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IEA World Energy Outlook Special Report: Redrawing the Energy-Climate Map

Past Event

June 20, 2013

5:30 am - 7:00 am

Please join the Center on Global Energy Policy for a presentation by Dr. Fatih Birol, Chief Economist at the International Energy Agency, of the World Energy Outlook (WEO) Special Report “Redrawing the Energy-Climate Map.” As part of the IEA’s WEO 2013 series, this special report focuses on the role of the energy sector in addressing climate change and the potential impacts of climate change on the energy sector. Dr. Birol will present the report’s key findings after which David Sandalow, Center Fellow and former Undersecretary of Energy (Acting) and Assistant Secretary for Policy and International Affairs at the US Department of Energy, and Fred Krupp, President of the Environmental Defense Fund, will offer reactions as to what the findings mean for the future of global energy-, climate-, and economic-policy. A question and answer session will follow the prepared remarks, moderated by Center Director Jason Bordoff. Registration is required. This event is open to the press.

For additional information please contact: Jesse McCormick ([email protected]) and Pawel Olejarnik ([email protected])

Press contact: Leslie Patterson, 646-200-5326, [email protected]

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World Energy Outlook Special Report

Governments have decided collectively that the world needs to limit the average global temperature increase to no more than 2oC and international negotiations are engaged to that end. Yet any resulting agreement will not emerge before 2015 and new legal obligations will not begin before 2020. Meanwhile, despite many countries taking new actions, the world is drifting further and further from the track it needs to follow.

The energy sector is the single largest source of climate-changing greenhouse-gas emissions and limiting these is an essential focus of action. The World Energy Outlook has published detailed analysis of the energy contribution to climate change for many years. But, amid major international economic preoccupations, there are worrying signs that the issue of climate change has slipped down the policy agenda. This Special Report seeks to bring it right back on top by showing that the dilemma can be tackled at no net economic cost.

The report:

  • Maps out the current status and expectations of global climate and energy policy – what is happening and what (more) is needed?
  • Sets out four specific measures for the energy sector that can be quickly and effectively implemented, at no net economic cost, to help keep the 2oC target alive while international negotiations continue.
  • Indicates elements of action to achieve further reductions, after 2020.
  • Demonstrates that the energy sector, in its own interest, needs to address now the risks implicit in climate change – whether they be the physical impacts of climate change or the consequences of more drastic action later by governments as the need to curb emissions becomes imperative.

The special report will be published on June 10, 2013. For more information, please visit: http://www.worldenergyoutlook.org/energyclimatemap

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America’s Toothless Sanctions on Russian Oil

Last month, the Trump administration imposed fresh sanctions on Russia’s two largest oil companies, Rosneft and Lukoil, signaling a renewed desire to drive Moscow to the negotiating table in its war against Ukraine. But although these measures have the potential to harm the Russian economy, just how much damage they inflict will depend largely on one actor: Beijing. China bought almost half the oil Russia exported in 2024, evading Washington’s existing restrictions in the process. And new sanctions alone will do little to push China into significantly reducing its purchases.

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