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The Latest Breaking News from IEA

India, China bought 80% of Russia's oil in May: International Energy Agency

India has increased purchases from almost nothing to close to 2 million barrels per day, while China has raised liftings to 2.2 million barrels per day. With Europe banning import and G7 imposing shipping restrictions on Russian oil, more than 90% of the product is now headed to Asia, with…

The Hindu

Peak in global oil demand ‘in sight before end of decade’

International Energy Agency says demand will grow by 2.4m barrels a day in 2023 to record 102.3m

The Guardian - UK

The green energy revolution: how semiconductors are driving decarbonisation

THE ARTICLES ON THESE PAGES ARE PRODUCED BY BUSINESS REPORTER, WHICH TAKES SOLE RESPONSIBILITY FOR THE CONTENTS

The Independent UK

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Fact check: why Rowan Atkinson is wrong about electric vehicles

Last week we ran a piece by Rowan Atkinson casting doubt on the environmental benefits of electric vehicles. Here Simon Evans of Carbon Brief offers his response

The Guardian - UK

Leaders gather in Paris to accelerate wringing more out of every ounce of fuel

As 30 environment and trade ministers, and 50 CEOs gather in Paris for the 8th international conference on energy efficiency, the International Energy Agency is taking stock

The Independent UK

Visualising the growth of the electric car industry

Every three in 20 cars sold worldwide in 2022 were electric, with more than half of them sold in China alone.

Al Jazeera

Fossil fuelled: Climate talks begin with spotlight on oil chief

PARIS: The future of fossil fuels -- the leading source of planet-heating emissions -- will face scrutiny at UN climate negotiations Monday with an under-fire Emirati oil chief poised to step into the driver's seat.

Bangkok Post

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Renewable energy surges, driven by solar boom and high fuel prices, report finds

The world is set to add a record amount of renewable electricity capacity this year as governments and consumers seek to offset high energy prices and take advantage of a boom in solar power

The Independent UK

Renewable energy capacity additions to hit record: IEA

Renewable power capacity will grow by a record number this year as high fossil fuel prices and energy security concerns fuelled the deployment of solar and wind systems, the International Energy Agency said Thursday.

Radio France Internationale

Asking us to keep food prices down won’t work, retailers warn Rishi Sunak

British Retail Consortium rejects No.10 plans for voluntary price caps

The Independent UK

Retailers hit out at plans for voluntary price caps on some foods

Downing Street is understood to be drawing up proposals to charge the lowest possible amount for some basic products.

The Independent UK

Barclay: Plans for price caps on food staples have ‘no element of compulsion’

Downing Street is understood to be drawing up proposals that would seek to get retailers charging the lowest possible amount for some basic products.

The Independent UK

World investing more in solar than oil as investment in renewables soars

Global investment in solar power is expected to overtake investment in oil for the first time ever this year, as spending on renewables continues to increase more than spending on fossil fuels, according to the International Energy Agency. And yet, fossil fuel investment is still too high to reach any…

Radio France Internationale

IEA: Shift to clean energy accelerating, but coal investments too high to meet climate goals

The International Energy Agency says energy security concerns and policy support from rich countries are speeding up reliance on clean energy, but investments in coal power are on course to be nearly six-times beyond what is needed for the world to meet targets for achieving “net zero” carbon emissions

The Independent UK

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The Guardian - AU

Russia-Ukraine war: Belarus says transfer of nuclear weapons from Russia has begun – as it happened

Comments from Alexander Lukashenko, Belarusian president, come as Russia and Belarus sign new deal for storage of nuclear weapons

The Guardian - UK

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 - AU

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 - UK

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

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Reason

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.

InsideEVs

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.

Bangkok Post

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.

StockNews.com

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….

Asharq Al-Awsat

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…

ABC News

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.

The Conversation

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…

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