Highlights: The International Energy Agency wants to expand to succeed in the energy transition. Around thirty Energy and Climate Ministers met in Paris on Tuesday February 13 and Wednesday February 14 at the headquarters of the IEA. The organization was founded in 1974 against the backdrop of the oil crisis aimed at its birth to ensure oil supplies. Today, IEA members accounted for 40% of global energy consumption. Today it’s more than double, 80% » The AIE's strategy is therefore to continue to grow.

The International Energy Agency wants to expand to succeed in the energy transition

Around thirty Energy and Climate Ministers met in Paris on Tuesday February 13 and Wednesday February 14 at the headquarters of the International Energy Agency. The organization founded in 1974 against the backdrop of the oil crisis aimed at its birth to ensure oil supplies. But half a century later, its mission has changed. His new challenge: succeeding in the energy transition. And for this, the IEA, which brings together 31 member states, plans to expand.

Fatih Birol, president of the IEA, in Norway, November 21, 2023. via REUTERS - NTB

By: RFI Follow

This is one of the missions of Fatih Birol, the director of the IEA: to give the keys to member states to guide them towards carbon neutrality by 2050. But according to him, a successful energy transition must bring together all the world. “

In 2015, we opened our doors to emerging countries. IEA members accounted for 40% of global energy consumption. Today it’s more than double, 80%.

The AIE's strategy is therefore to continue to grow. In the coming months, the organization could welcome the fifth world power: “

India wants to become a full member. This is a moment that will change the architecture of the organization. We are working with all associated countries, in Africa, Latin America and Asia to strengthen our ties and support them in their transition to clean energy.

Also read: Fatih Birol, head of the IEA: “Renewable energies must be the priority for Africa”

But moving towards more clean energy also requires investments. And States should not be the only ones to pay, believes the President of the European Commission Ursula Von der Leyen. “

The world must triple its renewable energy capacities by 2030. Massive investments are necessary. We must mobilize the private sector.

The IEA has made its calculations: the alternative to fossil fuels will be expensive, public and private investments amount to 4,500 billion dollars per year by 2030.

The International Energy Agency wants to expand to succeed in the energy transition

The International Energy Agency wants to expand to succeed in the energy transition

You may like

Trends 24h

Latest