The governing board of the International Energy Agency voted unanimously to reappoint Fatih Birol as executive director for a third term as the Paris-based organisation steps up efforts to accelerate the global clean energy transition.
His reappointment comes at a pivotal moment for the agency amid heightened awareness that clean energy transitions must not only be rapid but also secure, the clean energy watchdog said in a statement on its website on Friday.
“I’m honoured that IEA members have put their trust in me to lead the agency into a new era following what I believe may turn out to be the most consequential ministerial meeting in the IEA’s near 50-year history,” Mr Birol said.
The energy world is changing fast and needs to change faster still
Fatih Birol,
executive director of- the International Energy Agency
“The energy world is changing fast and needs to change faster still. With our new mandates, we are now ready to respond and chart a new course for the IEA, not just for the next two years but for decades to come.”
The agency has been urging countries to increase investments in clean energy and to stop investing in polluting fuels such as coal.
Consumption of oil is set to decline to 75 million barrels per day from 100 million bpd, the agency said. The decline will be made possible if countries continue their efforts to reach net-zero emissions by the middle of the century, in line with the goals of the 2015 Paris Agreement, it added.
The vote to reappoint Mr Birol took place during the 2022 agency ministerial meeting. US Energy Secretary Jennifer Granholm led the two-day meeting that brought together energy and climate ministers from more than 40 countries, the statement said.
“Our decision today for an additional term for Birol as IEA executive director again confirms our confidence in his skills and expertise,” said Ms Granholm.
“We look forward to working with the IEA under his continued leadership as we ramp up efforts to accelerate the clean energy transition on the road to a net-zero future while strengthening our energy security.”
Mr Birol has served as the agency's executive director since September 2015.
Under his leadership, the agency has been instrumental in underpinning a significant increase in global climate ambition and in responding to new vulnerabilities and risks to energy security, the statement said.
Mr Birol also heads the World Economic Forum’s energy advisory board, the agency said.
Last year, Time magazine included him on its annual list of the 100 most influential people in the world. He is also the recipient of numerous state decorations, including the French Legion of Honour, which he was awarded earlier this year, the agency added.
“This sets the organisation up perfectly to deliver on the commitments laid out in the 2022 IEA ministerial communique and plays a key role in accelerating sustainable and secure clean energy transitions,” said Hiroshi Oe, chairman of the agency's governing board.
New mandates in the 2022 ministerial communique will allow the agency to evolve in its mission and impact, including by ensuring energy security during the energy transition, leading the global energy sector’s fight against climate change and strengthening the agency's family of governments, the statement said.
The agency said on Thursday that its members are ready to release more oil into the market “if needed” to tackle soaring prices following Russia’s military offensive in Ukraine.
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
The 12 breakaway clubs
England
Arsenal, Chelsea, Liverpool, Manchester City, Manchester United, Tottenham Hotspur
Italy
AC Milan, Inter Milan, Juventus
Spain
Atletico Madrid, Barcelona, Real Madrid
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Engine: 2-litre or 3-litre 4Motion all-wheel-drive Power: 250Nm (2-litre); 340 (3-litre) Torque: 450Nm Transmission: 8-speed automatic Starting price: From Dh212,000 On sale: Now
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Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
KILLING OF QASSEM SULEIMANI
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FINAL SCORES
Fujairah 130 for 8 in 20 overs
(Sandy Sandeep 29, Hamdan Tahir 26 no, Umair Ali 2-15)
Sharjah 131 for 8 in 19.3 overs
(Kashif Daud 51, Umair Ali 20, Rohan Mustafa 2-17, Sabir Rao 2-26)
57%20Seconds
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England's lowest Test innings
- 45 v Australia in Sydney, January 28, 1887
- 46 v West Indies in Port of Spain, March 25, 1994
- 51 v West Indies in Kingston, February 4, 2009
- 52 v Australia at The Oval, August 14, 1948
- 53 v Australia at Lord's, July 16, 1888
- 58 v New Zealand in Auckland, March 22, 2018
Avatar: Fire and Ash
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How to watch Ireland v Pakistan in UAE
When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.
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EU fishing vessels guaranteed access to UK waters for 12 years
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Youth experience scheme to work, study or volunteer in UK and EU countries
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