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The Latest Breaking News from IEA

International Energy Agency To Draw Up Plan To Cut Oil Usage As Prices Surge: Reuters

The International Energy Agency (IEA) head says they could plan to release more oil from stocks to ease surging fuel prices and would draw up an action plan to reduce oil usage swiftly, reported Reuters. After Russia invaded Ukraine, oil prices spiked higher, and the West toughened sanctions on Moscow, stirring fears…

Benzinga

Carbon dioxide emissions skyrocketed in 2021 by 36.3 billion metric tons, highest increase in human history

A mainly coal-fueled, post-lockdown economic recovery boosted carbon dioxide emissions by 6% in 2021, the highest increase ever recorded in human history, according to a new report.

Tribune News Service

Households urged to turn down thermostats by 1°C to help defeat Russia

Move would help reduce Vladmiri Putin's dominance in the market

Wales Online

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Turn down your thermostat by 1°C to reduce need for Russian gas, urges regulator

While Britain only gets around 4% of its gas from Russia, Europe is heavily reliant on the country’s supplies, with Germany and Austria claiming more than 50% of it from the nation

Daily Mirror

British families to turn down the heating by 1C to cut reliance on Russian gas

The International Energy Agency has announced a new plan which could reduce the European Union's Russian gas imports by more than a third in the coming year

Daily Mirror

Ten point plan to reduce Europe’s reliance on Russian natural gas

Energy body says EU should not sign any new gas contracts with Russia

The Independent UK

Turn down heating by 1C to reduce need for Russian imports, Europeans told

IEA says reducing temperature could help wean consumers off fuel that Russia is using as a weapon in Ukraine war

The Guardian - UK

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IEA countries agree to release 60 million barrels of oil after Russia's Ukraine invasion

Oil prices have recently surged to over $100 a barrel in response to the war.

Axios

Nations agree to release 60 million barrels of oil amid war

The International Energy Agency says all 31 member countries have agreed to release 60 million barrels of oil from their strategic reserves “to send a strong message to oil markets” that there will be “no shortfall in supplies” as a result of Russia’s invasion of Ukraine

The Independent UK

Scott Morrison dismisses fuel excise cuts amid ‘temporary’ petrol price hikes

Russia’s invasion of Ukraine prompts energy security concerns with Australia still well short of emergency stockpile obligations

The Guardian - AU

Oil and gas facilities could profit from plugging methane leaks, IEA says

International Energy Agency reports nearly all the industry’s methane emissions could be avoided at no net cost

The Guardian - UK

Key energy agencies diverge as demand and oil prices climb

Leaders of the world’s most consequential energy bodies have gathered for a forum to discuss the uncertain future of oil

The Independent UK

Taking stock of the global electric vehicle race

The electric vehicle market is poised for both rapid growth and fundamental reshaping.

Axios

Canada praised for climate leadership despite scathing watchdog report on climate-policy failures

When the International Energy Agency (IAE) released its update report on Canada in mid-January, it was largely a summary of the Canadian fossil fuels landscape coupled with praise for the federal government’s climate policy commitments and Canada’s climate leadership.

The Conversation

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The Guardian - UK

China’s coal production hit record levels in 2021

In blow to climate campaigners, state encourages miners to ramp up output to avert winter gas crisis

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