For most of its 43-year existence, the International Energy Agency (IEA) has been primarily concerned with the security of fossil-fuel supplies. Now it seems that its core task is helping the world wean itself off fossil fuels.
In a keynote speech at the Eurelectric convention in Estoril, Portugal, last week — which was followed by an exclusive interview with Recharge — the organisation’s chief economist Laszlo Varro was critical about the inertia of the leading oil & gas companies, and highlighted the need for electrification of transport, heating and cooling to the climate effort, as well as the necessity for political action on carbon pricing and fossil-fuel subsidies.
