BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
COOKIE NOTICE

Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

IF you are a Platts Market Center subscriber, to reset your password go to the�Platts Market Center to reset your password.

In this list
Electric Power

IEA chief defends record of forecasting renewable energy growth

Electric Power | Natural Gas | Oil | Petrochemicals

Market Movers Europe, Dec 10-14: Energy market braces for Brexit vote

Electric Power

Platts M2MS-Power

Commodities | Electric Power | Electric Power Risk | Renewables | Natural Gas | LNG | Natural Gas (North American) | Refined Products | Fuel Oil | International Public Finance

Caribbean Energy Conference

Electric Power | Renewables

Dhamma Energy sells 130-MW Mexican solar farm to Engie

IEA chief defends record of forecasting renewable energy growth

* Birol says 95% of projections were 'completely right'
* IEA happy to make changes depending on policy positions

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

The head of the International Energy Agency on Tuesday defended the organization's success in forecasting the growth in renewable energies, having been accused of underestimating the sector's rapid development and its impact on the global energy mix.

IEA Executive Director Fatih Birol, speaking in London at the launch of the agency's latest World Energy Outlook, also said the IEA always stands ready to amend its forecasts in the light of government policy changes on renewable energy.

Among those critical of the IEA's record on renewables forecasting is the UK-based financial think-tank Carbon Tracker Initiative.



In October, it said that the IEA had been "hugely conservative" in the past in its assessment of renewable energy growth.

It said that the speed and scale of advancements in the competitiveness of renewable energy technologies were exceeding expectations.

Birol said the IEA had been extremely accurate in its previous forecasts on renewables.

"95% of our projections on renewables were completely right -- for hydro and wind," Birol said.

He said it was only in solar power -- which accounts for just 0.1% of the global energy mix -- where the forecasts differed.

"In our scenarios we look at the support of governments. If the support of governments increases, then we increase the projections," he said.

Birol said that the IEA's forecasts for solar power were accurate under one of its long-term assumption scenarios.

"We make projections based on current policies. When policy changes, our numbers change," he said.

Birol added that if the policy environment shifts again before publication of its next World Energy Outlook, the numbers would have to revised again.

"We are happy to revise our projections [for renewables] upward if there is a policy signal," Birol said, pointing to the possibility of a global accord on climate change emerging from the COP21 talks in Paris next month.

--Stuart Elliott, stuart.elliott@platts.com
--Edited by Alisdair Bowles, alisdair.bowles@platts.com