Podcast appearances and mentions of Fatih Birol

Recorded on April 24, 2025 and March 18, 2025 https://youtu.be/L6O9xlM-R7c Episode 130 of the PetroNerds podcast is the show stopping jam packed talk Trisha Curtis gave at the Houston Producers Forum on March 18th, 2025. Do not worry, she gets you up to speed on oil prices with a short introduction to this heavy hitting talk. Trisha discusses oil prices being oversold and the 10 year yield in the introduction. At the Houston Producers Forum talk Trisha covers oil prices and what is driving oil prices, geopolitical volatility, natural gas prices, Chris Wright's leadership in Washington, CERA week capitulation and "peak shale" talk, coal, wind and solar power, China, the IEA and Fatih Birol, tariffs and the de minimis rule, Mexico and Vietnam, the Chinese economy and global oil demand, inflation and the weakened consumer, DeepSeek, and Chinese industrial electricity consumption. Trisha further covers geopolitics including Iran, Russia, Ukraine, and China, economic uncertainty and tariffs, and the health of the consumer, energy is everything, and US oil and gas production dominance. And yes, she does this all in 40 minutes. Listen on Itunes

Is China's lead in clean technologies insurmountable? How will the Trump presidency shape relations with China? And when will China's emissions peak? Fatih Birol, head of the International Energy Agency, has said that 'almost every energy story is essentially a China story. But it's a complicated story that has been powered by vast supplies of coal. China's economy has grown rapidly, with per capita levels of energy consumption now matching Europe's, making it the world's largest emitter of greenhouse gasses. At the same time, China has increased the share of electricity and total energy to around 28% thanks to a rapid uptake of electric vehicles and increasing use of electricity for heating domestically. If it continues on its current trajectory, it is likely to peak its greenhouse gas emissions from energy in the next few years, if it hasn't done so already. China is also playing an increasing role beyond its borders: In 2023, 20% of the global EV export market belong to China, and it dominates the battery, solar and wind industries. This week on Cleaning Up, Bryony Worthington sits down with Professor Qi Ye, Director of Public Policy at Hong Kong University of Science and Technology, who's had a ringside seat during China's rapid shift towards a clean energy economy. Together they unpack the complex dynamics shaping the global energy transition in China. Discover the remarkable scale and pace of China's clean energy transformation, the challenges of international collaboration, and Professor Qi's vision for a new era of climate leadership.Leadership Circle: Cleaning Up is supported by the Leadership Circle, and its founding members: Actis, EcoPragma Capital, EDP of Portugal, Eurelectric, the Gilardini Foundation, KKR, National Grid, Octopus Energy, Quadrature Climate Foundation and Wärtsilä. For more information on the Leadership Circle, please visit cleaningup.live.Links: How China Became a Green Finance Superpower - Ep160: Dr. Ma JunThe World's Preeminent Energy Economist - Ep133: Fatih BirolHow Trump & Musk Will Reshape US Climate Action — Election Special

Le vert, couleur de l'espoir utilisée pour symboliser la nature, à la veille de la COP29 qui débute demain, en Azerbaïdjan. Une nouvelle conférence internationale sur le climat qui se déroule encore, après Dubaï l'an dernier, « chez l'un des plus importants exportateurs d'hydrocarbures de la planète », remarque Le Nouvel Obs. En 2024, l'or noir, « le pétrole est toujours roi », constate l'hebdomadaire, et le monde « toujours accro aux énergies fossiles », alors même que pour tenir l'objectif de l'Accord de Paris d'un réchauffement de la planète contenu à 1,5°C, il est nécessaire, d'après un rapport de l'Agence internationale de l'Energie, de renoncer dès maintenant au développement de nouveaux champs pétroliers ou gaziers. Le directeur de l'AIE milite donc « pour une décarbonation accélérée » : Fatih Birol est devenu « le poil à gratter » des producteurs d'énergies fossiles, indique Le Nouvel Obs, qui consacre un article à celui qui a « cassé le côté "club de riches" de l'Agence internationale de l'Energie en l'ouvrant aux grands pays émergents ». Le vert est en couverture d'Aujourd'hui en France Week-end, pour un numéro entièrement consacré à l'environnement. Avec un reportage dans la luxuriante forêt guyanaise, à la frontière brésilienne, à la découverte des pratiques ancestrales des autochtones. « Les sociétés amazoniennes pourraient nous (ré)apprendre à préserver nos écosystèmes ou à recréer des relations plus saines entre faune, flore et humains », explique le chercheur Guillaume Odonne. Même si là-bas, aussi, on vit « un choc des générations ». « Cultiver le coton pour tisser son hamac, s'en remettre au chaman en cas de maladie » : de nombreuses coutumes « sont aujourd'hui en décalage avec l'appel de la vie moderne », peut-on lire dans ce reportage, qui conclue en ajoutant que « nombreux sont ceux qui pensent que ces deux mondes devraient s'inspirer mutuellement pour tenter de sauver l'essentiel ». Le climat et l'Union européenne face au retour de Donald Trump Reste encore beaucoup de chemin à parcourir, donc, et cela ne devrait pas s'arranger avec la réélection de Donald Trump aux États-Unis. « Ce sera l'éléphant dans la pièce de la COP29 », il sera « dans tous les esprits » en Azerbaïdjan, écrit Libération. Dans son édition du week-end, le journal prévient : « Il va falloir faire avec un climatosceptique assumé et fier de l'être ». En matière d'environnement, Donald Trump « a l'intention de mettre en place un système de destruction », s'inquiète, dans Libération, Laurence Tubiana, l'une des architectes de l'Accord de Paris, que les États-Unis pourraient de nouveau quitter avec Donald Trump. « Le contexte global est propice à voir d'autres pays le suivre », estime-t-elle, en pensant à l'Argentine et au Venezuela. En l'absence des États-Unis, Laurence Tubiana mise donc sur la Chine qui a, selon elle, « tout intérêt à ce que la diplomatie climatique continue de fonctionner », pour des raisons économiques. Elle cite également le Brésil et l'Union européenne. Sauf que l'UE est aussi perturbée par le retour de Donald Trump.  « La protection qu'apportaient les États-Unis n'est plus garantie », reconnaît le ministre français des Affaires étrangères dans Le Parisien Dimanche. « Les Européens font face à un triple risque existentiel, poursuit Jean-Noël Barrot : l'insécurité généralisée et la guerre sur le continent, le décrochage industriel et technologique et la désintégration du modèle démocratique ». « La victoire de Donald Trump doit servir d'électrochoc », espère, dans La Tribune Dimanche, le directeur général du Forum de Paris sur la paix. Selon Justin Vaïsse, le retour du républicain à la Maison Blanche « confirme une tendance du système international, qui s'oriente vers toujours plus de protectionnisme, de guerres commerciales. Dans ce paysage, reste la pauvre petite Europe, dont le centre de gravité demeure le libre-échange ». « La planète tourne, et l'Europe regarde », se désole Éric Chol dans son édito dans L'Express, en se demandant « où sont donc passés les grands dirigeants d'hier ». « Le célèbre moteur franco-allemand est bon pour la casse, ajoute Franz-Olivier Giesbert dans Le Point, et rien ne l'a encore remplacé. Au moment où tous les cieux du monde se couvrent de nuages noirs, l'Europe a décidé de retourner avec les vaches regarder les trains qui passent ». Jordan Bardella publie son premier livre Lui n'est d'ailleurs pas un Européen convaincu. Jordan Bardella en tournée, dans les médias, pour faire la publicité de son premier livre : Ce que je cherche, un titre inscrit sur une photo-portrait du président du Rassemblement national en noir et blanc. Couverture qui rappelle celle des mémoires de Barack Obama. Le Figaro Magazine publie des extraits de ces 324 pages. Jordan Bardella se présente comme un « enfant des classes populaires et fils de migrants italiens, héritier de la méritocratie républicaine ». Il revient sur son enfance en Seine-Saint-Denis, près de Paris, dans la cité Gabriel-Péri, et parle aussi de son prénom, qu'il dit avoir eu du mal à « assumer ». « J'ai voulu que les Français saisissent en profondeur ce que je pense et les raisons qui me poussent à le penser », explique Jordan Bardella dans Le Journal du dimanche, propriété de Vincent Bolloré comme les éditions Fayard qui publient l'ouvrage. « Le président du RN cherche à gommer son appartenance à l'extrême droite, analyse Le Nouvel Obs, en se présentant plus libéral que Marine Le Pen. Sans rien renier, en réalité, de ses obsessions identitaires et autoritaires ». Sur le fond comme sur la forme, Libération est encore plus critique : « Dans ce livre au style si mauvais qu'on finit par penser qu'il l'a vraiment écrit tout seul, le dauphin de Marine Le Pen ne parvient guère à se découvrir ». Le retour de l'esprit olympique et paralympique avec Aurélie Aubert Elle s'affiche avec des baskets blanches, à lacets bleus et rouges, et le même sourire qui a fait chavirer la France, l'été dernier : Aurélie Aubert, en Une du magazine L'Equipe. Les images de la championne paralympique de boccia « éperdue d'extase sur son fauteuil une fois victorieuse » ont « saisi les cœurs », rappelle le reportage. Depuis son titre, le quotidien d'Aurélie Aubert « en famille d'accueil dans un hameau de l'Eure a explosé », et son entraîneuse bénévole la « trouve encore fatiguée ». Mais « c'est une combattante », assure Claudine Llop Cliville. Orpheline, atteinte d'une paralysie cérébrale due à un manque d'oxygène à la naissance, Aurélie Aubert peine à le reconnaître mais, oui, sa victoire à Paris l'été dernier, c'est une « revanche ». Dans cette vie « pas très simple », elle assure que la boccia est « sa bouée de sauvetage ». « Si on m'en prive, je pleure. Quand j'y joue, ma journée est belle. C'est un projet de vie ». Passé les nombreuses sollicitations médiatiques, Aurélie Aubert espère donc pouvoir reprendre l'entraînement normalement et, encore une fois, porter les couleurs bleu, blanc, rouge, là aussi signes d'espoir. 

