UK Minister Welcomes WEO Messages 12 November Shortly after the launch of the World Energy Outlook in London, IEA Executive Director Nobuo Tanaka met with UK Minister of State for Energy and Climate Change, Hon. Michael O’Brien to discuss the key messages of the study and its implications. The two are pictured here with the WEO.
CO2 Emissions from Fuel Combustion, 2008 Edition 12 November This annual publication has become an essential tool for analysts and policy makers in many international fora such as the Conference of the Parties. read more...
No Signs Yet of EU Carbon Leakage Author of a new study on carbon leakage, IEA analyst Julia Reinaud said “The EU Emissions Trading System has not, so far, triggered observable carbon leakage in sectors studied.” The paper looked at the first phase of the EU ETS from 2005 to 2007 and examined the steel, cement, aluminium and refinery sectors. It urges caution both in devising measures to combat carbon leakage and in concluding that no measures are necessary, as leakage may have been blurred due to free allocation of allowances. Europolitics, 29 October 2008
Asked about oil prospects in Africa, which are starting to look dimmer because of the credit crunch, geopolitical problems and price hikes, IEA Chief Economist Fatih Birol sustained the idea that Africa’s days as a supplier of additional oil may be numbered. “We have benefited from additional oil volumes from Africa, but given the production profile of off-shore fields, we need to see significant new discoveries to sustain that trend”, he said and added, “it’s not clear that will happen.” Wall Street Journal, 22 October 2008
Visit the new IEA Russian site
