IEA “experts” not particularly expert
The SafeEnergy.org blog once again pulls off another lovely piece of critical analysis. If you dont have time to read the whole thing (which is only a couple pages long, i will summarize my key take away points:
1) The extremely highly paid energy experts at the IEA (International Energy Agency) which is part of the OECD are responsible for many things – but especially for forecasting future energy demand and supply. Looking back at their forecasts for wind and solar from a decade ago, we find that they horrifically under estimated these trends. By a factor of 5. Greenpeace however, writing at about the same time, got it almost exactly right.
2) Nuclear promoters complain about renewable subsidies and tax breaks. But the very short tax breaks given wind and solar inspire little investor confidence, while nuclear has guaranteed tax breaks for 25 years. Demonstrating once again their hypocrisy.
But read the article, and subscribe to safeenergy.org = and excellent source.
The International Energy Agency (IEA) is composed of 29 countries, which are required to be members of the Organization for Economic Cooperation and Development. The agency was founded in response to the oil crisis of 1973-74 “to help countries co-ordinate a collective response to major disruptions in oil supply through the release of emergency oil stocks to the markets,” but has since expanded its mission “to ensure reliable, affordable and clean energy for its 29 member countries and beyond.”
The IEA publishes the annual World Energy Outlook and purports to be the world’s most expert and influential organization on energy issues, or, as the IEA itself puts it, “It is at the heart of global dialogue on energy, providing authoritative statistics, analysis and recommendations.”
In short, you’d think they know what they’re talking about.
Two items this week indicate they don’t.
The first is an article posted yesterday by Doug…
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