« Plus de la moitié de l'électricité sera d'origine bas carbone avant la fin de la décennie. » Dans son dernier rapport paru mercredi 16 octobre, l'Agence internationale de l'énergie persiste et signe. En désaccord complet avec ces prédictions, les multinationales du pétrole continuent, elles, d'investir lourdement dans les hydrocarbures. Entre Fatih Birol, le directeur exécutif de l'Agence internationale de l'énergie (AIE) et l'internationale du pétrole, le courant ne passe plus. Il y a certes consensus sur l'explosion des besoins en énergie, liés au développement des pays du Sud, mais aussi à l'appétit insatiable de l'intelligence artificielle et de ses milliers de datacenters ou encore à la climatisation croissante des espaces publics et privés qui répond au réchauffement climatique autant qu'elle y contribue.Mais l'agence basée à Paris fait le pari que les énergies renouvelables, d'un côté l'éolien et le solaire en tête, et l'énergie nucléaire de l'autre, fourniront malgré tout la moitié de l'électricité de la planète d'ici à 2030. Sur ce point, les pétroliers sont en complet désaccord. « Il faut abandonner de toute urgence le fantasme d'une disparition progressive du pétrole et du gaz », s'est agacé Amin Nasser, le puissant patron de la compagnie nationale saoudienne de pétrole Aramco à la tribune d'un forum de l'industrie à Houston. « À la place, il faut investir dans ces ressources en prenant en compte l'évolution réaliste de la demande. » L'Arabie saoudite et les pays producteurs de pétrole en général considèrent que la consommation de pétrole va continuer d'augmenter tous les ans, « au moins jusqu'en 2045 ».Une analyse partagée par les principales compagnies privées : ces dernières années, BP et Shell sont revenues tour à tour sur leurs objectifs de réduction de la production de pétrole et de gaz. Le géant français Total prévoit lui carrément d'augmenter sa production de pétrole de 3 % tous les ans jusqu'en 2030. Devant une commission d'enquête du Sénat français, en avril dernier, son PDG ne s'est pas privé de dire tout le mal qu'il pensait des prédictions de l'AIE : « Le scénario ‘net zéro' de l'AIE [qui prévoit la neutralité carbone en 2050, NDLR] est un scénario théorique », a insisté Patrick Pouyané devant les sénateurs. « L'AIE dit que [compte tenu du déclin naturel des champs] il suffit qu'on arrête d'investir dans le pétrole. Le problème, c'est que la même AIE nous explique chaque semaine que la demande de pétrole de l'année suivante augmente. » Visiblement agacé, le patron de Total tape du poing sur la table et s'en prend directement au patron de l'Agence : « Ce n'est pas à moi qu'il faut poser la question, c'est à monsieur Fatih Birol. Parce que je veux bien qu'on ait un nouveau pape et une nouvelle bible, mais ce n'est pas la réalité de ce que nous vivons aujourd'hui. »« La transition vers les énergies propres est irréversible »Le « nouveau pape » en question n'a pourtant rien d'un zadiste en sarouel. L'économiste turc est un ancien du sérail, ce qui explique peut-être le sentiment de trahison ressenti par les industriels. Avant de prendre la tête de l'AIE en 2015, il a fait carrière au sein de l'Organisation des pays exportateurs de pétrole (Opec). S'il est vrai qu'il a pris conscience de l'urgence climatique, l'AIE, créée après le premier choc pétrolier de 1973 pour faciliter la sécurité des approvisionnements énergétiques, reste avant tout un instrument prédictif dont les rapports font toujours foi. Avant la COP28, Fatih Birol avait lancé un appel aux pétroliers parlant de « moment de vérité » : « Nous verrons si vous êtes les partenaires de la lutte contre le changement climatique, oui ou non. »Mais il assure que ses prévisions sur le pic de pétrole n'ont rien de politique, citant notamment le ralentissement de la demande chinoise, l'électrification à marche forcée du parc automobile et la domination du renouvelable dans les investissements énergétiques de la planète au point de représenter désormais les deux tiers de sommes engagées. « Les chiffres ont toujours raison », a dit Fatih Birol en septembre devant un groupe de réflexion new-yorkais. « La transition vers les énergies propres est irréversible. Je vois certains célébrer chaque obstacle qui se dresse sur la route, mais le chemin à prendre ne fait aucun doute. »

The International Energy Agency (IEA), which polishes its progressive credentials every time Executive director Fatih Birol speaks from his ivory tower, is forecasting fossil fuel use to peak within a decade. Down at ground level, evidence continues to mount that fossil fuel consumption will continue to grow, led by natural gas. Williams Companies CEO Alan […]

As Dr. Fatih Birol, the IEA's Executive Director, stated it in the previous episode: the EU's reliance on Russian energy, especially natural gas, was a monumental historic mistake. Prior to 2022, the country accounted for over 40% of the EU's natural gas supply. Last year the Russian share fell to approximately 15%. To achieve this the EU significantly reduced its demand and replaced Russia with other suppliers. But, at what cost? And which sectors have reduced their demand the most. And how? I put these and other questions to Ben McWilliams, an economist in the field of Energy and Climate Policy. He is an affiliate fellow at the Brussels-based independent economic think tank Bruegel. Since 2022 he has worked on a monthly overview of European natural gas import flows, storage levels and demand. - European natural gas imports: https://www.bruegel.org/dataset/european-natural-gas-imports - European natural gas demand tracker: https://www.bruegel.org/dataset/european-natural-gas-demand-tracker

How will Europe be able to balance energy security, affordability and sustainability? Is Brussels going to be able to hold it's own now geopolitical storms are raging? And where is Europe's energy intensive industry heading? I put these and other questions to the head of an organization that was established in the aftermath of the 1973 oil crisis. In the last 50 years this international agency has grown to be one of the most authoritative voices in the world on energy. In Search of Europe's Energy Future my guest today is Fatih Birol, the Executive Director of the Internationale Energy Agency.

