Underestimating Renewables

The International Energy Agency, or IEA for short, is an autonomous intergovernmental organization based in Paris. They were established in the 1970’s after the OPEC embargo sent oil prices to new highs. Their main job is to guess the future when it comes to energy production. They do this in their annual World Energy Outlook or WEO.

I’ve tended to trust their predictions, since they seem to have a lot of expertise and don’t seem to have a strong axe to grind. They believe global warming is a...