- OPEC says IEA’s approach contradicts the Paris Agreement and may lead to reduced investment and security of energy supplies.
- OPEC defended technologies like carbon capture utilisation and storage, which the IEA dismissed.
OPEC’s Secretary General, Haitham Al Ghais, has criticised the International Energy Agency (IEA) for unfairly blaming the oil and gas industry for the climate crisis. He said the IEA’s proposed framework could limit the choices of oil and gas-producing developing countries, stating that the IEA’s approach contradicts the Paris Agreement. According to him, this may lead to reduced investment and harm the security of energy supplies.
The OPEC secretary general defended technologies like carbon capture utilisation and storage (CCUS), which the IEA dismissed, emphasising the industry’s commitment to renewables and emissions reduction. Al Ghais said there is a need for a collaborative approach to address emissions, energy security, access, and affordability due to the complexity of energy challenges.
Al Ghais called for a focus on reducing emissions without favouring specific energy sources and stressed the importance of balancing economic growth, social well-being, and emissions reduction. He urged constructive dialogue, collaboration, and inclusive decision-making to address energy transition pathways and consider all perspectives. Furthermore, he stressed the need for energy transitions to align with economic growth and social well-being while reducing emissions.