for Fatih Birol
The IEAs latest World Energy Outlook predicts renewable energy will outcompete fossil fuels for new power generation—but more aggressive policies are needed to speed the pace of the energy transition.
Despite continued rapid growth in U.S. shale, the global oil market could see price spikes and increased volatility at the beginning of next decade.
“It is easy for consumers to be lulled into complacency by ample stocks and low prices today, but they should heed the writing on the wall."
Where it once saw risks, IEA's latest report takes a perspective of calm complacency about an extended period of low oil prices.