The IEA goes from net zero to ground zero

The Paris-based energy watchdog is reverting to its core mission and putting security over transition

Thinktank the National Centre for Energy Analytics recently analysed how and why the IEA is heading in the wrong direction with regard to energy scenarios. The paper, titled Energy Delusions: Peak Oil Forecasts: A Critique of Oil “Scenarios” in the IEA World Energy Outlook 2024, explained how wishful thinking had become the organisation’s primary directive. For decades, the IEA was the world’s gold standard for both energy information and credible analysis. In the past few years, the agency has radically changed its mission to become a promoter of an “energy transition” following the commitment of all its member governments to the Paris Agreement climate accords. The US signed the Paris Agre