By 2050, estimates indicate that the global economy will have doubled in size and will be serving a population of over 10 billion people. In this context, improving energy efficiency is critical to delivering an affordable, secure and climate-aligned future. What can companies and governments do to enable economic growth with less energy? This is the full audio from a session at the World Economic Forum's Annual Meeting in Davos on 16 January, 2024, linked to the International Business Council of the World Economic Forum. Watch it here: https://www.weforum.org/events/world-economic-forum-annual-meeting-2024/sessions/transforming-energy-demand/ Speakers: Tania Bryer, Anchor, CNBC Robert E. Moritz, Global Chair, PwC Peter Herweck, Chief Executive Officer, Schneider Electric SE Ilham Kadri, Chief Executive Officer and Chairman of the Executive Committee, Syensqo SA Fatih Birol, Executive Director, International Energy Agency Anish Shah, Group Chief Executive Officer and Managing Director, Mahindra Group Links: World Economic Forum's Centre for Energy and Materials: https://centres.weforum.org/centre-for-energy-and-materials/ Podcasts: Davos 2023: Keeping the pace on climate change The energy transition moonshot: innovations that will transform our world Check out all our podcasts on wef.ch/podcasts: YouTube: - https://www.youtube.com/@wef/podcasts Radio Davos - subscribe: https://pod.link/1504682164 Meet the Leader - subscribe: https://pod.link/1534915560 Agenda Dialogues - subscribe: https://pod.link/1574956552 Join the World Economic Forum Podcast Club: https://www.facebook.com/groups/wefpodcastclub

It is now cheaper to save the world than destroy it. But is capitalism up to the challenge of preventing the climate crisis?  In his new book Climate Capitalism, Zero host Akshat Rathi introduces a dozen people who are already steering capitalism to solve the climate crisis: from the engineer who shaped China's electric car policies and the politician who helped make net-zero a UK law to the CEO who fought off a takeover attempt so he could stick with a sustainability strategy. Akshat argues that not only is capitalism capable of taking on the climate crisis, but harnessing it is the only way to solve the climate crisis in the time we have available.  And yet while some improvements have been made over the past few years, the world is off track to meet its 2050 climate targets. So today on Zero, Bloomberg's Greener Living editor Kira Bindrim sits down with Akshat to discuss his new book, and asks him: If climate capitalism is so doable, why does it seem so difficult?  Read more:  Order Akshat's new book, Climate Capitalism Listen to the interview with Fatih Birol that Akshat mentions  Hear Akshat and Kira talk about the reality of carbon footprints Read a transcript of this episode Zero is a production of Bloomberg Green. Our producer is Oscar Boyd and our senior producer is Christine Driscoll. Special thanks to Anna Mazarakis, Gilda di Carli and Kira Bindrim. Thoughts or suggestions? Email us at zeropod@bloomberg.net. For more coverage of climate change and solutions, visit bloomberg.com/green. See omnystudio.com/listener for privacy information.

Tamsin Lishman joins Bryony this week to talk heat pumps. Tamsin is CEO of Kensa Group, a Cornwall-based manufacturer and installer of ground source heat pumps. Kensa is the UK's only manufacturer of ground source heat pumps. Both air source and ground source heat pumps are rapidly growing technologies, and Tamsin believes that Kensa's heat pumps can - and will - be deployed to electrify domestic heating in the UK. On a recent episode of Cleaning Up, Fatih Birol, Executive Director of the IEA, argued that heat pumps are "the closest thing to a silver bullet" we have in the race to net-zero. In over two decades, Kensa has saved over 1 million tonnes of carbon through ground source heat pump installations. The Kensa Group is partly owned by Legal & General Capital, part of Legal & General PLC, and Octopus Energy. Tamsin was appointed CEO of Kensa Group in July 2023. Previously, she had stints at EnergyNest and Centrica. She holds a Master of Engineering from Oxford University.    Links See Kensa's website here: https://www.thekensagroup.com  Read the IEA's report on the future of heat pumps: https://www.iea.org/reports/the-future-of-heat-pumps (For UK viewers) Check out the UK government's tool to see if a heat pump could be suitable for your home: https://www.gov.uk/check-heat-pump Read this Guardian piece on heat pump installations in the UK: https://www.theguardian.com/business/2024/jan/08/greener-cheaper-much-warmer-heat-pump-owners-laud-their-new-system Read about Kensa's recent fundraise of £70m from Octopus and Legal&General, with the help of EcoPragma Capital, here: https://www.kensaheatpumps.com/news-blog/pump-it-up-octopus-energy-and-legal-general-make-britains-biggest-investment-in-ground-source-heat-pumps/

Die Internasionale Energie-agentskap vra regerings om saam te werk om oplossings te vind vir die wêreld se grootste klimaatuitdagings. Minsters van Energie en die Klimaat wêreldwyd vergader in Parys, Frankryk, vir die agentskap se 2024-ministersvergadering. Die uitvoerende direkteur, Fatih Birol, sê kwessies sluit in die risiko's vir energiesekuriteit rakende Rusland se inval in Oekraïne en internasionale pogings om aan die uitkoms van die COP28-konferensie oor klimaatverandering te voldoen:

Fatih Birol, Executive Director of the International Energy Agency, says that global oil markets should remain 'comfortable' this year as new supplies satisfy demand and keep prices in check. He speaks with Bloomberg's Tom Mackenzie and Kriti Gupta. See omnystudio.com/listener for privacy information.

In der 229. Folge von „bto – beyond the obvious – der Ökonomie-Podcast mit Dr. Daniel Stelter“ beschäftigen wir uns mit der Energiestrategie Deutschlands und dem von Fatih Birol, Chef der Internationalen Energieagentur (IEA), als „historischen Fehler“ bezeichneten Atomausstieg. Gibt es eine Möglichkeit, diesen Fehler zu korrigieren? Wäre ein Energiesystem aus Erneuerbaren und Gas bis zum russischen Krieg gegen die Ukraine noch finanzierbar gewesen, steht spätestens mit der aktuellen Entscheidung der USA, den Export von Flüssiggas (LNG) zu begrenzen, fest, dass wir auf dem Holzweg sind. Weltweit steht die Kernkraft vor einer Renaissance, die keineswegs so teuer sein muss, wie derzeitige Probleme beim Bau neuer Reaktoren suggerieren. So ist jedenfalls die Einschätzung der IEA. Sie sieht außerdem großes Potenzial in den sogenannten Small Modular Reactors (SMR), die deutlich günstiger zu bauen sind.In Deutschland gibt es mit Dual Fluid ein Start-up, das sich mit einem innovativen Ansatz für den Markt der Zukunft in Stellung bringt. Welche Technologie das Unternehmen verfolgt, erklärt Dr. Björn Peters, Finanzvorstand von Dual Fluid im Gespräch mit Daniel Stelter. Werden demnächst neue Kernkraftwerke in Deutschland gebaut? Wohl kaum. Sollten die noch bestehenden Anlagen modernisiert und wieder in Betrieb genommen werden? Energiekosten und Klimaschutz sprechen dafür. Hörerservice:Die zitierte Studie der IEA finden Sie hier. Täglich neue Analysen, Kommentare und Einschätzungen zur Wirtschafts- und Finanzlage finden Sie unter www.think-bto.com. Sie erreichen die Redaktion unter podcast@think-bto.com. Wir freuen uns über Ihre Meinungen, Anregungen und Kritik.ShownotesHandelsblattEin exklusives Angebot für alle “bto – beyond the obvious – featured by Handelsblatt”-Hörer*innen: Testen Sie Handelsblatt Premium 4 Wochen lang für 1 Euro und bleiben Sie zur aktuellen Wirtschafts- und Finanzlage informiert. Mehr erfahren Sie unter: https://handelsblatt.com/mehrperspektiven Hosted on Acast. See acast.com/privacy for more information.

durée : 00:46:24 - On n'arrête pas l'éco - par : Alexandra Bensaid - Ce samedi, décryptage du mantra de Gabriel Attal, le nouveau Premier ministre qui réclame de l'action en faveur des classes moyennes, et un entretien avec Fatih Birol, le patron de l'Agence internationale de l'énergie et l'un des meilleurs observateurs de la transition à l'échelle de la planète. - réalisé par : Charles De Cillia

