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
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals