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
HERMON — The Ellsworth boys’ basketball team clinched the No. 2 seed in the Class B North tournament with a 44-29 win over Hermon in Saturday’s game at Hermon High School.Despite the absence of center Isaac Varney, who will miss the remainder of the season with a foot injury, Hermon (11-5) took an 11-4 lead over Ellsworth in the first quarter. The Eagles would bounce back, though, ending the half on a 15-2 run to take a 19-13 advantage into the break.After Ellsworth (14-3) stretched its lead to 32-16 early in the third quarter, Hermon went on a 7-0 run to cut the deficit to nine entering the fourth. Yet the Eagles came through on defense in the final eight minutes and even got a dunk from Jackson Curtis with 58 seconds to play to close out a big road win.Austin Harris had a game-high 14 points for Ellsworth along with three rebounds, three assists and two steals. Jackson Curtis (13 points, nine rebounds and four assists), Hunter Curtis (eight points and three rebounds), Connor Crawford (five points, one assist and one steal) and Darby Barry (four points, three rebounds and four assists) also contributed for the Eagles.This is placeholder textThis is placeholder textEllsworth is set to close out the regular season Thursday, Feb. 6, as it takes on Mount Desert Island at 7 p.m. in Bar Harbor. The Eagles will then get seven days of rest before taking on the No. 7 or No. 10 seed in the Northern Maine quarterfinals at 8:30 p.m. next Friday, Feb. 14, at the Cross Insurance Center in Bangor.