Ambassador Richard Jones, Deputy Executive Director of the International Energy Agency, joined the Council last week to present the IEA’s World Energy Outlook 2009. Released earlier this month, the report examines two scenarios: the Reference Scenario and the 450 Scenario. The first tracks changes in world energy supply and demand if government policies do not change, while the second shows what would happen were governments to dramatically alter their carbon emissions so that the level of carbon in the atmosphere is 450 parts per million (ppm). Ambassador Jones acknowledged the difficulty and cost of making the 450 scenario a reality, but said that we must aim for it nonetheless. Energy efficiency, using less energy to do the same amount of work, will be key and, he believes, a price is going to have to be put on carbon. He ended the presentation with positive news. Although China, Russia, and India are not members of the OECD or the IEA, they have been working with the International Energy Agency for the last few years to bring their policies and practices closer to those of its member states.
To listen to the entire presentation, visit our online audio archive.