The International Energy Agency (IEA) released this report on June 10, 2013. It explains current and future energy and climate policies and the importance of the energy sector's help to meet international targets on greenhouse gas limits.
Each year, governments around the world spend more than half a trillion dollars on fuel subsidies, crowding out productive investment in poverty alleviation and growth. CFR Senior Fellow Isobel Coleman proposes establishing a private-public partnership to help governments build the case for subsidy reform directly with citizens.
Fatih Birol, chief economist at the International Energy Agency, joins Michelle Patron, senior director for energy and climate change at the National Security Council, to discuss the current energy landscape and key findings from the 2014 edition of the World Energy Outlook, which focuses on sub-Saharan Africa.