OPEC General Secretary criticises IPCC report

OPEC General Secretary criticises IPCC report

OPEC Secretary General Mohammad Barkindo has criticised an UN report calling for radical action to fight climate change, stating it was ill-advised to say that the world’s future rested on renewables energy and that a “bombardment” of green advocacy could be damaging.

The UN International Panel on Climate Change (IPCC) report said radical action, including a drastic increase in the use of renewable energies, must be taken ensure temperature rises do not exceed 1.5C

“We have significant concerns with some of their conclusions, not to talk about their solutions going forward,” Barkindo told an Oil and Money conference.

“It is not about choosing one energy source against another, as it is being suggested by some of our colleagues in the scientific community. In some quarters we hear stories that suggest renewables are our only energy future. This, with all true respect to our friends, is clearly misguided,” he said.

The report said that by 2050, renewables would need to supply between 70 and 85 percent of electricity as opposed to the 25 percent it produces now.

The Secretary General said that a “bombardment of advocacy” for alternative energies could be damaging to the global economy and it impacts the levels of financing and investment across the industry.

“Oil is not toxic at the end of the day, emissions are toxic,” said Barkindo, adding technologies, such as carbon capture and storage (CCS), used to reduce and ultimately cut all emissions should be the focus of the global attention.

Earlier this year, a study for Nature Communications proved that carbon capture technologies can be used safely for up to 10,000 years to help reduce the amount of carbon dioxide released into the atmosphere.

 

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