The former OPEC official pushing for clean energy

From: POLITICO's The Long Game - Wednesday Sep 28,2022 04:01 pm
Presented by Natural Allies for a Clean Energy Future:
Sep 28, 2022 View in browser
 
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By Sara Schonhardt

Presented by Natural Allies for a Clean Energy Future

VERBATIM

Fatih Birol walks outside.

Fatih Birol is trying to help emerging countries deal with climate change. | Thomas Lohnes/Getty Images

The International Energy Agency has gone from a body formed to ensure the stability of oil supplies in the 1970s to one driving conversations on clean energy access, finance and how to meet climate targets. And the agency’s executive director, Fatih Birol, is leading the charge.

Originally from Turkey, Birol has called clean energy finance in the developing world “the fault line” in the fight against global warming. He's pushed to modernize the IEA by increasing emphasis on emerging economies and green technologies. He’s also been unabashedly forthright in telling leaders what they need to do to combat climate change.

Birol wrote an opinion piece published in the Financial Times earlier this month to debunk what he sees as myths about the current energy crisis and its destabilizing consequences.

He spoke with POLITICO's E&E News on the sidelines of the Global Clean Energy Action Forum in Pittsburgh about opportunities for action at COP 27, where climate finance flows are needed and how he thinks world leaders aren’t doing enough to turn the tide on the climate crisis.

This interview has been edited for length and clarity.

What prompted you to write the piece in the Financial Times?

I saw that in the international energy and climate debate, the upper hand was going in the wrong direction.

Some people were saying that the efforts of Western countries are more or less not productive and Russia is winning the energy battle. Some people were saying clean energy policies are responsible for the energy crisis. And some people were also saying that as a result of the energy crisis, now we will never reach our energy goals.

I thought it was time to correct these misperceptions. All of them are wrong, and some of them are dangerously wrong.

You started your career at OPEC. How did you come around to arguing for the clean energy transition?

I am a number-driven man. And I am an energy person. I believe energy is good, but emissions are bad. So I wanted to make sure that energy reaches the people, they have better lives, they have more comfortable lives, productive lives thanks to energy.

But emissions are causing a huge problem, especially in emerging countries that have less financial resources to weather some of the effects of climate change. So slowly but surely, looking at the numbers, I believe that we can on one hand have a lot of energy [and] at the same time less emissions and less environmental hazards.

A pull quote of Fatih Birol


How do you think other leaders are responding to the current crisis?

Not many people are responding as they should. I think if we had stronger leadership around the world, our fight against climate change would be less difficult. Not easier, but less difficult.

In many meetings, I can tell you that I feel sometimes lonely. But it is important not to think of [whether] you’re elected again, what is your next job. To [speak] without fear or without favor, to tell what you think is a big luxury. And this job gives me that chance.

You also do a lot of work with multilateral development banks. Do you think the World Bank isn’t doing enough?

We have to use every means in order to accelerate the clean energy transition in developing countries. And here, the multilateral development banks in my view have a critical role. And if you ask me whether they have fulfilled their role to accelerate the clean energy transition in developing countries, my answer would be not necessarily.

 

A message from Natural Allies for a Clean Energy Future:

The U.S. is taking aim at reaching ambitious climate targets to aggressively shoot down CO2 emissions and reach a clean energy future. Ready for some good climate news? With the partnership of renewables and natural gas, we’ve already seen major drops in emissions. Reliable and affordable natural gas supports renewables – accelerating the flight into our clean energy future. And that hits the right mark. Learn more at www.naturalalliesforcleanenergy.org.

 

You’ve said that increasing clean energy finance in the developing world is the fault line in the fight against the climate crisis. What do you mean?

I’ll give you one number. For 20 years in a row, every year the number of people without access to electricity was declining. This year, we expect for the first time it is reversing.

As a result of that, we may see some geopolitical fractures between the advanced economies like the U.S., Europe, Japan and the emerging world, which I find very risky. Therefore, it is important that the advanced economies come up with the suggestions, with the instruments to support the clean energy transition.

COP 27 in my view is a very good opportunity to show how genuine they are to support developing countries. This is not only in energy terms, climate terms, but geopolitically it is very important to building trust.

Climate leaders often say the bottlenecks are not a matter of money or technology, it’s really about political will. How do you get around that to achieve some progress?

I think it is also money. And I don’t think the advanced economies are as generous as they should be because they also have a financial, moral and economic responsibility.

Reducing one ton of CO2 in the emerging world costs half of what it costs in rich countries. So from an economic point of view, it makes perfect sense.

We have also a moral responsibility, because when you look at cumulative emissions, the bulk of emissions were put in the atmosphere by the advanced economies.

I think it is also important that we make sure that Africa may get the most here in terms of energy finance, climate finance so that they come to a certain economic development level that they’re not vulnerable and [in need of] the support of other countries.

 

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