Japan, which pledged this year to scrap nuclear power by 2040, needs to keep atomic fuel in its electricity mix to offset rising energy costs and a possible military conflict in Iran, according to the former executive director of the International Energy Agency.
Increased public fear about nuclear energy following an accident at a Japanese reactor could make cutting carbon emissions more expensive, according to International Energy Agency Executive Director Nobuo Tanaka .
The International Energy Agency is confident that Saudi Arabia will continue to boost its crude production in the wake of the agency’s decision to release oil stockpiles, IEA Executive Director Nobuo Tanaka said.
The International Energy Agency invited Russia together with OPEC to join its effort to “broker a peace” between buyers and sellers of crude oil amid rising prices, the Observer reported, citing the agency’s chief.
The International Energy Agency won’t ask its members to tap their emergency oil stockpiles again because supplies have risen over the summer, the new head of the energy adviser to 28 industrialized nations said.