London, September 17 (HNA) – International Energy Agency (IEA) Executive Director Fatih Birol stated on Friday that the gas prices could continue to grow for weeks, adding that he would be surprised if the price of crude reached 100 dollars per barrel this year.
IEA Executive Director Fatih Birol spoke today to Energy Ministers from across Southeast Asia about the latest global and regional energy trends, pathways to net-zero emissions and the importance of clean energy investment.
“The IEA remains firmly committed to assisting ASEAN and its member states in developing pathways towards net-zero that respect their capacities and capabilities,” Dr Birol told the Ministers.
“One of the key messages from the IEA’s Roadmap to Net Zero by 2050 Roadmap is that not all countries are starting the race to net-zero from the same place. I have and will continue to underscore the importance of ensuring that a greater share of global clean energy investment is directed towards the emerging and developing economies including in Southeast Asia to unlock new economic growth possibilities and emissions reductions.’’
Futures on natural gas for delivery in October increased by 5.06 percent to 158.380 dollars, while, futures on West Texas Intermediate oil for October delivery shed 0.65 percent to trade at 72.61 dollars per barrel. On the other hand, futures on Brent crude, an international benchmark, for delivery in November fell by 0.50 percent to 75.67 dollars per barrel.
IEA Executive Director Fatih Birol has been named as one of the world’s 100 most influential people by Time in its closely watched annual list, highlighting the growing global impact of the IEA’s work on energy and climate issues under his leadership.
The Time 100 list, announced Wednesday, is now in its 18th year and recognises the impact, innovation and achievement of the most influential individuals across the globe.
“I’m humbled. This is an honour that I share with my dedicated colleagues at the IEA who have worked so tirelessly to help the world better understand how the energy sector can lead the fight against climate change,” said Dr Birol, who has served as Executive Director of the IEA since 2015. “Whatever influence I may have, I want to use it to help countries across the globe accelerate the clean energy transition in an affordable, just and secure way to give the world a fighting chance of limiting global warming to 1.5 °C – possibly the greatest challenge humanity has faced.”
In an article for the Time 100 list about Dr Birol, US Special Presidential Envoy John Kerry wrote: “In a world where facts are assaulted, Fatih Birol combines the best of high-tech data, optimistic know-how and old-school rhetorical finesse. A trusted counsellor to world leaders, he’s an objective authority on what it will take to slash carbon emissions and save our planet.”