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FT.com / Home UK / UK - Transcript: Interview with IEA chief economist

EC: You've talked quite a lot about what you need to see from Opec. What about from the consuming countries, from the OECD, India and China, what do they need to do, on those two fronts, both on energy security, and climate change?

FB: The good thing is that there are some policies which are good for both energy security and climate change at the same time, and make economic sense. So, these policies, we have three major policy pillars. The first one is to improve energy efficiency. This is very important and in most cases, very cost effective.

...there is a lot of efficiency improvement possibility there, in China, India and the OECD countries, which would make sense, in terms of cost effectiveness, in terms of energy security, and therefore, by using less energy, for the climate change. This is the first area, efficiency.

The second is making more use of renewables definitely makes economic sense, especially wind and hydro power, and the third and most important one is the nuclear power, in the countries where there is no public opposition, when the government is determined, and when the public is in agreement, we see nuclear power being a major contributor to both energy security and climate change issues

Today, every second square metre building built in the world is in China, one square metre, the rest of the world, one square metre in China, and what kind of insulation they use is very poor, and if we don't have standards in those countries, we will have serious problems for the next 50 to 60 years. So, both for China and India, as well as the OECD countries, we need to act and we should not only put a lot of targets, goals, meetings and so on, but nothing is happening. We want more action, instead of more targets and more meetings and more talks.


"Dieu se rit des hommes qui se plaignent des conséquences alors qu'ils en chérissent les causes" Jacques-Bénigne Bossuet
by Melanchthon on Sat Nov 10th, 2007 at 08:17:07 AM EST

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