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

Volker Roeben

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

Volker Roeben

Research output: Contribution to specialist publication › Article

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 language	English
Specialist publication	The Conversation
Publication status	Published - 21 May 2021

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 7 Affordable and Clean Energy
SDG 13 Climate Action

Keywords

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

Cite this

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UR - https://theconversation.com/iea-report-worlds-leading-energy-adviser-was-founded-to-protect-oil-supplies-now-it-wants-to-ban-new-fossil-fuels-161247

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

Abstract

UN SDGs

Keywords

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Cite this