The International Energy Agency has long received criticism for its energy forecasts, which, as is typical with any long-term projections, often miss the mark. But a new report accuses the Paris-based energy agency of helping to lock in fossil fuel energy investments at a time when the IEA itself should be helping governments transition to clean energy. The report , from Oil Change International, says that the IEA’s New Policies Scenario (NPS), “the world’s foremost guide to decisions on energy policies and investments, steers those decisions towards levels of fossil fuel use that would cause severe climate change.” Oil Change International estimates that global greenhouse gas emissions under the NPS would breach the carbon budget needed to keep warming below 1.5 degrees Celsius by 2022. The carbon budget for the 2-degree C scenario would be exhausted by 2034. Put more bluntly, the report says that of the IEA’s recommendation […]

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