The Latest Breaking News from IEA

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.

Global consumption of coal reached an all-time high in 2023, the IEA energy watchdog said Friday, as Earth experienced its hottest recorded year.

IEA report says demand is expected to grow in India, China but decline in United States, European Union.

Oil prices glisten and ascend in response to a softer dollar combined with the IEA's performance-enhancing tweak to global demand estimates.

Slowing demand growth and rising US crude production will make it more difficult for OPEC+ to continue to prop up prices, the IEA said on Thursday.

Kern County wants to use billions in federal tax credits to collect and bury carbon. To do so, it would build new facilities to produce more of the most abundant greenhouse gas.

The prospect of halving demand for coal is a goal worth striving for, but governments must stay the course

What’s shocking is that the tools to improve the situation are readily available and affordable, say the heads of the IEA and the African Development Bank.

The demand for ESG and sustainability professionals is booming, but finding talent is difficult. However, working with recruitment agencies specializing in the industry can mitigate these problems.

Access to sufficient cooling could further drive up the already rampant inequality in the country

Despite global efforts toward renewable energy, the tenacity of coal consumption appears to persist. Thus, it seems wise to invest in stalwart coal stocks like SunCoke Energy (SXC), CONSOL Energy (CEIX), and China Shenhua Energy (CSUAY) to harness potential gains this month. Read more….