Commentary: IEEFA Versus the IEA FacebookTwitterLinkedInEmailPrint分享Independent Australia:The same claims of bad forecasts are also occasionally made about the Institute for Energy Institute for Energy Economics and Financial Analysis (IEEFA) — an independent group of highly experienced analysts, who argue that the coal industry is in structural decline. One way of resolving this tension is to assume that the truth lies somewhere in the middle. But, of course, a far better way is to check their past predictions against observed reality and, by this measure, IEEFA is consistently very close and the IEA is somewhere out in the outer rings of Saturn.In a world that has come to depend so strongly on energy, bad forecasts carry disastrous consequences for financial markets, international relations, war and peace, employment, social planning and, of course, climate change.Which begs the question: why is the IEA so far off the mark? The answer might lie in their Coal Industry Advisory Board (CIAB), which was set up by the IEA to inform the agency about the future of the coal industry. However, rather than being made up of experts, like analysts, economists and futurists, the Coal Industry Advisory Board is made up exclusively of CEOs and very senior managers for companies that trade in coal, sometimes exclusively.The Australian coal industry has four representatives on the advisory board, of whom Greg Everett, the CEO of Sunset Power, who owns the Vales Point Power Station at Lake Macquarie, is one. Vales Point spits out about as much carbon as Jamaica.Peter Freyberg is the Head of Coal Assets at Glencore, which is the biggest thermal coal mining company in Australia. Glencore has been accused of violating Indigenous rights and poisoning rivers at the McArthur River Mine in the Northern Territory. Glencore also happens to be very good at avoiding corporate tax.James Palmer is the “Asset President, Coal” at BHP Billiton. Although BHP was the largest coal producer in Australia, BHP’s strategy is to get out of coal, making Palmer’s job very hard.The last representative is Jeyakumar Janakaraj, the CEO of an outfit you may have heard of — Adani. Adani, of course, wants to build a massive toxic coal mine in Queensland and ship it through the Great Barrier Reef, with a free water licensce in drought-stricken Queensland. Which begs the question: why does the guy who runs the company get to help write the most authoritative report in the world on the future of the coal industry? Nice work if you can get it.In defiance of the laws of thermodynamics, the information system driving decision-making around energy looks like a closed system, where the coal industry tells the IEA what it thinks demand for coal will look like in decades to come, the IEA tells decision-makers that coal will be around for decades, and the companies get to claim that the IEA supports their arguments. A generous way to look at it would be to assume that the industry’s subconscious biases are seeping into the World Energy Outlook. A more sinister view is that the industry is running a self-protection racket.You would think that Department Secretaries, the Planning and Assessment Commission and the Queensland Land Court would research who writes these reports and work out whether their claims stack up. Unfortunately, given our tendency to wrongly attach weight to opinions coming from perceived authorities, communities challenging coal, oil and gas projects have to argue why their claims are more justifiable than the World Energy Outlook.The reality is that, as IEEFA has repeatedly pointed out, coal is on the way out. The technology to power 100 per cent of the entire world with the power of the sun, the wind and the waves, is plummeting in cost and already exists today. What this means for coal-affected communities is that we deserve to be told the truth and to very quickly create a vision for the future of our communities. For financial institutions and companies related to fossil fuel companies, they need to develop a strategy to reduce their exposure to fossil fuels, starting immediately. Decision-makers need to take the WEO reports with a degree of caution. Governments at all levels need to significantly increase their ambition and action to get to a 1.5oC world. Citizens like us need to do what we do best and ramp up our efforts to force decision-makers to speed up the transition.Last year, dozens of companies and governments moved away from coal because of people-powered movements and campaigns. It is far from enough, but we are getting bigger and better at winning. It’s time to get vested interests out of energy analysis. Those who stand in the way of progress have been warned.More: The IEA’s World Energy Outlook and its coal bias
RelatedPosts EPL: Foxes attack Burnley EPL: Vardy primed for another prolific season after brace at West Brom EPL: Underdogs tackle Leicester City Leicester manager Brendan Rodgers was full of praise for match-winner Kelechi Iheanacho after his goal booked their place in the FA Cup fifth round. The Foxes kept their hopes of a cup double alive as the Nigerian scored the only goal of the game in the fourth minute at Brentford. Leicester were missing top goalscorer Jamie Vardy at Griffin Park due to a glute injury suffered in Wednesday’s win over West Ham, but Iheanacho filled the void impressively and scored his seventh goal of the season. Rodgers said: “For Kels, he is getting better and better. He is so efficient now in his game. He is working so hard. He creates goals, he scores goals and I am delighted for him.” Rodgers said Vardy was “responding well to the treatment”, but the manager was still unsure whether the striker would be fit for Tuesday’s Carabao Cup semi-final second leg against Aston Villa, where a win will send his side to Wembley. Rodgers added: “He was really sore after the (West Ham) game, but that has eased up after the last day or so. We will find out (if he can play on Tuesday) tomorrow when we are in.” With Leicester on course to quality for the Champions League, alongside their cup exploits, they are on course for a memorable campaign, but Rodgers warned there was still plenty of hard work ahead. The Northern Irishman said: “Every club has priorities but, for us, what we’ve hopefully shown is we want to do as well as we possibly can in every competition we’re in. “We have the semi-final on Tuesday. We are into the fifth round of the FA Cup and in a really healthy position in the league, but we know we have a lot of work to do. “The assessment is at the end of the season. Let’s see where we finish, but up until that point we have to fight and run and do the very best we can.” The Leicester manager also confirmed defender Filip Benkovic was set to leave the club on loan this month, but only if the Foxes can secure the services of a centre-back. Brentford head coach Thomas Frank was proud of his young team, which included six players aged 20 or below. The Bees, who made nine chances, will host Championship rivals Nottingham Forest on Tuesday in a crucial match in the battle for promotion. “Of course the Tuesday game is more important, but we wanted to win both games,” Frank said. “A lot of players did well. It is difficult to praise some in front of others because more of less everybody played to a seven or eight out of 10.”— Tags: BrentfordFA CupJamie VardyKelechi IheanachoLeicester City
In Slovenian town Ravne na Koroškem in sports hall ”Franjo Golob”, Fifth Judo Cup ”Guštanj” has been held, and 320 participants from France, Austria, Slovenia and BiH participated.BiH judokas won 7 medals, Marijo Jozeljić, Jure Zovko, Jozo Zovko and Antonija Jozeljić won gold medals, Filip Ivanković silver and Darijan Faletar bronze medalAntonija Jozeljić participated in older category and won bronze medal.