While South Africa's latest draft electricity plan is signalling a pullback in renewables investments for the period to 2030 relative to the prevailing policy, the rest of the world is powering ahead, with the International Energy Agency (IEA) reporting that 50% more renewables capacity was installed globally in 2023 than in 2022 and with record-breaking growth forecast for the coming five years. In its 'Renewables 2023' report, the IEA states that 507 GW of renewable-energy capacity was installed last year, increasing the installed base to about 3 600 MW, with solar photovoltaic (PV) accounting for three-quarters of worldwide additions. The largest growth took place in China, which commissioned as much solar PV in 2023 as the entire world did in 2022, while China's wind power additions rose by 66% year-on-year. In addition, the IEA now expects China to achieve its national 2030 target for wind and solar PV installations in 2024, six years ahead of schedule. Renewable energy capacity in Europe, the US and Brazil also hit all-time highs, and solar PV and onshore wind deployment in these territories through to 2028 is expected to more than double when compared with the last five years. About 64 GW of new renewable capacity is forecast for sub-Saharan Africa from 2023 to 2028, more than doubling the region's current installed capacity. Much of this growth, however, hinges on South Africa, where the outlook could be affected by the lower ambition signalled in the country's yet-to-be-approved Integrated Resource Plan of 2023 (IRP 2023), which is out for comment. The IEA forecasts that global renewables capacity will grow to 7 300 GW over the five years to 2028, with nearly 3 700 GW expected to be installed during the period, or more than has been installed since the first commercial renewable energy power plant was built more than 10 years ago. Solar PV and wind account for 95% of the expansion, with renewables overtaking coal to become the largest source of global electricity generation by early 2025. By 2028, potential renewable electricity generation is expected to reach around 14 400 TWh, an increase of almost 70% from 2022. To meet the COP28 goal of tripling capacity by 2030, which would increase the installed base to 11 000 GW, would require governments to act on policy uncertainties and cumbersome administrative procedures, as well as to tackle insufficient grid investment and the current insufficient financing in emerging and developing economies. "For me, the most important challenge for the international community is rapidly scaling up financing and deployment of renewables in most emerging and developing economies, many of which are being left behind in the new energy economy," IEA executive director Fatih Birol says. He notes, too, that onshore wind and solar PV are cheaper today than new fossil fuel plants almost everywhere and cheaper than existing fossil fuel plants in most countries. The report notes that prices for solar PV modules in 2023 declined by almost 50% year-on-year, while these cost reductions are set to continue on the back of yearly global manufacturing capacity reaching 1 100 GW by the end of 2024, which significantly exceeds demand. "By contrast, the wind industry (outside of China) is facing a more challenging environment due to a combination of ongoing supply chain disruption, higher costs and long permitting timelines, which require stronger policy attention," the report states. It also concludes that the world's capacity to generate renewable electricity is expanding faster than at any time in the last three decades, offering a "real chance of achieving the goal of tripling global capacity by 2030". In South Africa, however, there is a risk of a slowdown in renewables investment, despite the country's world-class solar and wind resources, which have made wind and solar PV the cheapest sources of new electricity. Deployment has already been lumpy since the resumption of public procurement in 202...

While South Africa's latest draft electricity plan is signalling a pullback in renewables investments for the period to 2030 relative to the prevailing policy, the rest of the world is powering ahead, with the International Energy Agency (IEA) reporting that 50% more renewables capacity was installed globally in 2023 than in 2022 and with record-breaking growth forecast for the coming five years. In its 'Renewables 2023' report, the IEA states that 507 GW of renewable-energy capacity was installed last year, increasing the installed base to about 3 600 MW, with solar photovoltaic (PV) accounting for three-quarters of worldwide additions. The largest growth took place in China, which commissioned as much solar PV in 2023 as the entire world did in 2022, while China's wind power additions rose by 66% year-on-year. In addition, the IEA now expects China to achieve its national 2030 target for wind and solar PV installations in 2024, six years ahead of schedule. Renewable energy capacity in Europe, the US and Brazil also hit all-time highs, and solar PV and onshore wind deployment in these territories through to 2028 is expected to more than double when compared with the last five years. About 64 GW of new renewable capacity is forecast for sub-Saharan Africa from 2023 to 2028, more than doubling the region's current installed capacity. Much of this growth, however, hinges on South Africa, where the outlook could be affected by the lower ambition signalled in the country's yet-to-be-approved Integrated Resource Plan of 2023 (IRP 2023), which is out for comment. The IEA forecasts that global renewables capacity will grow to 7 300 GW over the five years to 2028, with nearly 3 700 GW expected to be installed during the period, or more than has been installed since the first commercial renewable energy power plant was built more than 10 years ago. Solar PV and wind account for 95% of the expansion, with renewables overtaking coal to become the largest source of global electricity generation by early 2025. By 2028, potential renewable electricity generation is expected to reach around 14 400 TWh, an increase of almost 70% from 2022. To meet the COP28 goal of tripling capacity by 2030, which would increase the installed base to 11 000 GW, would require governments to act on policy uncertainties and cumbersome administrative procedures, as well as to tackle insufficient grid investment and the current insufficient financing in emerging and developing economies. "For me, the most important challenge for the international community is rapidly scaling up financing and deployment of renewables in most emerging and developing economies, many of which are being left behind in the new energy economy," IEA executive director Fatih Birol says. He notes, too, that onshore wind and solar PV are cheaper today than new fossil fuel plants almost everywhere and cheaper than existing fossil fuel plants in most countries. The report notes that prices for solar PV modules in 2023 declined by almost 50% year-on-year, while these cost reductions are set to continue on the back of yearly global manufacturing capacity reaching 1 100 GW by the end of 2024, which significantly exceeds demand. "By contrast, the wind industry (outside of China) is facing a more challenging environment due to a combination of ongoing supply chain disruption, higher costs and long permitting timelines, which require stronger policy attention," the report states. It also concludes that the world's capacity to generate renewable electricity is expanding faster than at any time in the last three decades, offering a "real chance of achieving the goal of tripling global capacity by 2030". In South Africa, however, there is a risk of a slowdown in renewables investment, despite the country's world-class solar and wind resources, which have made wind and solar PV the cheapest sources of new electricity. Deployment has already been lumpy since the resumption of public procurement in 202...

The COP28 Presidency and the International Energy Agency (IEA) High-Level Dialogues concluded with strong consensus on the key elements needed for the energy transition.The fifth and final Dialogue, held during COP28 in Dubai, was attended by over 40 high-level leaders, including Heads of State and Government, Heads of Delegation and business leaders. It marks a significant achievement for the co-Chairs, COP28 President Dr. Sultan Al Jaber and Dr. Fatih Birol, Executive Director of the IEA.The Dialogues concluded with clear convergence on the building blocks of a 1.5°C-aligned energy transition and strong support for an ambitious decision on the Global Stocktake at COP28.Dr. Birol set out an ambitious and integrated package across five pillars for COP28, for which there was strong support in the room:Tripling global renewable energy generation capacity by 2030.Doubling annual energy efficiency improvements by 2030.An orderly decline of fossil fuel use demand by 2030, starting with no new coal plants.Commitment from the oil and gas industry to align their strategies and investment portfolios with 1.5°C, with a focus on a 75 percent reduction in methane emissions by 2030.Financing mechanisms for a major scaling-up of clean energy investment in emerging and developing economies.At the conclusion of the Dialogues, Dr. Sultan Al Jaber said: “This series of dialogues has allowed us to converge on the critical elements of the just energy transition. The transition will not be straightforward, but it will be harder if we cannot agree on its central components. Simply put, to deliver the highest possible ambitious response to the Global Stocktake we must work together. I am encouraged by the practical actions brought forward by world leaders today at the final dialogue, and I hope that you take this open mindset and optimism throughout this COP.”Dr. Birol commented: “I'm encouraged by the support by governments around the world during the dialogue for the IEA's five pillars for success at COP28, including the need by 2030 for tripling renewable capacity, for doubling energy efficiency improvements, for the oil and gas industry to meaningfully commit to clean energy transitions, for a massive increase in financing for developing economies, and for an orderly decline of fossil fuel use. We now need to see this support translate into concrete commitments and action.”Attendees highlighted the strong support for the COP28 Presidency's Global Renewables and Energy Efficiency Pledge, which has been signed by 130 countries. There was broad agreement on the need for urgent action on coal, not only on no new unabated coal plants, but also on accelerating the retirement of existing plants.There was also acknowledgement that countries must seize the opportunity to develop and accelerate their own energy transition plans, while supporting developing countries with finance and technology transfer. Initiatives such as Just Energy Transition Partnerships (JETPs) were highlighted as an effective mechanism for enabling a just and orderly energy transition that supports developing countries.The final Dialogue follows a year of engagements, where key elements of the energy transition including renewables, energy efficiency, financing, fossil fuel demand and supply, and decarbonization have been discussed. The series of Dialogues have been conducted in conjunction with the International Renewable Energy Agency (IRENA) and supported by the United Nations Framework Convention on Climate Change (UNFCCC).During the dialogue, world leaders displayed significant ambition to achieve concrete targets and accelerate deployment of renewable capacity and improve energy efficiency.This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/6022096/advertisement

It's estimated that more than 2 billion people use polluting stoves - with severe consequences for their health. The World Health Organisation says 3.2 million people die each year as a result of the household air pollution they cause. Ruth Alexander finds out why this problem – which also harms the environment – is so difficult to solve. She speaks to Dr Fatih Birol of the International Energy Agency in Paris; Sophie Odupoy from Koko Networks in Kenya; Naramath Lucas Kariongi from the Rural Communities Support Organisation in Tanzania; and Dr Mike Clifford of Nottingham University's engineering department in the UK. If you would like to get in touch with the show, please email: thefoodchain@bbc.co.uk. Producers: Hannah Bewley and Rumella Dasgupta.(Picture: a clay stove with a wood fire lit. Credit: BBC)

Stephen Sackur speaks to the head of the International Energy Agency, Fatih Birol. As oil and gas-rich UAE hosts the latest climate change summit, is it time to admit the much-vaunted global energy transition is veering off course?

