To: Wharf Rat who wrote (4334 ) 6/24/2006 11:22:07 AM From: Wharf Rat Read Replies (1) | Respond to of 24237 International Energy Agency says the world is not on course for a sustainable energy Staff, Finfacts The Paris-based International Energy Agency (IEA) says today that the world is not on course for a sustainable energy future. The IEA, the energy watchdog for 26 industrialised countries including Ireland, says that its Energy Technology Perspectives: Scenarios & Strategies to 2050 report, which is published today, is in response to the Group of Eight (G8) leaders at their Gleneagles Summit in July 2005, and to the International Energy Agency's Energy Ministers, who called for the IEA to develop and advise on alternative scenarios and strategies aimed at a clean, clever and competitive energy future. The IEA says that oil prices at historical highs raise concerns about the long-term balance of supply and demand. CO2 emissions have increased by more than 20% over the last decade. Indeed, if the future is in line with present trends as illustrated by the World Energy Outlook 2005 Reference Scenario, CO2 emissions and oil demand will continue to grow rapidly over the next 25 years. This is after taking account of energy efficiency gains and technological progress that can be expected under existing policies. Extending this outlook beyond 2030 shows that these worrisome trends are likely to get worse. “Technologies can make a difference”, said Claude Mandil, Executive Director of the IEA today in Paris, presenting the key findings of the report. “A sustainable energy future is possible, but only if we act urgently and decisively to promote, develop and deploy a full mix of energy technologies - including improved energy efficiency, CO2 capture and storage (CCS), renewables and -- where acceptable -- nuclear energy. We have the means, now we need the will”, Mr. Mandil added. (22 June 2006)finfacts.com