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The Latest Breaking News from International Energy Agency

Budget and energy agencies differ on coal

TUESDAY'S federal budget was framed on commodity price assumptions that included a fall in thermal coal from $US438 a tonne to just $US60 a tonne by July this year.

Newcastle Herald

World is in its 'first truly global energy crisis' - IEA's Birol

Tightening markets for liquefied natural gas (LNG) worldwide and major oil producers cutting supply have put the world in the middle of "the first truly global energy crisis", the head of the International Energy Agency (IEA) said on Tuesday.

Reuters

‘Put up or shut up’: can Big Oil prove the case for carbon capture?

Lavish US tax breaks are transforming the case for technology that traps and stores CO₂. Critics say it is still a green boondoggle

Financial Times

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Europe joins the ‘white gold’ rush for lithium and faces an energy transition challenge

With the EU committed to making electric vehicles widely available by 2035, the demand for metals required to produce batteries, particularly lithium, is expected to explode. The market is currently dominated by a handful of countries, but Europe wants to join the club by exploiting its subsoil.

France 24

Energy agency: CO2 emissions rise in 2022, but more slowly

The International Energy Agency said Wednesday that it expects carbon emissions from the burning of fossil fuels to rise again this year, but by much less than in 2021 due to the growth in renewable power and electric cars

The Independent UK

Global CO2 emissions to grow less than 1% this year thanks to renewables- IEA

Global carbon dioxide emissions from burning fossil fuels are expected to rise by just under 1% this year, as the expansion of renewables and electric vehicles outweighed coal demand, the International Energy Agency (IEA) said.

Reuters

India-led alliance bats for diverse solar energy market

For countries to transition away from fossil fuels and toward cleaner energies like solar power, supply chains for components need to be more geographically diverse, officials during a conference on solar energy in New Delhi said on Tuesday

The Independent UK

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Ukraine keeps power on despite Russia’s missile barrage

Russian missile and drone strikes targeting Ukrainian power infrastructure over the past week have failed to knock electricity supply off the grid for any prolonged period, according to International Energy Agency data.

Tribune News Service

More Positive EV News From Energy Agency, But Emissions Outlook Bleak

The International Energy Agency's report had grim news about the shift toward renewables. However, it shed light on 2022 likely being a record year for EVs.

InsideEVs

Oil output cuts 'raise recession risk'

LONDON: A decision by the Opec+ oil producers’ group last week to cut output has driven up prices and could push the global economy into recession, the International Energy Agency warned on Thursday.

Bangkok Post

Kentucky joined a regional hydrogen hub to build out clean energy infrastructure

WEKU

Europe faces ‘unprecedented risk’ of gas shortages this winter, energy agency says

The International Energy Agency has warned that Europe will risk gas shortages in the case of a complete Russian cut-off

Wales Online

Europe faces 'unprecedented risk' of gas shortage - IEA report

Europe faces “unprecedented risks” to its natural gas supplies this winter after Russia cut off most pipeline shipments and could wind up competing with Asia for already scarce and expensive liquid gas that comes by ship, the International Energy Agency said.

Radio France Internationale

IEA Birol: "very obvious" who was behind the Nord Stream sabotage

Fatih Birol, head of the International Energy Agency (IEA), said on Thursday it was "very obvious" who was behind the suspected sabotage against the Nord Stream pipelines which caused major leaks into the Baltic Sea.

Reuters

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The Independent UK

China keeps West guessing about economic pressure on Russia

Chinese leader Xi Jinping is keeping the West guessing about whether Beijing will cooperate with tougher sanctions on Moscow as he meets President Vladimir Putin a year after declaring a “no limits” friendship ahead of Russia's invasion of Ukraine

France 24

IEA director says energy crisis a 'test' for European solidarity

Will Europe have enough energy to make it through the winter, as Russia tightens the taps? Fatih Birol, Executive Director of the International Energy Agency, thinks so. He tells FRANCE 24: "I believe this winter will be a major energy test for Europe, but at the same time it is…

The Conversation

We pay billions to subsidise Australia’s fossil fuel industry. This makes absolutely no economic sense

Fossil fuel subsidies from major economies including Australia reached close to US$700 billion in 2021, almost doubling from 2020, according to new analysis by the International Energy Agency and OECD.

The Guardian - UK

Global fossil fuel subsidies almost doubled in 2021, analysis finds

Support amid huge industry profits is a ‘roadblock’ to tackling climate crisis, says International Energy Agency

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The Guardian - AU

World EV road trip reveals an Australian market in the slow lane

Longtime electric vehicle researcher hits the road in four countries to discover the cost Australia is paying for almost a decade of inaction

ABC News

Federal government approves two new offshore greenhouse gas storage areas off WA and NT

The federal government issues permits for two new offshore greenhouse gas storage areas, off the coast of Western Australia and the Northern Territory.

The Conversation

It’ll be impossible to replace fossil fuels with renewables by 2050, unless we cut our energy consumption

Energy consumption – whether its heating your home, driving, oil refining or liquefying natural gas – is responsible for around 82% of Australia’s greenhouse gas emissions.

Asharq Al-Awsat

Cheaper, Changing and Crucial: The Rise of Solar Power

Generating power from sunlight bouncing off the ground, working at night, even helping to grow strawberries: solar panel technology is evolving fast as costs plummet for a key segment of the world's energy transition. The International Energy Agency says solar will have to scale up significantly this decade to meet…

The Guardian - AU

Climate crisis ‘insufficient’ to halt oil and gas exploration, says New Zealand government

Despite declaring a climate emergency, government is in court defending decision to issue fossil fuel prospecting permits in Taranaki

The Guardian - AU

Westpac’s climate targets blasted by activists despite tougher stance on fossil fuels

Bank tightens rules on financing coal, oil and gas projects but environmental groups say it’s not enough

The Conversation

Can electric vehicle batteries be recycled?

Between 2000 and 2018, the number of lithium-ion batteries (LIBs) manufactured was multiplied by 80. In 2018, 66% of them were used in electric vehicles (EVs). The planned development of electric mobility will increase demand for batteries, with the International Energy Agency estimating that between 2019 and 2030, battery demand…

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