Fatih Birol, the head of the International Energy Agency, discusses the role of the energy sector in addressing climate change, what we'd have to change in our lives to meet climate targets — and whether those targets are still realistic.

“Coal demand reached a new all-time high in 2022.” That was the headline of the International Energy Agency's annual coal market update, released in July of this year. In fact, 2022 was the third year in a row that global coal consumption has increased.  This growth occurs against the backdrop of an ever-worsening climate crisis driven by energy sector emissions, of which coal accounts for 40%, and it's why the IEA's own executive director Fatih Birol called for an end to new coal power plant construction in a recent op-ed. But despite coal's impact on the climate, it remains a vital source of energy for much of the world, particularly in Asia.  What is the outlook for coal in the years to come? What will it take to move away from the fuel? And what would phasing it out mean for emerging and developing economies? This week host Jason Bordoff talks with Carlos Fernández Alvarez about the findings of this year's Coal Market Update. Carlos is a senior coal analyst at the International Energy Agency, and recently served as the acting head of the Gas, Coal, and Power Markets division. He was the lead author on this year's Coal Market Update and has contributed to many other IEA reports, including the organization's flagship publication, the World Energy Outlook. Carlos has 25 years of experience in the energy sector, serving as an energy consultant, an energy advisor for the Spanish Government, and later as the director of the Spanish Coal Agency.

This week, the International Energy Agency published its flagship report: The World Energy Outlook. It's hundreds of pages long and makes some bold claims. It says in the year 2030, there will be 10 times as many electric cars on the road as today, 80% of all new power generation will be solar or wind, and demand for fossil fuels – coal, oil and gas – will have peaked. The report is dominating climate news because what the IEA says makes a big difference to how governments tweak their energy policies. But how did an organization formed by a handful of countries in response to the 1973 oil crisis come to hold so much influence over our response to the climate crisis? For the answer, this week we're revisiting one of our favorite episodes: an interview with Fatih Birol, the head of the IEA. As we approach COP28, hosted by an oil power and led by the CEO of an oil company, it's good to understand how international organizations can be successfully transformed in the face of climate change. Read more:  Read the World Energy Outlook Global Oil Demand to Reach Its Peak This Decade, IEA Says— Bloomberg Want to know more about the IEA story? Order Akshat's book, Climate Capitalism, here. Read a transcript of this episode here Zero is a production of Bloomberg Green. Our producer is Oscar Boyd and our senior producer is Christine Driscoll. Special thanks this week to Eric Roston, Kira Bindrim and Will Mathis. Thoughts or suggestions? Email us at zeropod@bloomberg.net. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.See omnystudio.com/listener for privacy information.

Jenny Johnson, Franklin Templeton President & CEO, shares concerns about spiraling US debt and its impact on interest rates. Mandeep Singh of Bloomberg Intelligence discusses the latest in tech earnings. Cameron Dawson, Newedge Wealth Chief Investment Officer, says the Fed's higher-for-longer policy is starting to bite. Paul Jacobson, General Motors Chief Financial Officer, discusses GM's 3Q earnings and the company's outlook amid the UAW strike. Fatih Birol, International Energy Agency Executive Director, discusses the impacts of geopolitical conflicts on the global energy market. See omnystudio.com/listener for privacy information.

The International Energy Agency (IEA) is warning that investment in transmission and distribution infrastructure is failing to keep pace with renewables projects, and is leading to a large and growing queue of projects waiting to be connected to the grid globally. In a newly published report titled 'Electricity Grids and Secure Energy Transitions', the agency notes that advanced projects with a combined capacity of 1 500 GW, or five times the amount of solar and wind capacity added worldwide in 2022, are currently waiting to be connected to the grid. The report also identifies a lack of investment in grid infrastructure as one of the reasons for ongoing loadshedding in South Africa currently, noting too that no wind projects were awarded during the country's most recent renewables auction as a result of a lack of grid capacity. However, a recent domestic assessment indicated that significant grid capacity could still be unlocked in provinces such as the Western Cape under a framework accommodative of less than 10% renewable-energy curtailment, which is a common practice among international transmission system operators. Nevertheless, there is a growing push for accelerated investment in new grid infrastructure, with government even considering private sector participation models to help fund the estimated R210-billion-plus required to add 14 000 km of new power lines and associated transformation capacity by early in the next decade. A report on the options is being prepared and will reportedly serve before Cabinet in the not-too-distant future. Globally, the IEA calculates that 80-million kilometres of power lines will need to be added or refurbished by 2040 to meet national climate and security-of-supply targets - a rollout that is equivalent in scale to all grids currently in operation globally. It adds that yearly grid-related investment will also need to double to more than $600- billion a year by 2030. In modelling the carbon impact of failing to scale up such investments, the report outlines a so-called 'Grid Delay Case', showing that cumulative carbon dioxide (CO2) emissions between 2030 and 2050 would be almost 60-billion tonnes higher as a result of a slower rollout of renewables that results in higher fossil fuel consumption. Under such a scenario, emissions would be equivalent to the total CO2 emissions from the global power sector over the past four years, implying a global temperature rise well above the Paris Agreement target of 1.5 °C, with a 40% chance of exceeding 2 °C. "We must invest in grids today or face gridlock tomorrow," IEA executive director Fatih Birol argued when releasing the first-of-its-kind global study on October 17.

It is now cheaper to save the world than destroy it. But is capitalism up to the challenge of preventing the climate crisis?  In his new book Climate Capitalism, Zero host Akshat Rathi introduces a dozen people who are already steering capitalism to solve the climate crisis: from the engineer who shaped China's electric car policies and the politician who helped make net-zero a UK law to the CEO who fought off a takeover attempt so he could stick with a sustainability strategy. Akshat argues that not only is capitalism capable of taking on the climate crisis, but harnessing it is the only way to solve the climate crisis in the time we have available.  And yet while some improvements have been made over the past few years, the world is off track to meet its 2050 climate targets. So today on Zero, Bloomberg's Greener Living editor Kira Bindrim sits down with Akshat to discuss his new book, and asks him: If climate capitalism is so doable, why does it seem so difficult?  Read more:  Order Akshat's new book, Climate Capitalism Listen to the interview with Fatih Birol that Akshat mentions  Hear Akshat and Kira talk about the reality of carbon footprints Read a transcript of this episode Zero is a production of Bloomberg Green. Our producer is Oscar Boyd and our senior producer is Christine Driscoll. Special thanks to Anna Mazarakis, Gilda di Carli and Kira Bindrim. Thoughts or suggestions? Email us at zeropod@bloomberg.net. For more coverage of climate change and solutions, visit bloomberg.com/green. See omnystudio.com/listener for privacy information.

☀️ Em 2023, a cada US$ 1 investido em combustíveis fósseis, outros US$ 1,70 vão para #energialimpa , marcando um novo momento na economia global, estima novo relatório da Agência Internacional de Energia (IEA, na sigla em inglês). “O exemplo brilhante do crescimento do investimento em energia limpa é a #energiasolar , que em 2023 deve atrair mais capital do que a produção global de petróleo pela primeira vez. Isso reflete a mudança da maré na energia mundial”, comenta o diretor executivo da IEA, Fatih Birol. Neste painel da série #DiálogosDaTransição vamos discutir como andam e qual o futuro dos investimentos da energia solar #fotovoltaica no país. Vamos reunir CEOs e investidores para entender as perspectivas para projetos, seus desafios legais e regulatórios e o retorno para a sociedade. Convidados: Rodrigo Sauaia | Absolar Bernardo Bezerra | Omega Robert Klein | Voltalia Acompanhe: 00:00:00 Introdução 00:02:04 Rodrigo Sauaia | Absolar 00:18:19 Bernardo Bezerra | Omega 00:31:23 Robert Klein | Voltalia 00:40:58 Discussão 01:02:55 Considerações finais

This week on the show, Fareed speaks with Catherine Rampell, opinion columnist for The Washington Post, about the US government's narrowly averted shutdown and the consequences of America's addiction to government spending. Then, an all-star foreign policy panel with The Economist's Zanny Minton Beddoes and Richard Haass of the Council on Foreign Relations. They speak about the West's waning support for the war in Ukraine, America's gerontocracy, and what the fighting in Nagorno-Karabakh says about Russia's geopolitical influence. Plus, Fareed talks to Fatih Birol, the Executive Director of the International Energy Agency, about whether it's the beginning of the end for fossil fuels. To learn more about how CNN protects listener privacy, visit cnn.com/privacy

