USOI - IEA's Contradictions Should Awaken 'COP26' To Reconsider Carbon Net Zero

• It is important to regulate coal and gas markets and to benefit from the experience of “OPEC +”, which aim to ensure the stability and sustainability of its markets.
• No country is willing to risk its economies and societies to satisfy IEA’s unrealistic carbon net zero by 2050.
• IEA claimed that the carbon net zero will reduce oil prices to $36 in 2030 but neglected that oil prices will soar amid oil upstream massive underinvestment.
• The contradiction in IEA's WEO2021 is evident in the decline in investments in renewable energy and that the carbon neutrality policy will reduce oil prices to $36 in 2030.
• IEA has downplayed the fact that the industrialized countries can no longer support renewable energy projects as they have promised and are reconsidering their promises and expectations after the enormous losses experienced by the pandemic.

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