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The Latest Breaking News from IEA

Elon Musk Says Peak Oil Demand Will Be Reached Within 5 Years

The Tesla and SpaceX founder might actually be right, but the world is still expected to be using a lot of oil even by the middle of the century.

InsideEVs

‘Ridiculous’: Greta Thunberg blasts decision to let UAE oil boss chair climate talks

Climate activist at Davos says lobbyists have been influencing conferences ‘since forever’

The Guardian - UK

Davos 2023: Greta Thunberg to meet IEA chief Birol

Greta Thunberg is set to meet International Energy Agency (IEA) executive director Fatih Birol in Davos on Thursday, organisers of a fringe round-table event at the World Economic Forum's (WEF) annual meeting told Reuters.

Reuters

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Late-year coal slump reversed as prices roar back beyond $US400 a tonne

Coal is back above $US400 a tonne

Newcastle Herald

War accelerating clean energy adoption

Call it the Putin effect: Russia’s war is speeding up the global shift away from fossil fuels

Salon

How Putin’s war and small islands are accelerating the global shift to clean energy, and what to watch for in 2023

The year 2022 was a tough one for the growing number of people living in food insecurity and energy poverty around the world, and the beginning of 2023 is looking bleak.

The Conversation

Global coal use in 2022 is reaching an all-time high, but Australia is bucking the trend

In a year marked by record-smashing floods, fires, heatwaves and droughts, the urgent need to act on climate change has never been more apparent. And yet, the International Energy Agency (IEA) has found coal burning for electricity generation will reach record levels this year.

The Conversation

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Putin’s energy crisis in Europe has pushed global coal use to a historic high—but here’s why it won’t stay that way for long

Global coal use will rise 1.2% this year to just over eight billion tons, according to the International Energy Agency.

Fortune

Russian oil revenues fall in November despite production boost

Decline seen as evidence that western efforts to choke off the Kremlin’s earnings are working

The Guardian - UK

Michael Hiltzik: Solar and wind energy are killing off fossil fuel, despite the right's best efforts

American conservatives may be trying to hold back the tide, but solar and wind power are surging worldwide, leaving coal, natural gas and oil in the dust as energy sources.

Los Angeles Times

Jamie Dimon warns of 'extraordinary' dangers of Ukraine War and global energy crisis

JPMorgan’s CEO warned of a prolonged energy crisis, while calling for a “Marshall Plan for energy” to combat oil and gas underinvestment.

Fortune

Europe shifts focus to avoiding energy shortage next year

The heads of the International Energy Agency and European Union’s executive branch say the 27-nation bloc is expected to weather an energy crisis this winter

The Independent UK

Renewable energy predicted to surpass coal by 2025, IEA says

An International Energy Agency forecast demonstrates the effects of the Ukraine conflict, among other shifting dynamics.

Axios

Ukraine war will make renewables top electricity source: IEA

Russian fossil fuel bans propel world towards solar, wind and other renewable energy sources, says new report.

Al Jazeera

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Al Jazeera

Russian oil price cap: Five things you need to know

Al Jazeera answers five key questions to better understand the effect of the EU and G7’s move.

Al Jazeera

Infographic: How much oil does Russia produce?

Russia is one of the largest producers of crude oil, and it provides more than a third of Europe’s oil imports.

Al Jazeera

‘Assassination attempt’ on Pakistan envoy in Afghan capital

Attacker failed to harm the Pakistani diplomat, but shot and wounded his security guard outside its mission in Kabul.

The Guardian - UK

Giving up on 1.5C climate target would be gift to carbon boosters, says IEA head

Exclusive: Fatih Birol says claims that limit is dead are ‘factually incorrect and politically very wrong’

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Fortune

Energy CEO says markets should brace for 'one or two years of extreme volatility'

The head of one of Europe’s largest energy companies says turmoil is far from over, and European nations should start thinking ahead.

The Conversation

Our US$10 trillion global energy bill dwarfs what’s needed to limit global heating

The world’s energy bill for 2022 is set to be the highest ever, topping US$10 trillion (£8.3 trillion). This is the total price paid for all forms of energy across all sectors by all people. Something like 80% of this bill is for coal, oil or gas, or for electricity…

The Independent UK

IEA chief sees energy crunch for Europe next winter

The head of the International Energy Agency says Europe should be able to cope with the natural gas supply crunch in the coming months thanks to considerable reserves but warned that the continent could face a bigger energy crisis next winter

ABC News

Demand for Queensland metallurgical coal set to increase despite global trend

Despite global demand for coal continuing to plummet by 2050, the need for Queensland metallurgical coal is expected to increase during that time, state government analysis shows.

The Conversation

Why fixing methane leaks from the oil and gas industry can be a climate game-changer – one that pays for itself

What’s the cheapest, quickest way to reduce climate change without roiling the economy? In the United States, it may be by reducing methane emissions from the oil and gas industry.

Reason

Permitting Hell vs. Climate Hell at COP27

Onerous environmental permitting regulations make rapid renewable energy deployment in the United States a "fantasy."

The Guardian - UK

Oil and gas firms planning ‘frightening’ fossil fuels growth, report finds

Analysis released at Cop27 climate summit shows plans would thwart chances of keeping global heating to 1.5C

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