Today we were delighted to host Dr. Pippa Malmgren. Pippa is an experienced economist, author, and speaker, served as an advisor to President George W. Bush, and has advised the British Cabinet and the Cabinets of several Asian nations on economic policy. She has held several significant positions throughout her career including Senior Advisor to Monaco Foundry and Avonhurst, Board Member at Premios Verdes, former Managing Director at Bankers Trust, and the author of several award-winning books. She is a founder and co-founder of tech ventures spanning robotics, cleantech, space, and more. We were thrilled to get Pippa's perspective on current global economic trends and geopolitical events. Our discussion explored a range of topics starting with Pippa's experience in the White House during 9/11 and her team's challenging task of re-creating a market for US Treasuries and re-opening the NYSE. Pippa shares her outlook on today's stress-filled geopolitical environment, the unique and often misunderstood relationship between the US and China, and why Pippa thinks the world is at a peak in geopolitical tension (and trending down from here). We discuss the potential for war between China and Taiwan, what surprises might happen there, geopolitics in Latin America including Chinese and Russian influence in the area, and the possibilities for the often-dismissed potential of space-based solar power. We then explore leadership and leaders around the world, Pippa's latest book “The Infinite Leader,” autocracy vs. democracy, Europe's seat at the table geopolitically, AI's potential and the importance of the human element and creativity, and more. We ended with Pippa's thoughts on the current culture at universities and her advice to all of us to shift from a “scarcity mindset” to the “possibility of abundance.” We look forward to continuing to follow Pippa's work on SubStack (linked here) and can't thank her enough for sharing her geopolitical wisdom, for stimulating our thinking, and for encouraging all of us to think outside our own boxes. Mike Bradley kicked us off by highlighting this week's FOMC meeting, noting that consensus was placing near zero odds for a rate hike at this meeting but roughly 50% odds of a rate hike at the next FOMC meeting. From a commodities standpoint, he highlighted that Brent and WTI prices surpassed $95/bbl. and $$92/bbl. respectively. He also noted that there was an interesting back and forth last week between the IEA (Financial Times Op-Ed from Fatih Birol linked here) and OPEC (statement linked here) regarding peak oil demand prior to 2030. He ended by highlighting that energy equities have lagged the surge in crude oil price, mostly because equity investors need to see how crude oil price trades when Saudi begins pushing crude barrels back into the market before there can be energy equity multiple expansion. Jeff Tillery shared a few observations of the public energy markets over the past 8-9 months, noting an overall trend towards normalcy in the energy sector. We greatly enjoyed the conversation with Pippa and hope you find it as interesting as we did. Thanks to you all!

For today's COBT, we had the pleasure of hosting Captain John Konrad, Founder and CEO of gCaptain and Author of "Fire on the Horizon." John is a highly experienced US Merchant Marine officer with a diverse background and has worked on container ships, oil tankers, and offshore supply vessels across the world. gCaptain is a leading global maritime and offshore industry news platform offering insights, information, and resources on shipping, offshore drilling, safety, technology, and more. We are struck by how important the relationship is between energy and shipping and John proved to be the perfect expert to help us explore shipping, energy, global trade, geopolitics, technologies, inflation, regulatory impact, and more.   John first shares his journey from an interest in sailing and computers to attending the Naval Academy (and then the Merchant Marine Academy) to becoming a captain, his experiences in the offshore oil industry, and the inspiration behind "Fire on the Horizon." We discuss the gCaptain platform and the importance of raising awareness about the shipping industry and its role in the global economy, key geopolitical challenges in shipping, the importance of ton-miles, shipping efficiency, and the shortage of shipyard capacity globally. John explains shipping's recent impact on inflation, the challenges of using alternative fuels, how the uncertainty of future regulations is impacting construction of new ships today, and how countries are preparing for new routes opening across the Arctic. We also cover the critical "choke points" around the world, the aging workforce in shipping, the need for increased attention from the US government, as well as the space's increasingly numerous and attractive investment opportunities. As you will see, the time flies as we go from one interesting angle to another. Shipping may be one of those industries you just think you understand, until you realize how much you are missing.   To start the show, Mike Bradley highlighted key economic events over the next week and noted that Brent and WTI prices surpassed $92/bbl. and $89/bbl. respectively, due to concerns of a widening global crude oil supply deficit in Q4'23 of 3mmbpd. He pointed out that the last time the global crude oil supply deficit was this wide was Q3'21 and that the US SPR was over 600mm barrels and today it's 350mm barrels, which provides little price manipulation latitude this go around for the Biden Administration. He also noted the last time 12-month crude oil time spreads were this deep in backwardation was June 2022 when WTI price was trading over $110/bbl. He concluded by noting that energy equities have generally lagged behind the current surge in crude oil price mostly because equity investors want to see how crude oil price trades when Saudi eventually begins pushing crude oil barrels back into the market. Arjun Murti mentioned a recent opinion piece predicting peak fossil fuel demand this decade (by Fatih Birol in the Financial Times) and highlighted the math of global energy needs for long-term demand, the need to depoliticize energy discussions, and the importance of a healthy North American oil and gas sector.   We greatly appreciate John's thorough tour of the complex and multifaceted world of shipping. John is not only incredibly knowledgeable, but the experience of talking with him was a reminder that sometimes the best way to understand energy better is to go to an adjacent industry and look back with a different vantage point on all these questions the world has on energy, the environment, and national security. Simply put, the discussion with John was outstanding!   We certainly hope you enjoy. Our best to you all!

Vandaag gaat een van de grootste rechtszaken ter wereld van start. De 'trial of the century', Google tegen de VS. Met als hoofdvraag: heeft Google zijn marktmacht misbruikt om de concurrentie weg te vagen? Is het antwoord 'ja'? Dan zijn de gevolgen voor Google mogelijk niet te overzien. Ook hebben we het over de zenderoorlog van Disney. Kabelmaatschappij Charter wil niet langer geld betalen voor de zenders, terwijl Disney ondertussen vooral geld stopt in z'n streamingtak. Alle zenders stonden op zwart, maar Charter heeft er ondertussen een deal weten uit te slepen. Toch dreigt nu de volgende oorlog voor Disney... Er is een nieuw puzzelstukje in de zaak rond de Phillips-aankoop door Exor. Om stiekem grootaandeelhouder te worden, schakelde Exor de hulp in van zakenbank Goldman Sachs. Goldman geeft na druk toch meer openheid over hoe het in zeer korte tijd tientallen miljoenen aandelen Philips heeft kunnen kopen. Verder gaat het over de Amazon uit de Amazone. En tot slot krijg je een vooruitblik op de beursdag van morgen. See omnystudio.com/listener for privacy information.

Vandaag gaat een van de grootste rechtszaken ter wereld van start. De 'trial of the century', Google tegen de VS. Met als hoofdvraag: heeft Google zijn marktmacht misbruikt om de concurrentie weg te vagen? Is het antwoord 'ja'? Dan zijn de gevolgen voor Google mogelijk niet te overzien. Ook hebben we het over de zenderoorlog van Disney. Kabelmaatschappij Charter wil niet langer geld betalen voor de zenders, terwijl Disney ondertussen vooral geld stopt in z'n streamingtak. Alle zenders stonden op zwart, maar Charter heeft er ondertussen een deal weten uit te slepen. Toch dreigt nu de volgende oorlog voor Disney... Er is een nieuw puzzelstukje in de zaak rond de Phillips-aankoop door Exor. Om stiekem grootaandeelhouder te worden, schakelde Exor de hulp in van zakenbank Goldman Sachs. Goldman geeft na druk toch meer openheid over hoe het in zeer korte tijd tientallen miljoenen aandelen Philips heeft kunnen kopen. Verder gaat het over de Amazon uit de Amazone. En tot slot krijg je een vooruitblik op de beursdag van morgen. See omnystudio.com/listener for privacy information.

