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    HomeTechnologyGreenTechThe Battle Over "Peak Oil" — IEA Vs OPEC

    The Battle Over “Peak Oil” — IEA Vs OPEC

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    Last week, Fatih Birol, head of the IEA (International Energy Agency), had positive things to say how the uptick in renewable energy resources — mostly from the addition of new solar capacity — has made him feel a little more hopeful about taming the challenge of an overheating planet before it dooms the human race.

    “Despite the scale of the challenges, I feel more optimistic than I felt two years ago. Solar photovoltaic installations and electric vehicle sales are perfectly in line with what we said they should be, to be on track to reach net zero by 2050, and thus stay within 1.5ºC. Clean energy investments in the last two years have seen a staggering 40% increase.”

    IEA On Peak Oil

    Prior to that, Birol wrote an op-ed for the Financial Times in which he said, “Despite recurring…

    Read the full article originally published at cleantechnica.com.

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