New energy markets can improve geopolitical stability and promote a more prosperous world, says IEA head

  • Date: 11-Nov-2020
  • Source: Business Live ME
  • Sector:Oil & Gas
  • Country:Middle East
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New energy markets can improve geopolitical stability and promote a more prosperous world, says IEA head

New energy markets can improve geopolitical stability and promote a more prosperous world, says IEA head

(WAM) — New energy markets are a positive development that can improve geopolitical stability and promote a more prosperous world, according to a leading world oil expert.

”We are seeing investment and momentum in clean energy technologies. The one that is critical for me is carbon capture, utilisation and storage, CCUS, which provides a very good bridge between energy realities and climate imperatives. This year alone, investments have reached about US$40 billion,” said Fathi Birol, Executive Director of Paris-based International Energy Agency, IEA, at panel discussion on the second day of the ADIPEC 2020 virtual conference.

”I watched the transformation of the global energy map and how new supply and demand patterns affect statecraft and calls for