Thursday, 27 January 2011

If you missed IEA's chief economist "saying the unsayable", slides from the talk are now online

Last week we blogged that Fatih Birol, chief economist at the International Energy Agency, had said the unsayable: that is, it's virtually impossible for us to meet climate change targets with current policies.

Dr Birol made these remarks at a lecture at the Grantham Institute for Climate Change. The slides from that lecture are now online. The concluding slide states:

Recently announced policies can make a difference, but fall well short of what is needed for a secure & sustainable energy future

The age of cheap oil is over, though policy action could bring lower international prices than would otherwise be the case

Stronger penetration of natural gas can have profound implications for energy markets and environment

Renewables are entering the mainstream, but long-term support is needed to boost their competitiveness

Lack of ambition in Copenhagen/Cancun has increased the cost of achieving the 2C goal & made it less likely to happen

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