Electric vehicles barely scratch the surface of global energy demand and pious posturing by world elites does little to head off climate catastrophe, the International Energy Agency has warned. Fatih Birol, head of the IEA, said there was a pervasive misunderstanding in opinion circles about the hard realities of keeping the global economy afloat while cutting CO2 emissions at the same time. “We don’t have the luxury of boosting our egos,” he said. Coal dependence in Asia and the developing world can make a mockery of electric vehicles, especially in China where half of all green energy cars are now being built. “If you have to choose between a 1990 diesel and a 2019 electric vehicle, you are better with a 1990 diesel if the energy generation comes from coal,” he told the World Economic Forum in Davos. Electric vehicles would cut just 1pc of total CO2 emissions even if there were 300 million of them on the road under the current structure of world energy production. Westerners are whistling in the wind if they think the rising nations of Asia are going to write off sunk costs and shut down coal plants with an average life of just 11 years. “How can we ask them to pay back so much investment?” he said.
Telegraph 22nd Jan 2019 read more »