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The Latest Breaking News from IEA

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

The Guardian - UK

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.

International Business Times

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.

StockNews.com

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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.

The National (Scotland)

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.

International Business Times

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.

The Hindu

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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.

Chicago Sun-Times

'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 Use Hits Record In 2023, Earth's Hottest Year

Global consumption of coal reached an all-time high in 2023, the IEA energy watchdog said Friday, as Earth experienced its hottest recorded year.

International Business Times

Global coal use to reach record high in 2023, energy agency says

IEA report says demand is expected to grow in India, China but decline in United States, European Union.

Al Jazeera

Oil Soars as Dollar Weakens, IEA Boosts Demand Forecast

Oil prices glisten and ascend in response to a softer dollar combined with the IEA's performance-enhancing tweak to global demand estimates.

Top News

OPEC+ Cartel's Grip On Oil Market Loosening: IEA

Slowing demand growth and rising US crude production will make it more difficult for OPEC+ to continue to prop up prices, the IEA said on Thursday.

International Business Times

Carbon Causes Climate Change. Why Does a California County Want to Make More?

Kern County wants to use billions in federal tax credits to collect and bury carbon. To do so, it would build new facilities to produce more of the most abundant greenhouse gas.

Capital & Main

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The Guardian - UK

We really could triple renewables by 2030, but it won’t be a breeze

The prospect of halving demand for coal is a goal worth striving for, but governments must stay the course

Fortune

Access to modern stoves could be a game-changer for Africa’s economic development–and help cut the equivalent of the carbon dioxide emitted by the world’s planes and ships

What’s shocking is that the tools to improve the situation are readily available and affordable, say the heads of the IEA and the African Development Bank.

International Business Times

With COP28 Underway, How Can Specialized Recruitment Agencies Help Companies Navigate ESG And Sustainability Talent Shortages?

The demand for ESG and sustainability professionals is booming, but finding talent is difficult. However, working with recruitment agencies specializing in the industry can mitigate these problems.

The Guardian - UK

‘A matter of survival’: India’s unstoppable need for air conditioners

Access to sufficient cooling could further drive up the already rampant inequality in the country

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StockNews.com

3 Coal Stocks With Potential Wins for December

Despite global efforts toward renewable energy, the tenacity of coal consumption appears to persist. Thus, it seems wise to invest in stalwart coal stocks like SunCoke Energy (SXC), CONSOL Energy (CEIX), and China Shenhua Energy (CSUAY) to harness potential gains this month. Read more….

The Conversation

COP28 president is wrong – science clearly shows fossil fuels must go (and fast)

According to the president of COP28, the latest round of UN climate negotiations in the United Arab Emirates, there is “no science” indicating that phasing out fossil fuels is necessary to restrict global heating to 1.5°C.

The Independent UK

At UN climate talks, fossil fuel interests have hundreds of employees on hand

At least 1,300 employees of organizations representing fossil fuel interests registered to attend this year’s United Nations climate talks in Dubai

International Business Times

Over 110 Countries Support Tripling Renewables By 2030: EU Chief

More than 110 countries want the COP28 climate negotiations to adopt a goal of tripling renewable energy and doubling energy efficiency by 2030, European Commission President Ursula von der Leyen said Friday.

International Business Times

COP28 Puts Spotlight On State Oil Giants

Western energy firms are the usual suspects when it comes to criticism about the sector's role in climate change, but a less visible lineup of powerful state companies dominates the industry.

International Business Times

Hundreds Of New Oil And Gas Projects Approved Despite Climate Crisis

More than 400 oil and gas projects were approved globally in the last two years despite calls to abandon all new hydrocarbon development, new figures showed as the UN COP28 climate talks opened Thursday.

The Guardian - UK

Ukraine war has marked a turning point in Europe’s gas consumption, says IEA

Global energy watchdog says Russia cutting supplies has prompted efficiency upgrades and move to heat pumps

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