Day: December 2, 2022
Climate Change Targets in Jeopardy, says IEA
The AAPA met with IEA Executive Director Fatih Birol at the organization’s headquarters (and by Zoom) on November 23 to discuss the current acute energy crisis. Dr Birol said that, in his opinion, because of the invasion of Ukraine, “Russia has lost its EU clients for good.” He also said that without cutting the use of coal, oil and gas, the world will fall well short of its climate targets. But…
OECD Outlook: Bad Times Ahead
“If you think energy prices are bad now, winter will be worse,” Alvaro Pereira, acting Chief Economist for the OECD told us by Zoom on November 21, the day before the Paris-based agency released its annual economic outlook. Pereira said the confluence of the war in Ukraine, Covid supply chain disruptions, and resulting inflation have created the worst energy shock since the 1970s. The crisis…