This week's guest on Cleaning Up is Chris Gadomski, Lead Nuclear Analyst at BloombergNEF and adjunct assistant professor at NYU's Centre for Global Affairs. Chris joined Michael to discuss the unfolding situation at Zaporizhzhia Nuclear Power Plant, which sits on the frontline of the Russian aggression against Ukraine and whose safety is a matter of mounting international concern.Make sure you like, subscribe, and share Cleaning Up. We're growing fast on LinkedIn, and we'd love for you tell your professional network about us: https://www.linkedin.com/company/cleaning-up-with-michael-liebreich/You can find everything you need to keep up with Cleaning Up here: https://linktr.ee/mlcleaningup Links and Related EpisodesWatch Episode 119 with Aneeqa Khan here: https://www.cleaningup.live/ep-119-dr-aneeqa-khan-fusion-energy-the-materials-challenge/Watch Episode 133 with Fatih Birol here: https://www.cleaningup.live/ep133-fatih-birol-the-worlds-preeminent-energy-economist/#:~:text=Fatih%20has%20been%20in%2Dpost,efficiency%20and%20net%2Dzero%20pathways.Read the International Atomic Energy Agency's (IAEA) July 7th update on the situation at Zaporizhzhia: https://www.iaea.org/newscenter/pressreleases/update-172-iaea-director-general-statement-on-situation-in-ukraineThe IAEA's rolling updates on nuclear safety and security in Ukraine can be found here:https://www.iaea.org/nuclear-safety-and-security-in-ukraineThe New York Times on the evidence that Russia sabotaged Kakhovka Dam: https://www.nytimes.com/interactive/2023/06/16/world/europe/ukraine-kakhovka-dam-collapse.htmlPolitico on Ukraine's warnings of nuclear disaster at Zaporizhzhia: https://www.politico.eu/article/ukraine-warn-disaster-russia-zaporizhzhia-nuclear-power-plant/ Guest BioChris was appointed to lead New Energy Finance's nuclear analysis team in 2008, which provides global analysis on critical topics from within the nuclear industry. Chris spent most of the previous three decades at SMIdirect as a business development and marketing consultant. There he advised a wide range of clients from the Government of Egypt to IBM on strategic planning, business development, corporate communications and policy initiatives. Chris is a faculty member of the Centre for Global Affairs at New York University where he teaches courses on Energy Policy, Energy and the Environment, and the Economics and Finance of Energy. Chris holds a BA from College of the Holy Cross, an MS from NYU's Polytechnic School of Engineering and an MBA from Baruch College. Chris is a member of the United States Energy Association and the American Nuclear Society.

The market for critical minerals used in electric vehicles, solar panels and wind turbines has doubled over the past five years, reaching $320-billion in 2022, and is expected to continue to growth strongly amid record deployments of clean energy technologies such as solar and batteries. The International Energy Agency's (IEA's) inaugural ‘Critical Minerals Market Review' shows that, from 2017 to 2022, the energy sector has been the main factor behind a tripling in overall demand for lithium, as well as the 70% jump in demand for cobalt and the 40% rise in nickel demand. “As a result, energy transition minerals, which used to be a small segment of the market, are now moving to centre stage in the mining and metals industry,” the report states. The market has responded, with investment in critical mineral development rising 30% last year, led by lithium with a 50% jump in investments. Likewise, exploration spending rose by 20% in 2022, again driven by record growth in lithium exploration, particularly in Canada and Australia where year-on-year growth of 40% was recorded. After a surge in 2021 and 2022, the IEA says many critical mineral prices started to moderate in 2023, albeit while remaining above their historical averages. Nevertheless, IEA executive director Fatih Birol warns that far more needs to be done to ensure supply chains for critical minerals, such as lithium, cobalt, nickel and copper as well as platinum, manganese and various rare-earth minerals, are secure and sustainable. There is also a need, the report argues, to diversify the sources of supply away from their current concentration in a handful of countries, with the Democratic Republic of Congo dominating cobalt supply, China holding half of planned lithium chemical plants and Indonesia representing nearly 90% of planned nickel refining facilities. The report also cautions that any project delays and technology-specific shortfalls could undermine both the pace and cost of the transition to those energy technologies needed by 2030 to limit global warming to 1.5 °C. The IEA, which began analysing the role of critical minerals in the energy transition in 2021 and subsequently received a mandate from its member governments to track developments, has also launched an interactive online tool to improve visibility of market dynamics. The IEA Critical Minerals Data Explorer currently provides users with access to the agency's demand projections under various scenarios and technology trends and supply-side information will be added in future updates. The IEA is also preparing to host an international critical minerals summit in Paris, France, on September 28.

This week's guest is Fatih Birol, Executive Director of the International Energy Agency and one of the world's foremost energy economists. Fatih has been in-post since 2015, and is a returning guest to Cleaning Up, having appeared on Episode 28, all the way back in January 2021. Under Fatih's leadership, the IEA has expanded its mandate to become a leading voice on clean energy technologies, energy efficiency and net-zero pathways.Few people have as clear a view on the entire energy sector as Fatih, so Michael headed to Paris and IEA HQ to hear insights on surging EV sales, the urgent need for grid modernization and expansion, and a reality-check on hydrogen's role on the path to net-zero. Make sure you like, subscribe, and share Cleaning Up. We're growing fast on LinkedIn, and we'd love for you tell your professional network about us: https://www.linkedin.com/company/cleaning-up-with-michael-liebreich/You can find everything you need to keep up with Cleaning Up here: https://linktr.ee/mlcleaningup Links and Related EpisodesWatch Fatih's first appearance on Episode 28 of Cleaning Up here: https://www.cleaningup.live/episode-28-dr-fatih-birol/Watch Episode 131 with Tzeporah Berman here: https://www.cleaningup.live/ep131-tzeporah-berman-canadas-controversial-queen-of-green/Read Fatih's latest thought leadership here:“COP28 is a moment of truth for the oil and gas industry's efforts on climate”: https://www.iea.org/commentaries/cop28-is-a-moment-of-truth-for-the-oil-and-gas-industry-s-efforts-on-climate“Where things stand in the global energy crisis one year on”: https://www.iea.org/commentaries/where-things-stand-in-the-global-energy-crisis-one-year-onFatih's official bio is available here: https://www.iea.org/contributors/dr-fatih-birolRead the IEA's flagship 2021 report, Net Zero by 2050: https://www.iea.org/reports/net-zero-by-2050In the news:Time: Exclusive: IEA Head Fatih Birol Wants The Fossil Fuel Industry To Set Climate Targets: https://time.com/6284159/iea-fatih-birol-oil-gas-emission-targets/Euractiv: IEA chief calls for ‘serious self-criticism' among EU's nuclear opponents: https://www.euractiv.com/section/energy-environment/news/iea-chief-calls-for-serious-self-criticism-among-eus-nuclear-opponents/ Guest BioDr Fatih Birol has served as Executive Director of the IEA since 2015, taking up his current position after rising through the ranks of the IEA over two decades, from junior analyst to Chief Economist. He has been named in TIME's annual list of the world's 100 most influential people and by Forbes as one of the most influential people in the world of energy. He chairs the World Economic Forum's (Davos) Energy Advisory Board. As Chief Economist at the IEA, he oversaw the World Energy Outlook series, the authoritative source for energy analysis and projections and flagship publication of the IEA. Fatih holds a BSc in Power Engineering from the Technical University of Istanbul, and an MSc and Ph.D. in Energy Economics from the Technical University of Vienna. Fatih is the recipient of numerous state decorations, including the French Legion of Honour and the Japanese Emperor's Order of the Rising Sun. 

The head of the International Energy Agency, Dr Fatih Birol, tells Sean he can't rule out governments having to help customers pay expensive energy bills again this winter.

2022 was a landmark year for the energy transition. The world added a record amount of renewable energy, expanding the global installed capacity by nearly 10%. Electric vehicles also had a record year, reaching 10 million sales worldwide, a stunning 55% increase over the previous year. Yet despite this tremendous progress, the world is still not on track to meet its climate goals, with oil and gas demand predicted to be higher in 2030 than today. Meanwhile, volatility in global energy markets is continuing to drive uncertainty over the future of the energy transition. Imbalances between supply and demand drove energy prices to dizzying heights last year, and 75 million people around the world lost access to electricity as a result. What will it take to bring clean energy deployment in line with climate goals? What does the energy transition mean for the future of fossil fuels? And how can world leaders protect energy reliability in the transition to net zero? This week host Jason Bordoff talks with Fatih Birol.  Fatih is the executive director of the International Energy Agency, the intergovernmental organization tasked with providing data and policy analysis regarding the global energy sector. He spent more than 20 years at the IEA prior to becoming executive director. Most recently, he served as chief economist, in charge of the organization's flagship publication, the World Energy Outlook. Before joining the IEA, Fatih worked for OPEC, the Organization of Petroleum Exporting Countries. This episode of the Columbia Energy Exchange is a recording of a live, in-person conversation that took place on April 12th during the Columbia Global Energy Summit 2023. 

