Fatih Birol
Fatih Birol
Fatih Birolis a Turkish economist and energy expert, who has been the Executive Director of the International Energy Agencysince 1 September 2015. He previously served as the Chief Economist and Director of Global Energy Economics at the IEA in Paris...
economic global growth higher oil sufficient timely
If investments do not come in a timely and sufficient manner, there will be higher oil prices, and global economic growth will suffer.
canada china co2 emissions equal expect growth korea united zealand
We expect CO2 emissions growth in China between now and 2030 will equal the growth of the United States, Canada, all of Europe, Japan, Australia, New Zealand and Korea combined,
country determined government poor rather respect turkey
Turkey is a very poor country in respect to power. This has made the country very vulnerable... I think this government is rather determined to go ahead.
call countries europe happened leaving nuclear russia thinking ukraine
What happened between Russia and the Ukraine will be an important wakeup call for Europe and countries that were thinking of leaving nuclear aside.
security supply
We think security of supply will be a big problem.
gasoline general supply throughout united worried
We are worried about supply in general throughout the world and particularly of gasoline and particularly in the United States.
countries energy higher increase
If these countries do not increase their investments substantially, we will end up with difficulties on the energy markets. We may end up with much higher prices.
change climate security supply worried
Security of supply and climate change are what we are worried about. We think security of supply will be a big problem.
average economic growth hits oil percent price slash
If this year's average oil price hits $50, then this will slash 0.8 percent of the world economic growth.
business fuel world
Energy is significantly underpriced in many parts of the world, leading to wasteful consumption, price volatility and fuel smuggling. It's also undermining the competitiveness of renewables.
business healthy suffering
Energy markets can be thought of as suffering from appendicitis due to fossil fuel subsidies. They need to be removed for a healthy energy economy.
fuel subsidies fossils
Just 8% of the $409bn spent on fossil-fuel subsidies in 2010 went to the poorest 20% of the population.
needs definitions accepted
We need a universally accepted definition of reserves reporting.
simple iraq chinese
If production does not increase in Iraq in an exponential way between now and 2015, we have a very big problem, even if Saudi Arabia meets its obligations. The figures are very simple, you do not need to be an expert. It is enough to know how to do a subtraction. China will grow very quickly, India also, and even Saudi Arabia projections of the 3 Mb/day will not be enough to meet the rise of Chinese demand.