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The Latest Breaking News from International Energy Agency

Electric and hybrid car sales to rise to new global record in 2024

International Energy Agency says 17m vehicles will be sold this year, up more than 20% compared with 2023

The Guardian - UK

Many of the U.S. Banks Funding Coal Have an Unusual Carve-Out

They will still directly fund coal plants that are taking steps to abate their emissions using the untested technology.

Capital & Main

Trade Barriers Can Slow Energy Transition: IEA Chief

Trade barriers can slow the world's energy transition but commerce also needs to be fair, International Energy Agency chief Fatih Birol said Wednesday, as world powers tussle over the technologies key to fighting climate change.

International Business Times

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'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.

International Business Times

Coal, the Proven Path Out of Energy Poverty - Roll Call

What No One Seems to Know About Coal As advanced nations pursue the glittering dream of transitioning to alternative forms of energy–issuing calls and challenges for the rest of the world to join the parade–the one constant that got us here in the first place has been unfairly slandered and…

Roll Call

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".

Radio France Internationale

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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Climate summit in Madrid seeks to revive 1.5C warming target

Spain and the International Energy Agency were on Monday hosting an international climate and energy summit in Madrid aimed at forming a grand coalition to keep the 1.5C warming target within reach.

Radio France Internationale

Paris Agreement target still alive thanks to clean energy growth, says IEA

Trillions of dollars of investment in clean power is needed this decade to accelerate its growth, the agency has set out in a new report.

The Independent UK

Tory policies left UK exposed to energy shocks – Labour

The International Energy Agency data shows that in 2021 the UK had the highest average domestic electricity price among several countries.

The Independent UK

Woodside has huge plans to drill for oil and gas – and to meet its climate targets. How does it do it?

Fossil fuel company ‘aims to thrive through the energy transition by building a low-cost, lower-carbon, profitable, resilient and diversified portfolio’

The Guardian - AU

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

Data | Clean energy funds rise, but mostly in China, Europe, U.S.

The latest report by the International Energy Agency, ‘World Energy Investment 2023,’ shows that investment in clean energy has increased in recent years, with the transition mainly fuelled by Electric Vehicles (EVs) and renewable power.

The Hindu

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…

Radio France Internationale

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InsideEVs

International Energy Agency Predicts 14 Million EV Sales In 2023

Sales of Teslas and other EVs are increasing rapidly across the globe, last year representing over 10 million units sold globally. A jump is expected this year.

Newsroom.co.nz

How to bring back passenger trains

If we followed the International Energy Agency’s global study, we would need only invest about $700m a year – not a large sum relative to the total transport system, says Robert McLachlan

Asharq Al-Awsat

Oil Steady as Market Awaits China GDP Data

Oil prices were steady on Monday as investors eyed Chinese economic data for signs of demand recovery in the world's second-largest oil consumer. Brent crude futures nudged 7 cents lower to $86.24 a barrel by 0746 GMT, while US West Texas Intermediate crude was at $82.47 a barrel, down 6…

Radio France Internationale

Carbon emissions hit record high in 2022 despite jump in renewables

Carbon emissions from energy production around the world hit a new record high last year, but they rose less than expected because of renewables, according to the International Energy Agency.

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Asharq Al-Awsat

US, Qatar, Egypt Supply Europe’s LNG Demand

European imports of liquefied natural gas (LNG) rose by 63 % in 2022, to compensate for the interruption of supplies through Russian gas pipelines. LNG imported by Europe increased by 66 bcm, according to a recent report by the International Energy Agency (IEA). While the US supplied approximately two-thirds (43…

Capital & Main

The Dishonest Accounting of Net-Zero Emissions

Companies pledge to cut emissions caused by their production, while opposing measures to reduce emissions from the use of their products.

Bangkok Post

Russian oil and gas revenue falls nearly 40%

STOCKHOLM: Russia’s revenues from oil and gas exports dropped by nearly 40% in January as price caps and Western sanctions squeezed the proceeds from Moscow’s most lucrative export, the International Energy Agency (IEA) said on Tuesday.

The Independent UK

Energy agency: SUV growth weighs on emissions, batteries

The International Energy Agency says ever bigger cars pose a growing problem for the environment because they produce more greenhouse gas emissions and need larger batteries than their smaller cousins

The Guardian - UK

‘Energy battle’ between Europe and Russia not over, says global watchdog

International Energy Agency says efforts to replace Russian gas successful but warns against overconfidence

Salon

3% of oil profits could clean up methane

"There is just no excuse" for the rise in methane emissions last year, IEA director says

The Independent UK

Energy agency chief: "No excuse" for high methane emissions

The International Energy Agency on Tuesday accused fossil fuel industries of doing too little to curb methane emissions and undermining global climate goals to limit warming

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