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The Latest Breaking News from IEA

Why fossil fuels are like renting a home - and solar panel imports soon pay for themselves

Ahead of the IEA’s summit on energy security this week, analysts are emphasising the benefits of solar and wind.

Euronews

China to snub UK energy summit amid row over infrastructure projects

Exclusive: Absence of world’s biggest clean energy producer will be welcomed by US pushing oil and gas exports

The Guardian - UK

Energy Demand Concerns Undercut Crude Prices

May WTI crude oil (CLK25 ) Tuesday closed down -0.20 (-0.33%), and May RBOB gasoline (RBK25 ) closed up +0.0022 (+0.11%). Crude oil and gasoline prices on Tuesday settled mixed. Tuesday's stronger dollar weighed on crude prices. Also, Tuesday's action by the International Energy Agency (IEA) to cut its global...

Barchart

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Crude Prices Weaken as IEA Cuts its Global Crude Demand Forecast

May WTI crude oil (CLK25 ) today is down -0.23 (-0.37%), and May RBOB gasoline (RBK25 ) is up +0.0033 (+0.16%). Crude oil and gasoline prices today are mixed. Today’s stronger dollar is weighing on crude prices. Also, today’s action by the International Energy Agency (IEA) to cut its global...

Barchart

Trump tariffs will mean world uses less oil this year, IEA says

Energy watchdog cuts forecast for growth in demand by a third, and says a trade war could mean it falls further

The Guardian - UK

Coal in Alberta: Neither public outrage nor waning global demand seem to matter to Danielle Smith

“We heard you, Albertans.” With those words, Alberta Energy Minister Brian Jean put coal mining in Alberta’s Rocky Mountains back on the table last December. Common sense might suggest Jean meant that Albertans are in favour of resuscitating metallurgical coal mining there, but that’s not the case.

The Conversation

Climate champion or catastrophe: Can AI ‘offset’ its own, growing emissions?

Data centre electricity demand is predicted will rise to around 945 terawatt hours by 2030, more than the entire electricity consumption of Japan.

Euronews

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Report estimates AI energy demands will quadruple in the next few years, with some large planned centres estimated to use the equivalent power of 5,000,000 households

It's fairly hopeful about AI's impact on the environment, though.

PC Gamer

AI boom to double data centre power use by 2030, IEA warns

Electricity consumption by data centres will more than double by 2030, driven by artificial intelligence applications that will create new challenges for energy security and CO2 emission goals, the IEA said Thursday.

Radio France Internationale

AI Surge To Double Data Centre Electricity Demand By 2030: IEA

International Business Times

Energy demands from AI datacentres to quadruple by 2030, says report

The IEA forecast indicates a sharp rise in the requirements of AI, but said threat to the climate was ‘overstated’

The Guardian - UK

Clean energy surges globally, but has yet to replace fossil fuels: Report

Clean sources accounted for more than 40 percent of electricity production last year for the first time.

Al Jazeera

If Australia switched to EVs, we’d be more reliant on China’s car factories – but wean ourselves off foreign oil

Australia has huge reserves of coal and gas – but very little oil. Before the 20th century, this didn’t matter – trains ran on local coal. But as cars and trucks have come to dominate, Australia has become more and more reliant on imported oil.

The Conversation

New Coal Capacity Hit 20-year Low In 2024: Report

The world added the smallest amount of new coal capacity in two decades last year, a report said Thursday, but use of the fossil fuel is still surging in China and India.

International Business Times

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International Business Times

Japan-Australia Flagship Hydrogen Project Stumbles

Japan wants to become a hydrogen fuel leader to meet its net-zero goals, but one blockbuster project is hanging in the balance over questions about its climate credentials.

Al Jazeera

Europe imports more Russian gas, aiding wartime economy, report finds

Europe increased its imports of Russian gas last year, says Ember, putting billions into Putin’s Ukraine war chest.

The Conversation

Why the Tesla backlash could help electric cars finally go mainstream

Elon Musk’s controversial political views and actions have sparked an exodus from X (formerly Twitter), his social media platform, and mass protests against his car company, Tesla. Dealerships in the US and beyond have experienced peaceful protests and occasional vandalism, while sales are down almost everywhere and the company has…

Euronews

Renewables stepped up to meet surge in energy demand from rising temperatures in 2024, IEA says

Despite some climate-related setbacks, the decoupling of emissions from economic growth is one promising trend.

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Euronews

Air conditioner use driving up emissions as global heating bites

Record high temperatures last year fuelled demand for air conditioning, in turn driving an increase in dirty coal-fired power generation in a dangerous feedback loop revealed by a new global survey from the International Energy Agency.

The Conversation

If NZ wants to decarbonise energy, we need to know which renewables deliver the best payback

A national energy strategy for Aotearoa New Zealand was meant to be ready at the end of last year. As it stands, we’re still waiting for a cohesive, all-encompassing plan to meet the country’s energy demand today and in the future.

Barchart

Crude Prices Pressured by Energy Demand Concerns

April WTI crude oil (CLJ25 ) Thursday closed down -1.13 (-1.67%), and April RBOB gasoline (RBJ25 ) closed down -0.0170 (-0.79%). Crude oil prices were under pressure Thursday and settled moderately lower. A stronger dollar Thursday was bearish for energy prices. Also, the possible escalation of US tariffs that could...

Barchart

Trade Tensions and Energy Demand Concerns Weigh on Crude Prices

April WTI crude oil (CLJ25 ) today is down -0.61 (-0.90%), and April RBOB gasoline (RBJ25 ) is up +0.0004 (+0.02%). Crude oil prices are under pressure today from a stronger dollar. Also, the possible escalation of US tariffs that could exacerbate trade tensions that lead to slower growth and...

International Business Times

Minerals, Mines, Hydrocarbons: Greenland's Key But Limited Resources

The vast autonomous Danish territory of Greenland, coveted by US President Donald Trump, is believed to hold untapped mineral and oil reserves, but on a global scale these amounts are modest and offer only minor potential for exploitation.

The Independent UK

Combustion engine car sales have already peaked, data shows

Cost of EV batteries have crossed ‘tipping point’ that makes manufacturing them cheaper than fossil fuel-burning vehicles

The Guardian - UK

Redrawing of global energy markets map set to heap benefits on US

The prospects of peace and the return of Russian gas looks likely to serve the interests of Donald Trump

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