IEA Executive Director: The global energy crisis explained | Podcast | In Good Company

Deskripsi

Is the world facing the greatest energy security threat in history? Nicolai Tangen sits down with Dr. Fatih Birol, Executive Director of the International Energy Agency (IEA), for a timely and urgent conversation about global energy. They discuss why the Middle East crisis surpasses all previous energy shocks combined, what the release of 400 million barrels of strategic reserves can and cannot achieve, and Europe's three historic energy mistakes, from over-reliance on Russian gas to stepping back from nuclear power. Fatih also shares his conviction that the future of transportation is electric and why cheap electricity will determine who wins the AI race. In Good Company is hosted by Nicolai Tangen, CEO of Norges Bank Investment Management. New episode out every Wednesday. The podcast In Good Company is part of Norges Bank Investment Management, a podcast about our investments. We are transparent about how the fund is invested. In this podcast, you get a deeper insight into the companies the fund is invested in. Our CEO, Nicolai Tangen, has in-depth interviews with the leaders of some of the largest companies in the world. You will get insight into their leadership principles, the company’s strategy and how they are dealing with a large investor like us. You will also learn more about our role as an owner of the companies. You can read more about the podcast on https://www.nbim.no/en/publications/podcast/ 0:00 Intro – Nicolai meets Dr. Fatih Birol, Executive Director of the IEA 0:21 Why this is the biggest energy crisis in history 4:34 How it will pan out: reserves, rationing, and the Strait of Hormuz 9:25 Emergency oil releases and what comes next 11:23 European energy subsidies and the political risk of high prices 14:03 Why returning to Russian gas is not an option 17:11 Best and worst case scenarios for the Middle East 20:28 Long-term structural shifts: nuclear, EVs, renewables, and coal 23:27 The age of electricity: grids, cyber threats, and Europe's competitiveness 37:32 AI and electricity, IEA's fo