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The Latest Breaking News from IEA

OXY vs. VLO - Buy or Hold in the 2024 Energy Market?

The energy sector continues to demonstrate resilience, buoyed by escalating geopolitical tensions, steadfast demand, and deliberate production cuts. In such a scenario, which energy stock, Occidental Petroleum Corp (OXY) or Valero Energy Corp (VLO), is better positioned to thrive? Let’s find out….

StockNews.com

Biden’s delay of ‘carbon bomb’ projects could be a big deal – but will it last?

Climate activists cheer decision to pause all pending liquified natural gas export licenses, but is it just a delay till after November elections?

The Guardian - US

Data centers are accounting for more and more electricity - and that's becoming major issue for firms and governments alike

Surging energy demand from data centers is a problem, but there’s hope that renewables are also increasing.

TechRadar

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3 Energy Stocks to Buy BEFORE January Ends

The energy sector’s prospects remain solid amid escalating geopolitical tensions, resilient demand, and production cuts. In such a scenario, three fundamentally sound energy companies, Enterprise Products Partners (EPD), Cheniere Energy Partners (CQP), and ChampionX Corp (CHX), could be wise portfolio additions this month. Read on….

StockNews.com

Climate crisis reaching inflection point

The accelerating shift toward clean energy technologies means global greenhouse gas emissions may fall in 2024

Salon

King Coal Set To Lose Crown For Electricity Production: IEA

Renewables are set to displace coal as the top source of energy for electricity production globally in 2025, the International Energy Agency said Wednesday.

International Business Times

Nuclear power output expected to break global records in 2025

Experts say world is ‘past peak fossil power’ but warn against uneven development of energy projects

The Guardian - UK

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In Davos, An Australian Mining Boss Presses Industries To Go Green

Andrew Forrest, a blunt Australian billionaire who made his fortune in iron ore mining, stood out among the heads of emissions-spewing industries at the meeting of global elites in Davos.

International Business Times

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

India’s brick kiln workers fear loss of livelihood to ‘green alternatives’

Jamuna Malik’s hands move deftly as she rolls a lump of clay and flattens it into a mould, packing it with mud to set before adding it to the row of bricks waiting to be baked in a kiln on the outskirts of Bengaluru.

Newslaundry

First Thing: White House gives major boost to electric vehicle charging points

Biden administration unveils $623m in funding amid concern that transition to zero-carbon transportation not keeping pace with climate crisis. Plus, Ai Weiwei on AI art

The Guardian - UK

World Added 50% More Renewable Energy But More Needed: IEA

The world added 50 percent more renewable energy capacity in 2023 over the previous year but more is needed in the battle against climate change, the International Energy Agency said Thursday.

International Business Times

Renewable Energy Boasts Record Growth, Driven by Solar and Wind

The International Energy Agency reports that renewable energy experienced its fastest growth in 25 years, driven primarily by solar power in China.

Top News

Renewables grew rapidly in 2023, but must grow faster still to meet climate change target, IEA says

The amount of renewable energy installed around the world last year grew at its fastest rate in the past 25 years

The Independent UK

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The Guardian - UK

World’s renewable energy capacity grew at record pace in 2023

IEA report says 50% growth last year keeps hope of achieving Cop28 climate target of tripling clean energy capacity

The Guardian - UK

What links Rishi Sunak, Javier Milei and Donald Trump? The shadowy network behind their policies

The Atlas Network’s dark-money junktanks are behind neoliberal policies around the world, says Guardian columnist George Monbiot

Radio France Internationale

World's carbon emissions could start to fall for first time in 2024

Global carbon emissions may have peaked in 2023 – the hottest year in history – as efforts to step up renewable energy and step back from fossil fuels show signs of promise.

The Guardian - UK

Climate scientists hail 2023 as ‘beginning of the end’ for fossil fuel era

Cautious optimism among experts that emissions from energy use may have peaked as net zero mission intensifies

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International Business Times

Booming Renewables, Lingering Fossil Fuels: 2024 Outlook For Energy Markets And Politics

Renewable energy is poised for a rebound in 2024, but higher oil prices will continue to make it difficult to quit fossil fuels. A crucial year looms.

StockNews.com

3 Top-Rated Energy Stock Buys With Untapped Potential

Despite the increasing focus on transitioning away from fossil fuels worldwide, oil demand is expected to remain solid in the coming years. Hence, fundamentally solid energy stocks Baker Hughes (BKR), Sasol (SSL), and CrossAmerica Partners (CAPL) might be ideal buys now. Keep reading.

The National (Scotland)

Think tank behind Liz Truss appears on UK media 14 times a DAY in 2023

The Institute of Economic Affairs appeared on British media an average of 14 times a day in the last year, this newsletter has found.

International Business Times

Angola Departure A Blow For OPEC+ As Cartel Tensions Rise

Angola's departure from OPEC exposes the tensions with the oil cartel as it seeks to cut output to maintain prices just as the United States ramps up production.

International Business Times

Waning Influence Of OPEC+ In Spotlight As Prices Flag

Despite slashing oil production for months on end and announcing new cuts in late November, the Organization of the Petroleum Exporting Countries (OPEC) and its ten allies have struggled to boost flagging prices.

The Hindu

Global coal demand expected to decline by 2026: IEA report

Global coal demand to decline by 2026, India to remain "driving force" despite record production in 2023.

Chicago Sun-Times

Rep. Blaine Wilhour of the Illinois Freedom Caucus has a primary fight on his hands

If nothing else, a barrage of union money aimed at Wilhour could divert “Eastern Bloc” resources away from their hoped-for battle against Rep. Dave Severin, Rich Miller writes.

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