According to a new report by the International Energy Agency (IEA), global investment in clean energy is on course to rise to $1.7 trillion this year. In fact, investment in solar power is set to exceed oil for the first time ever. But there's still major concern about the unevenness of that growth. The IEA points out that more than 90% of that increase comes from advanced economies and China. Joining Julia to discuss is IEA Executive Director Fatih Birol.  Also on today's show: World Bank President David Malpass, who's stepping down on June 30 after serving more than four years. To learn more about how CNN protects listener privacy, visit cnn.com/privacy

How do you rebuild an international organization for the climate era? That's what the Paris-based International Energy Agency has done over the past decade. Founded in 1974 to secure oil supplies for its members, the IEA has become a leading voice on the need to cut emissions. This week on Zero, Akshat Rathi asks Fatih Birol, executive director of the IEA, when global emissions will peak, if it's possible to get there sooner, and why India's solar revolution is keeping him optimistic.  Want to know more about the IEA story? Pre-order Akshat's book, Climate Capitalism, here. Read a transcript of this episode, here. Zero is a production of Bloomberg Green. Our producer is Oscar Boyd and our senior producer is Christine Driscoll. Special thanks this week to Eric Roston, Kira Bindrim and Will Mathis. Thoughts or suggestions? Email us at zeropod@bloomberg.net. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.See omnystudio.com/listener for privacy information.

Microsoft's announcement this week it plans to lay off 10,000 workers shows that, like others in the tech sector, the company isn't immune from the forces of economic slowdown. Microsoft President/Vice Chair Brad Smith joins Julia in Davos to discuss.  Also on today's show: International Energy Agency Executive Director Dr. Fatih Birol, Hong Kong Stock Exchange (HKEX) CEO Nicolas Aguzin. To learn more about how CNN protects listener privacy, visit cnn.com/privacy

Bob Michele, JPMorgan Asset Management CIO & Global Head of Fixed Income, Currency & Commodities, says we need a recession to cool things down and reset. Simon French, Panmure Gordon & Co Chief Economist, expects stubborn and sticky inflation. Veronica Clark, Citi Economist, says the market is misinterpreting the Fed's commitment to getting rates above 5%. Fatih Birol, IEA Executive Director, says China is the oil market's biggest uncertainty. See omnystudio.com/listener for privacy information.

Pure InspirationWith a background in journalism and media management, Sofija Janosevic is the Human Resources Director at The Energy Year, global business intelligence and networking company producing annual, country-specific reports on more than 30 emerging petroleum and energy markets worldwide.After joining The Energy Year in January 2015, Sofija quickly worked her way up to direct successful projects, developing long-lasting collaborations with key energy authorities and private companies in the UAE, Qatar, Iran, and China. Throughout her tenure in the field, she led The Energy Year's in-country teams to meet and interview more than 500 executives and leading personalities across the oil and gas supply chain in the Middle East and Asia. Sofija has participated in numerous strategic stakeholder meetings with government officials, ministers of energy, and heads of national and international oil companies, including H.E. Bijan Namdar Zangeneh, Minister of Petroleum, Iran; Hatem Nuseibeh, President, Total E&P UAE; and Fatih Birol, Executive Director, IEA; amongst many others.Additionally, she has participated as a speaker at ADIPEC 2019 and Gastech 2021 leading energy conferences on the topic of inclusion and diversity in the energy industry. Most recently she moderated the panel discussion at EGYPS 2022 conferences on the topics of mental health in the workplace and women's economic empowerment, with the participation of officials from the World Bank, United Nations, EBRD, Microsoft, Schlumberger, and Baker Hughes. Also, Sofija has lived in 10 countries since 2008 due to her current job and previous job as a model. She started modelling professionally when she was 19 years old and had a chance to live in Paris, Milan, Hong Kong, and Singapore and work for Chanel, Gucci, Balenciaga, and other fashion brands. In her current role in managing human resources training and personnel development, Sofija continues to advocate for accelerating efforts to promote gender diversity and empower women in the oil and gas industries of emerging markets. BIGGEST TAKEAWAYS FROM THIS EPISODE:Sofija's unique and inspirational life and career storyChallenges and opportunities Sofija experienced living in 10 different countriesCarrier transformation from modeling to the oil and gas industry WORK WITH MECOACHES, CONSULTANTS, ENTREPRENEURS & BUSINESS OWNERS if you are ready to step into your power, do what you love, and make your dream business flourish◉ Book a free call with me:☎ http://bit.ly/StrategySessionWithCatherineDownload LinkedIn Decoded eBook: https://www.lhmacademia.com/Visit https://linktr.ee/catherinebroy for more

Stephen Sackur speaks to Fatih Birol, executive director of the International Energy Agency, and an influential advocate of the global transition from fossil fuels to clean energy. Has that green transition been hampered or hastened by the Ukraine war and Europe's deepening energy crisis?

The European Central Bank raises interest rates by 0.5%, their first hike in more than a decade. And the ECB's job has just been made harder due to political turmoil in one of its largest nations, Italy, as Prime Minister Mario Draghi resigns. Meanwhile, Russian gas is flowing once again to Europe through the Nord Stream pipeline, but at just a fraction of full capacity. The International Energy Agency is warning of an energy crisis for the continent. Agency head Fatih Birol joins the show to discuss.To learn more about how CNN protects listener privacy, visit cnn.com/privacy

The International Energy Agency director, Fatih Birol, has warned that Russia may stop its gas supply to Europe this winter.   He believes that a complete shutdown is not the most likely scenario but Europe needs to work on contingency plans – you know, just in case.   In recent weeks, several European countries have seen less Russian gas than expected. Russian officials said it's not on purpose, just technical issues.

Former Hillary Clinton campaign lawyer, Michael Sussman was found not guilty in the Trump-Russia collusion case after a DC jury ignored direct evidence. It's been a month since Justice Alito's draft on Roe v. Wade was leaked. While few questions have been answered, officials are now requesting personal cell phone information from clerks in an effort to narrow down the culprit. Days after DHS' failed Disinformation Governance Board dissolves, their leader Nina Jankowicz implied that the board could have stopped the Uvalde, Texas school shooting. Finally, chief economist to the International Energy Agency (IEA), Fatih Birol announced that the U.S. summer fuel shortage has the potential to be worse than the 1970s oil crisis with some gas stations prepping for $10 per gallon.Here's your Daily dose of Human Events with @JackPosobiec Save up to 65% on MyPillow products by going to MyPillow.com/POSO and use code POSO To get $500 of free silver on a qualifying purchase go to https://allegiancegold.com/POSO/ with code POSO  

As the World Economic Forum in Davos draws to a close, Business Editor Kate Moody gives us an update on the final day's agenda. The war in Ukraine and global food and energy security dominated discussions throughout the event. The head of the International Energy Agency (IEA), Fatih Birol, has told FRANCE 24 that it will be very difficult for Europe to move away from Russian gas because of its over-reliance on the country's supplies over the years. 

Washington Post columnist Heather Long speaks with Fatih Birol, the executive director of the International Energy Agency, about how Russia's war in Ukraine has impacted energy markets and how the U.S. ban on Russian energy imports has reverberated throughout the global economy.

As America and Britain announced embargoes on Russian energy, our global energy and climate innovation editor Vijay Vaitheeswaran talked to oil and gas industry leaders in Houston where jaws dropped and prices soared. He asks Jose Fernandez, US undersecretary of state for economic growth, and Fatih Birol, head of the International Energy Agency, whether the West can afford to ban Russian oil. As governments scramble to plug the shortfall, we talk to Scott Sheffield, head of Pioneer Natural Resources, and Vicki Hollub, chief executive of Occidental Petroleum, about whether this could be American shale's big moment. And Bob Dudley, former boss of BP who now heads the Oil and Gas Climate Initiative, argues the rush for energy security doesn't necessarily put the energy transition on hold. Sign up for our new weekly newsletter dissecting the big themes in markets, business and the economy at economist.com/moneytalks For full access to print, digital and audio editions, subscribe to The Economist at www.economist.com/podcastoffer See acast.com/privacy for privacy and opt-out information.

As America and Britain announced embargoes on Russian energy, our global energy and climate innovation editor Vijay Vaitheeswaran talked to oil and gas industry leaders in Houston where jaws dropped and prices soared. He asks Jose Fernandez, US undersecretary of state for economic growth, and Fatih Birol, head of the International Energy Agency, whether the West can afford to ban Russian oil. As governments scramble to plug the shortfall, we ask Scott Sheffield, head of Pioneer Natural Resources, and Vicki Hollub, chief executive of Occidental Petroleum, whether this could be American shale's big moment. And Bob Dudley, former boss of BP who now heads the Oil and Gas Climate Initiative, argues how the rush for energy security doesn't necessarily put the energy transition on hold. Sign up for our new weekly newsletter dissecting the big themes in markets, business and the economy at economist.com/moneytalks For full access to print, digital and audio editions, subscribe to The Economist at www.economist.com/podcastoffer See acast.com/privacy for privacy and opt-out information.