IEA’s Birol ‘optimistic’ amid ‘huge challenges’
Governments need to take a leading role in supporting technological development and tackling the emissions of legacy power and industrial facilities, he says
There are still “huge challenges” to meeting Paris Agreement emissions targets that will require greater levels of technological development and government support to overcome, according to Fatih Birol, executive director of the Paris-based IEA. “A key issue is for the governments and investors to make the right technology policies and make the right technology investments. This is extremely critical,” said Birol at the launch of the IEA’s Energy Technology Perspectives (ETP) report this morning. Birol cautions that the climate debate is “overwhelmingly” concentrated on the electricity sector, but even if it achieved zero emissions that would not be enough, as it accounts for 38pc of total e
Also in this section
19 December 2024
Deepwater Development Conference welcomes Shell’s deepwater development manager to advisory board for March 2025 event
19 December 2024
The government must take the opportunity to harness the sector’s immense potential to support the long-term development of the UK’s low-carbon sector
18 December 2024
The energy transition will not succeed without a reliable baseload, but the world risks a shortfall unless more money goes into gas
18 December 2024
The December/January issue of Petroleum Economist is out now!