Ex-oil market chief criticises IEA, seeks cut in energy transition focus

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Ex-oil market chief criticises IEA, seeks cut in energy transition focus - Business Standard

Quick Summary:

As member countries rapidly build renewable energy supplies and seek input on policies for the shift toward a low-carbon economy, the IEA has shifted with them.

The report identifies 23 assumptions made by the agency that led to what it calls a flawed conclusion that global oil output would peak by 2030, and that no new oil and gas investment was needed.

The IEA is under fire from the administration of President Donald Trump for a shift in recent years toward a focus on clean energy policy.