Tag Results for IEA (11)

  1. World Bank Sharply More Pessimistic on Economic and Energy Outlook

    The World Bank has issued a report this week that takes a much darker view of the future than that in a recent report from the International Energy Agency, which indicated that strong economic growth would soon resume, driving oil prices back higher as wellâ''along, possibly, with prices in general. The World Bankâ''s Global Economic Prospects report, to the contrary, concludes that the global commodity boom of the last five years is over, period. That means for at least the next year or two, sharp declines in world trade and little or no growth in production, and …

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  2. Dire Predictions in Latest Top Energy Agency Report

    Last week I reported on a pre-released summary of the International Energy Agencyâ''s major annual report, in which the IEA predicted much higher long-term oil prices. That report has now been released in full, and $200 oil is not the only bad news. The World Energy Outlook says that if the worldâ''s energy business continues as usual, there will be â''shockingâ'' implications for our climate: basically, it will be all but impossible to keep carbon dioxide concentrations in the atmosphere below 450 parts per million (roughly double pre-industrial levels) and limit this centuryâ''s temperature increase to 2 more …

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  3. IEA Energy Prognosis Confirms Stern Climate Review

    The International Energy Agency, the Paris organization that reports to the advanced industrial countries, has just issued the latest of its biennial Energy Technology Perspectives, saying the world's present course is not sustainable. If current trends continues, we'll be consuming 70 percent more oil and generating 130 percent greater carbon dioxide emissions in 2050 than we are now. To get emissions back to present-day levels or lower by 2050 will require a necessary but achievable revolution in global energy technology, IEA director Nobuo Tanaka said last week.

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