Monday, February 25, 2013

International Energy Agency's Fatih Birol on fossil fuel subsidies.

IEA Chief Economist Fatih Birol's strong messages at EWEA2013:

"Global fossil-fuel subsidies, which jumped to $523 billion in 2011, are providing an incentive to emit CO2 that is equivalent to $110 per ton"

"However, ladies and gentlemen, I believe the major barrier of the better prospects of wind is not the lack of predictability of the available wind, but the lack of the predictability of government policies, in terms of investment frameworks; My message to the governments here, including own governments: if the government policies about wind energy would be as predictable as the availability of wind, then we would win this game".

Moreover, Birol said: "Last week, according to our numbers, wind became the third largest source of electricity in China, surpassing nuclear".

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