Energy ministers, oil executives and green investors gathered this week to mark a half-century since the formation of the International Energy Agency and to assess its new role as the world's shepherd toward a green future from a fossil fuel past. Top OPEC+ oil producers, international oil company executives and some analysts have, however, questioned the IEA's recent policy recommendations and its interpretation of the oil market data it collects from its 31 member nations. That was triggered by a controversial 2021 IEA report in which the agency said there should be no investment in new oil, gas and coal projects if the world was serious about meeting climate targets.
Energy ministers, oil executives and green investors gathered this week to mark a half-century since the formation of the International Energy Agency and to assess its new role as the world's shepherd toward a green future from a fossil fuel past. Top OPEC+ oil producers, international oil company executives and some analysts have, however, questioned the IEA's recent policy recommendations and its interpretation of the oil market data it collects from its 31 member nations. That was triggered by a controversial 2021 IEA report in which the agency said there should be no investment in new oil, gas and coal projects if the world was serious about meeting climate targets.
By America Hernandez and Noah Browning PARIS (Reuters) - Energy ministers, oil executives and green investors gathered this week to mark a half-century .
A re-elected Donald Trump won't stop renewable energy deployment, but could reverse anti-coal diplomacy efforts, U.S. Special Presidential Envoy for Climate John Kerry said on Tuesday at the International Energy Agency ministerial gathering. "Even when President Trump was there for those 4 years, 75% of our new electricity came from renewables because we had portfolio laws in the 37 states that required the deployment of renewables . so whatever happens, that's not going to change the direction we're moving in," Kerry said. The U.S. is the IEA's biggest financial contributor among the 31 member countries.