One big reason the US will become nearly energy self-sufficient by 2035 is increased energy efficiency, says Fatih Birol, chief economist at the International Energy Agency. Aggressive energy efficiency policies could yield even bigger gains.
A UN agency reports that as the global economy began to recover from the recession, carbon emissions surged to a new record, imperiling measures to contain global warming.
Oil prices hit $96.08 a barrel in the US because of concerns over Libya oil disruptions. Then oil prices retreated a bit.
Unless governments cut subsidies for fossil fuels and adopt new policies to support renewable energy sources, the Copenhagen Accord to hold global warming to less than a 2-degree increase will not be reached.
'Peak oil' hit in 2006, and a future of declining oil production means that ‘the age of cheap oil is over,’ says the IEA's chief economist.
China will drive rising energy consumption and carbon dioxide emissions over the next 25 years, says Fatih Birol, chief economist of the International Energy Agency. But it will also lead the way in new sources of renewable energy.
The chief economist for the International Energy Agency says oil-rich Nigeria has the capacity to extend electricity to all its 150 million citizens.
The chief economist for the International Energy Agency says the international community must mobilize to target the 1.4 billion people worldwide without electricity, and to meet the UN Millennium Development Goals.
Despite the breakneck speed at which the country surpassed the United States as the world's biggest energy consumer, International Energy Agency chief economist Fatih Birol says China energy use can be slowed.
China passed the United States as the world's No. 1 energy consumer. China denies it. But followers of China energy use are not surprised by the International Energy Agency's announcement.