IEA report: world’s leading energy adviser was founded to protect oil supplies – now it wants to ban new fossil fuels

Research output: Contribution to specialist publicationArticle

Abstract

Established in the wake of the 1973 oil crisis, the International Energy Agency (IEA) was created to maintain the stability of the international oil supply. As an independent adviser to many governments on energy policy, the IEA has the authority to make member states release reserve oil stocks to stabilise prices. The agency has used that power on three occasions, most recently in response to the disruption to oil production in the US gulf caused by Hurricane Katrina.

Original languageEnglish
Specialist publicationThe Conversation
Publication statusPublished - 21 May 2021

Keywords

  • Fossil fuels
  • Climate change
  • Renewable energy
  • Energy policy
  • International Energy Agency
  • 1.5 degrees
  • Energy transition
  • Oil industry

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