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The International Energy Agency undermines global climate protection and energy security in its latest World Energy Outlook
The International Energy Agency’s call for new investments in fossil fuels, in particular oil and gas, in its latest World Energy Outlook (WEO) undermines the agency’s seemingly positive messages related to climate protection and the development of renewable energy, an analysis by the Energy Watch Group shows.

The International Energy Agency undermines global climate protection and energy security in its latest World Energy Outlook

The World Energy Outlook 2016, which was presented today in Berlin, calls for increased investment in oil and gas due to oil discoveries at lowest level in more than 60 years and low oil prices. The International Energy Agency (IEA) thereby disregards that the current low investment is in fact caused by the lack of new discoveries and the depletion of existing reserves. Moreover, higher oil prices will not be able to compensate for the lack of funding as cost reductions in the renewable energy sector increasingly challenge the competitiveness of oil and gas.

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The International Energy Agency undermines global climate protection and energy security in its latest World Energy Outlook
The International Energy Agency’s call for new investments in fossil fuels, in particular oil and gas, in its latest World Energy Outlook (WEO) undermines the agency’s seemingly positive messages related to climate protection and the development of renewable energy, an analysis by the Energy Watch Group shows.

Die Internationale Energieagentur schadet erneut dem Klimaschutz und der globalen Energiesicherheit mit dem jüngsten World Energy Outlook

Der heute in Berlin präsentierte „World Energy Outlook“ Bericht mahnt angesichts der 2015 und 2016 niedrigsten Ölfunde seit mehr als 60 Jahren und des niedrigen Ölpreises zu verstärkten Investitionen in den Öl- und Gassektoren. Dabei lässt die IEA außer Acht, dass die niedrigen Investitionen vor allem der Erschöpfung existierender und dem Mangel neuer Vorkommen geschuldet ist. Aber auch hohe Preise werden nicht ausreichen, um fehlende Fördermöglichkeiten hinreichend zu kompensieren, insbesondere weil immer günstiger werdende Erneuerbare Energien die Wettbewerbsfähigkeit der fossilen zunehmend schmälern.

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IEA’s Renewables Forecast: Old Wine in New Bottles
Despite slightly increasing its renewables projections, the IEA still heavily underestimates the growth of wind and solar PV energy in its new report, EWG analysis shows.

International Energy Agency’s Renewables Forecast: Old Wine in New Bottles

Despite slightly increasing its renewables projections, the IEA still heavily underestimates the growth of wind and solar PV energy in its new report, Energy Watch Group (EWG) analysis shows. October 27, 2016, Berlin – The International Energy Agency (IEA) is again underestimating the growth of renewable energy sources in its latest Medium-Term Renewable Energy Market […]

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