Connie Hedegaard: "World Energy Outlook credible base for policy choices in climate change"
Today, Fatih Birol, the International Energy Agency’s Chief Economist, presented the 2011 World Energy Outlook at an informal briefing for the European Commission, with a view on the ongoing work for the 2012 outlook.
Opening the briefing, Connie Hedegaard noted: "Following Durban, it is of utmost importance for international negotiators to rely on credible, quantitative analysis to adopt effective and appropriate policy choices to mitigate climate change. The World Energy Outlook provides this authoritative analysis. The 2011 edition showed very clearly that we have no time to lose. Delaying action is a false economy: for example, for every dollar saved before 2020 by avoiding low carbon investment now in the power sector, 4.3 dollars will need to be spent afterwards to remedy the impacts of increased emissions.
Moreover, the recent oil price increases will make it harder for Europe to get out of the crisis, and they demonstrate the urgent need for our economy to become more energy efficient, and less vulnerable to the continued trend of increasing oil prices. The IEA has consistently argued that energy efficiency makes the single most important contribution to mitigating climate change, demonstrating the synergies between the fight against climate change and increased energy security.
The Commission looks forward to the 2012 edition of the World Energy Outlook, as the authoritative source of information for countries around the world to implement smart energy and climate policies. This can contribute to a successful discussion at the Doha Climate Conference later this year."