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The Latest Breaking News from IEA

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

The Guardian - UK

How the Australian gas industry’s audacious net zero claims stack up – explainer

Peter Dutton recently told fossil fuel executives ‘the road to net zero emissions … is one we can only travel with gas’

The Guardian - AU

Cop28 host UAE’s approach is ‘dangerous’, says UN’s ex-climate chief

Christiana Figueres says focus on carbon capture is direct threat to survival of vulnerable countries

The Guardian - UK

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read the most diverse news in one place.

New Study: Nuclear Power Is Humanity's Greenest Energy Option

Land-hungry biomass, wind, and solar power are set to occupy an area equivalent of the size of the European Union by 2050.

Reason

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.

InsideEVs

Global gas markets will remain tight in 2023 – IEA

LONDON: Global gas markets are gradually rebalancing but are expected to remain tight in 2023 amid lower Russian pipeline gas deliveries to Europe, the International Energy Agency (IEA) said on Thursday.

Bangkok Post

3 Stocks Committed to Renewable Energy: Should You Buy, Sell, or Hold?

Amid the renewable energy sector's accelerated progress due to the global energy crisis, various economic and geopolitical headwinds could hinder its progress. Given this, which of the three sector-committed stocks, General Motors (GM), NextEra Energy (NEE), and Hannon Armstrong (HASI), should investors buy, sell, and hold? Let’s find out….

StockNews.com

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OPEC: We Do Not Target Oil Prices, IEA Should be 'Very Careful'

The International Energy Agency (IEA) should be "very careful" about discouraging investment in the oil industry, which was vital for global economic growth, announced OPEC Secretary General Haitham al-Ghais. Ghais warned that such statements could lead to oil market volatility in the future. He said that the Organization of the…

Asharq Al-Awsat

Electric vehicles 14 per cent of global new car sales, but less than 4 per cent in Australia: IEA

The latest snapshot of global EV uptake shows "explosive" growth in sales in China, Europe, the US and the UK, while Australia is at risk of being left behind.

ABC News

Global economic uncertainty means oil prices -- and your fuel bill -- will continue to surprise this year

Oil prices have confounded expectations in the first quarter of 2023. Brent – a major global benchmark – hit a low of US$72 (£58) a barrel on March 17, while the world’s other main benchmark, WTI, dropped to less than US$66 a barrel. This is a far cry from the…

The Conversation

I’m a Tory MP, but I can’t let ministers trash our net zero pledge with the Rosebank oilfield

It would be able to produce 500m barrels, exceeding our carbon budgets for the oil and gas industry. It will also make the UK poorer, says Chris Skidmore, chair of the Net Zero Review

The Guardian - UK

Johnson Controls CEO: ‘Humanity has 7 years to cut global emissions by half–but we can decarbonize buildings ahead of schedule’

Buildings are responsible for 40% of global emissions–but we know how to decarbonize them profitably, writes Johnson Controls CEO George Oliver.

Fortune

G7 Coalition to Keep Russian Oil Price Cap at $60

The Group of Seven (G7) coalition will keep a $60 per barrel price cap on seaborne Russian oil, a coalition official said, despite rising global crude prices and calls by some countries for a lower price cap to restrict Moscow's revenues. The G7 and Australia made the decision to maintain…

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…

Asharq Al-Awsat

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The Guardian - UK

Global oil demand on course for record as China’s economy rebounds

International Energy Agency’s expectation for 2023 is 2m bpd higher than last year’s figure

Chicago Sun-Times

Lawmaker pushes to scrutinize state program for children in mental health crisis

A WBEZ investigation found the SASS program fails to ensure thousands of children get any follow-up help, let alone the type of intensive behavioral health support many need.

The Guardian - UK

Revealed: UAE plans huge oil and gas expansion as it hosts UN climate summit

Exclusive: UAE’s fossil fuel boss will be the president of Cop28, making a mockery of the summit, say campaigners

Reason

U.N. Climate Report Recommends Ending Fossil Fuel Subsidies

One place where environmentalists and libertarians are on the same page

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Newsroom.co.nz

New oil and gas not consistent with 1.5C

New oil and gas fields are not consistent with 1.5C of warming but the Government has just approved one and opened up applications for more.

Barchart

Crude Closes Moderately Lower on Economic Concerns

May WTI crude oil (CLK23 ) on Friday closed down -0.70 (-1.00%), and May RBOB gasoline (RBJ23 ) closed down -1.23 (-0.48%). Crude oil and gasoline prices Friday closed moderately lower due to ongoing concerns that the banking turmoil could push the global economy into a recession, undercutting energy demand....

Barchart

Crude Prices Firm as the Dollar Falls

May WTI crude oil (CLK23 ) this morning is up +0.62 (+0.87%), and May RBOB gasoline (RBJ23 ) is up +4.90 (+1.91%). April Nymex natural gas (NGJ23 ) is up +0.030 (+1.38%). Crude oil and gasoline prices this morning rose to 1-week highs and are moderately higher. Dollar weakness is...

Bangkok Post

China's Mekong dams turn Thai fishing villages into 'ghost towns'

CHIANG KHONG, Thailand: From February to April each year, Kam Thon spends most of her days knee-deep in the waters of the Mekong River by her village in northern Thailand, gathering river weed to sell and cook at home.

The Times of India

Russia’s oil revenue drops sharply in February as sanctions bite: IEA

LONDON: Russia’s oil-export revenue fell to lowest in more than a year in February as buyers of the nation’s barrels largely complied with price caps and sanctions, according to the International Energy Agency.

The Guardian - UK

CO2 emissions may be starting to plateau, says global energy watchdog

IEA records rise of less than 1% from energy use in 2022, but 7% reduction needed every year this decade to meet emissions goal

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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