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The Latest Breaking News from Fatih Birol

World Will Amass 'Major' Oil Surplus By 2030: IEA

The world is likely to have a major surplus of oil by 2030 as production is ramped up while the clean energy transition tempers demand, the International Energy Agency said Wednesday.

International Business Times

Solar Investment Outstrips All Other Power Forms: IEA

More money is pouring into solar power than all other electricity sources combined, with investments set to reach half a trillion dollars this year, the world's top energy research body said Thursday.

International Business Times

Investment in clean energy likely to be double figure for fossil fuels in 2024, IEA says

Low-carbon electricity investment driven by solar projects but oil and gas spending still too high to meet climate goals

The Guardian - UK

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Why extinguishing Africa's dirty cooking fuel crisis is a global priority

The scourge of dirty cooking fuels in Africa – an invisible killer for half a million women and children each year – stirred up pledges of €2.2 billion in Paris this week as oil and gas companies joined efforts to bring about access to healthy cooking methods by 2030.

Radio France Internationale

Global battery rollout doubled last year – but needs to be six times faster, says IEA

Energy watchdog warns pace must accelerate to hit targets after new batteries increased capacity by 130%

The Guardian - UK

Leaders Tout Nuclear Power As Climate Tool At Brussels Summit

More than 30 countries -- including European nations, the United States, Brazil and China -- took part on Thursday in the first-ever summit held by the United Nations' atomic energy agency to promote nuclear as a "clean and reliable source of energy".

International Business Times

Republican Leaders Launch Probe Into International Energy Agency

Republican leaders in Congress investigate the International Energy Agency for straying from energy security mission and favoring decarbonization policies.

Top News

Renewables grew rapidly in 2023, but must grow faster still to meet climate change target, IEA says

The amount of renewable energy installed around the world last year grew at its fastest rate in the past 25 years

The Independent UK

World’s renewable energy capacity grew at record pace in 2023

IEA report says 50% growth last year keeps hope of achieving Cop28 climate target of tripling clean energy capacity

The Guardian - UK

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International Business Times

'It's Finished!': IEA Boss Says COP28 Bid Farewell To Fossil Fuels

While the UN's COP28 climate summit marked a pivot moment, when the world pledged to say "goodbye" to fossil fuels, International Energy Agency chief Fatih Birol told AFP on Friday, it needs to now urgently boost finance for the energy transition in developing countries.

The Guardian - UK

‘Magical’ tech innovations a distraction from real solutions, climate experts warn

Overemphasis on innovation and carbon removal risks distracting from main goal of stopping use of fossil fuels, say scientists

The Guardian - UK

Why is the phase-out of fossil fuels the biggest flashpoint at Cop28?

The issue dominating the climate talks may appear to be a simple scientific one but is in fact complex and deeply political

The Guardian - UK

Oil and gas firms must convert to renewables or face decline, says IEA chief

Fatih Birol says fossil fuel use will peak in 2030, and urges companies to lead switch to green energy

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International Business Times

OPEC Lashes Out At IEA's Fossil Fuel Warning As International Climate Summit Looms

OPEC's Secretary General loudly defended continued investments in oil and gas on Monday, just days before the beginning of COP28 in Dubai.

The Guardian - UK

‘It’s like buying an iPhone and not having a cable’: UK’s bid for net zero in the balance due to grid ‘blind spot’

As well as more clean energy, Britain (and the world) needs miles of extra cable to carry it. But a global shortage of components and skills means efforts to meet climate targets will go down to the wire

The Guardian - UK

First Thing: Dutch election results put Geert Wilders’ far-right party in lead

European far-right leaders celebrate success of Wilders’ Party for Freedom, which has won 37 seats. Plus, welcome to the world of gossip surveillance

Radio France Internationale

Current fossil fuel use makes UN climate targets 'very difficult' to achieve, says IEA

The International Energy Agency warned Tuesday that energy policies must evolve if global warming is to be limited to 1.5 degrees Celsius, saying fossil fuel use is still "far too high".

The Guardian - UK

Sunak faces further pressure over net zero U-turn after IEA warning

Energy watchdog says countries risks fuelling climate crisis and damaging their economies by rowing back on green policies

The Independent UK

Gaza has oil markets on edge. That could build more urgency to shift to renewables, IEA head says

Oil prices are up and markets are tense after the outbreak of war in Gaza

WEKU

Global shift to clean energy means fossil fuel demand will peak soon, IEA says

Fossil fuel demand will peak and renewable energy will grow rapidly in coming years, according to an International Energy Agency report.

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