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The Latest Breaking News from IEA

Economic ‘headwinds’ lead IEA to cut global oil demand forecast

International Energy Agency still expects a record high this year, but for growth to be lower than thought

The Guardian - UK

We can’t defeat climate change by investing in a handful of countries. The world needs to come together at COP28–and fund a just energy transition

Investors are too focused on a handful of large economies, warn the UAE's climate envoy and the executive director of the IEA.

Fortune

‘Share the Parthenon marbles’, mayor Sadiq Khan tells the British Museum

‘There’s a discussion to share some of this stuff’ Khan told a Greek newspaper

Evening Standard

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Carbon 'capture' tech is booming, and confusing

PARIs: Humanity's failure to draw down planet-heating carbon dioxide emissions — 41 billion tonnes in 2022 — has thrust once-marginal options for capping or reducing CO2 in the atmosphere to centre stage in climate policy and investment.

Bangkok Post

Republican attacks on ESG aren't stopping companies in red states from going green

Conservatives attack financial firms that consider environmental, social and corporate governance issues. But companies in red states won't stop trying to operate more sustainably.

WEKU

3 Drilling Stocks to Buy in June 2023

With the upsurge in oil and gas production and increased upstream investments, the outlook for the energy drilling sector appears bright. Therefore, it could be wise to invest in robust energy drilling stocks Patterson-UTI Energy (PTEN), Precision Drilling (PDS), and Superior Drilling (SDPI) this month to capitalize on the sector’s…

StockNews.com

Developing countries need €2 trillion for clean energies to meet climate goals- IEA

The International Energy Agency (IEA) has said that financing for clean energy in developing and emerging economies – excluding China – must increase seven-fold within a decade if global warming is to be capped at tolerable levels

Radio France Internationale

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‘Gateway to Hell’: Turkmenistan urged to plug gas leaks driving climate change

Home to the Darvaza Crater, a massive molten pit that has spewed flames and noxious gases for decades, Turkmenistan has the world’s worst record when it comes to climate-heating methane leaks. As it pledges to plug the smouldering crater, the reclusive central Asian nation is under pressure to fix its…

France 24

Has the world finally reached ‘peak oil’?

The International Energy Agency (IEA) says global oil demand will slow “markedly” in the coming years and a peak is “on the horizon”.

The Week

India, China bought 80% of Russia's oil in May: International Energy Agency

India has increased purchases from almost nothing to close to 2 million barrels per day, while China has raised liftings to 2.2 million barrels per day. With Europe banning import and G7 imposing shipping restrictions on Russian oil, more than 90% of the product is now headed to Asia, with…

The Hindu

Peak in global oil demand ‘in sight before end of decade’

International Energy Agency says demand will grow by 2.4m barrels a day in 2023 to record 102.3m

The Guardian - UK

The green energy revolution: how semiconductors are driving decarbonisation

THE ARTICLES ON THESE PAGES ARE PRODUCED BY BUSINESS REPORTER, WHICH TAKES SOLE RESPONSIBILITY FOR THE CONTENTS

The Independent UK

Fact check: why Rowan Atkinson is wrong about electric vehicles

Last week we ran a piece by Rowan Atkinson casting doubt on the environmental benefits of electric vehicles. Here Simon Evans of Carbon Brief offers his response

The Guardian - UK

Leaders gather in Paris to accelerate wringing more out of every ounce of fuel

As 30 environment and trade ministers, and 50 CEOs gather in Paris for the 8th international conference on energy efficiency, the International Energy Agency is taking stock

The Independent UK

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Al Jazeera

Visualising the growth of the electric car industry

Every three in 20 cars sold worldwide in 2022 were electric, with more than half of them sold in China alone.

Bangkok Post

Fossil fuelled: Climate talks begin with spotlight on oil chief

PARIS: The future of fossil fuels -- the leading source of planet-heating emissions -- will face scrutiny at UN climate negotiations Monday with an under-fire Emirati oil chief poised to step into the driver's seat.

The Independent UK

Renewable energy surges, driven by solar boom and high fuel prices, report finds

The world is set to add a record amount of renewable electricity capacity this year as governments and consumers seek to offset high energy prices and take advantage of a boom in solar power

Radio France Internationale

Renewable energy capacity additions to hit record: IEA

Renewable power capacity will grow by a record number this year as high fossil fuel prices and energy security concerns fuelled the deployment of solar and wind systems, the International Energy Agency said Thursday.

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The Independent UK

Asking us to keep food prices down won’t work, retailers warn Rishi Sunak

British Retail Consortium rejects No.10 plans for voluntary price caps

The Independent UK

Retailers hit out at plans for voluntary price caps on some foods

Downing Street is understood to be drawing up proposals to charge the lowest possible amount for some basic products.

The Independent UK

Barclay: Plans for price caps on food staples have ‘no element of compulsion’

Downing Street is understood to be drawing up proposals that would seek to get retailers charging the lowest possible amount for some basic products.

Radio France Internationale

World investing more in solar than oil as investment in renewables soars

Global investment in solar power is expected to overtake investment in oil for the first time ever this year, as spending on renewables continues to increase more than spending on fossil fuels, according to the International Energy Agency. And yet, fossil fuel investment is still too high to reach any…

The Independent UK

IEA: Shift to clean energy accelerating, but coal investments too high to meet climate goals

The International Energy Agency says energy security concerns and policy support from rich countries are speeding up reliance on clean energy, but investments in coal power are on course to be nearly six-times beyond what is needed for the world to meet targets for achieving “net zero” carbon emissions

The Guardian - AU

Russia-Ukraine war: Belarus says transfer of nuclear weapons from Russia has begun – as it happened

Comments from Alexander Lukashenko, Belarusian president, come as Russia and Belarus sign new deal for storage of nuclear weapons

The Guardian - UK

Invasion of Ukraine ‘has fuelled funding boom for clean energy’

International Energy Agency says investment will hit $1.7tn this year, well ahead of fossil fuels

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