Azara Blog: IEA says the world's poor must stay poor

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Date published: 2005/11/07

The BBC says:

Global greenhouse gas emissions will rise by 52% by 2030, unless the world takes action to reduce energy consumption, a study has warned.

The prediction comes from the latest annual World Energy Outlook report from the International Energy Agency (IEA).

It says that under current consumption trends, energy demand will also rise by more than 50% over the next 25 years.

The IEA adds that oil prices will "substantially" rise unless there is extra investment in oil facilities.

It says the world has seen "years of under-investment" in both oil production and the refinery sector.

The organisation estimates that the global oil industry now needs to invest $20.3 trillion (£12 trillion) in fresh facilities by 2030, or else the wider global economy could suffer.

"These projected trends have important implications and lead to a future that is not sustainable," said IEA chief Claude Mandil.

"We must change these outcomes and get the planet onto a sustainable energy path."

Let's see. The rich people who run the IEA think that the poor of the world should not even think of having their standard of living rise to the level of the average person living in the rich world. Well perhaps someone should inform the IEA bureaucrats that the job of the IEA should be to tell governments of the world what they need to do to achieve the desired much increased energy consumption (including any desired environmental considerations), not sit there and insist the poor must stay poor. Step one, halve the salaries of the top IEA bureaucrats, hence reducing their "unsustainable" energy consumption.

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