Tag: Dr Fatih Birol

Venezuela to share economic data with the IMF

Venezuela to share economic data with the IMF

Crisis stricken Venezuela is set to share its economic data with the International Monetary Fund (IMF) for the first time in two years, since its economic problems became severe, in order to avoid penalties that could include the exclusion of the IMF. According to two people with direct knowledge over […]

CCUS needed to fight climate change

CCUS needed to fight climate change

An article in Scientific American has underlined the importance of heavy investment in carbon capture, utilisation and storage (CCUS) in reducing emissions, alongside the use of renewables. The publication, that has featured contributions from the likes of Albert Einstein, noted that new improvements mean that the technology has become cheaper […]

IEA: Great incentives for CCUS investment needed

IEA: Great incentives for CCUS investment needed

In a new report, the International Energy Agency (IEA) has called for greater global incentives for investment into carbon capture, utilisation and storage (CCUS) to help the world meet is climate change goals. The agency found that commercial incentives for CCUS could significantly reduce global emissions in the near future. […]

IEA supports new US carbon capture tax credit

IEA supports new US carbon capture tax credit

International Energy Agency (IEA) Executive Director Fatih Birol has praised the 2018 federal budget that he says could lead to a breakthrough in carbon capture technologies and help the world achieve its Paris Agreement obligations. “There is one political move recently that I should say, I welcome this strongly,” Birol […]

US leading the way on carbon capture

US leading the way on carbon capture

While most CCS projects are located in Europe, the US is increasing investment into the technology and is focusing its priorities on the use of carbon capture. It has moved rapidly toward the technology as President Trump signals that the nation will continue using coal into the future. The Trump […]

Rick Perry co-chairs IEA summit on use of CCUS

Rick Perry co-chairs IEA summit on use of CCUS

US Energy Secretary Rick Perry and Dr Fatih Birol co-chaired a prominent International Energy Agency (IEA) summit in support for a renewed effort to encourage investment in carbon capture, utilisation and storage (CCUS). CCUS technologies present opportunities to significantly reduce emissions across the industry, whilst also safeguarding energy security and […]

India joins international energy body

India joins international energy body

India has joined the International Energy Agency (IEA) as an associate country. The move highlights India’s growing stance on the world stage as well as the large emphasis that Prime Minister Modi has placed on growing his country’s electricity capacity. India joins other expanding Asian economies such as China, Indonesia […]

IEA: India taking centre-stage of global energy market

IEA: India taking centre-stage of global energy market

International Energy Agency (IEA) chief Dr Fatih Birol has said that India is “moving to the centre-stage of global oil and energy markets”. “It’s not only oil. It is coal. It is solar,” Dr Birol told reporters at the annual CERAWeek energy conference in Texas, citing India’s strong economic and […]