, with a bit more ambition, could peak its emissions by the year 2020 and get onto a safer path.