Nobuo Tanaka News
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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.
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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 .
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Japan’s failure to resume its atomic plants would be a “disaster” for the country because of its limited alternatives, said Nobuo Tanaka, the International Energy Agency’s former executive director.
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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.
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Saudi Arabia can provide enough oil to cover any decline in production from Libya, said Nobuo Tanaka , executive director of the International Energy Agency.
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The price of carbon dioxide must rise to $175 a metric ton in order to halve global emissions by 2050, the head of the International Energy Agency said.
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Oil prices may increase if OPEC fails to bolster production and inventories decline, the head of the International Energy Agency said.
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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.
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OPEC has assured oil consumers of adequate supply in the event of a disruption caused by the unrest in the Middle East, the executive director of the International Energy Agency said.
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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.
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