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The Latest Breaking News from IEA

Clean energy surges globally, but has yet to replace fossil fuels: Report

Clean sources accounted for more than 40 percent of electricity production last year for the first time.

Al Jazeera

If Australia switched to EVs, we’d be more reliant on China’s car factories – but wean ourselves off foreign oil

Australia has huge reserves of coal and gas – but very little oil. Before the 20th century, this didn’t matter – trains ran on local coal. But as cars and trucks have come to dominate, Australia has become more and more reliant on imported oil.

The Conversation

New Coal Capacity Hit 20-year Low In 2024: Report

The world added the smallest amount of new coal capacity in two decades last year, a report said Thursday, but use of the fossil fuel is still surging in China and India.

International Business Times

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Japan-Australia Flagship Hydrogen Project Stumbles

Japan wants to become a hydrogen fuel leader to meet its net-zero goals, but one blockbuster project is hanging in the balance over questions about its climate credentials.

International Business Times

Europe imports more Russian gas, aiding wartime economy, report finds

Europe increased its imports of Russian gas last year, says Ember, putting billions into Putin’s Ukraine war chest.

Al Jazeera

Why the Tesla backlash could help electric cars finally go mainstream

Elon Musk’s controversial political views and actions have sparked an exodus from X (formerly Twitter), his social media platform, and mass protests against his car company, Tesla. Dealerships in the US and beyond have experienced peaceful protests and occasional vandalism, while sales are down almost everywhere and the company has…

The Conversation

Renewables stepped up to meet surge in energy demand from rising temperatures in 2024, IEA says

Despite some climate-related setbacks, the decoupling of emissions from economic growth is one promising trend.

Euronews

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Air conditioner use driving up emissions as global heating bites

Record high temperatures last year fuelled demand for air conditioning, in turn driving an increase in dirty coal-fired power generation in a dangerous feedback loop revealed by a new global survey from the International Energy Agency.

Euronews

If NZ wants to decarbonise energy, we need to know which renewables deliver the best payback

A national energy strategy for Aotearoa New Zealand was meant to be ready at the end of last year. As it stands, we’re still waiting for a cohesive, all-encompassing plan to meet the country’s energy demand today and in the future.

The Conversation

Crude Prices Pressured by Energy Demand Concerns

April WTI crude oil (CLJ25 ) Thursday closed down -1.13 (-1.67%), and April RBOB gasoline (RBJ25 ) closed down -0.0170 (-0.79%). Crude oil prices were under pressure Thursday and settled moderately lower. A stronger dollar Thursday was bearish for energy prices. Also, the possible escalation of US tariffs that could...

Barchart

Trade Tensions and Energy Demand Concerns Weigh on Crude Prices

April WTI crude oil (CLJ25 ) today is down -0.61 (-0.90%), and April RBOB gasoline (RBJ25 ) is up +0.0004 (+0.02%). Crude oil prices are under pressure today from a stronger dollar. Also, the possible escalation of US tariffs that could exacerbate trade tensions that lead to slower growth and...

Barchart

Minerals, Mines, Hydrocarbons: Greenland's Key But Limited Resources

The vast autonomous Danish territory of Greenland, coveted by US President Donald Trump, is believed to hold untapped mineral and oil reserves, but on a global scale these amounts are modest and offer only minor potential for exploitation.

International Business Times

Combustion engine car sales have already peaked, data shows

Cost of EV batteries have crossed ‘tipping point’ that makes manufacturing them cheaper than fossil fuel-burning vehicles

The Independent UK

Redrawing of global energy markets map set to heap benefits on US

The prospects of peace and the return of Russian gas looks likely to serve the interests of Donald Trump

The Guardian - UK

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The Guardian - UK

What is the Ukraine minerals deal – and why does Trump want it signed?

Zelenskyy may visit the US this week to sign a deal on Ukraine’s rare earth minerals, according to Trump

The Independent UK

Major test case for new geothermal technology launches in small German town

Residents in the German town of Geretsried have long wanted to run their buildings with clean heat and electricity from geothermal energy rather than fossil fuels

Evening Standard

Is AI bad for the environment? Exploring the energy usage of ChatGPT and other AI tools

Does ChatGPT hoover up more energy than Google Search? How much carbon dioxide do AI models produce? We discuss the ecological footprint of AI

The Independent UK

Southeast Asia looks to nuclear power to supercharge its energy transition

Most countries in fast-growing Southeast Asia are looking to develop nuclear energy in their quest for cleaner and more reliable energy

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International Business Times

DeepSeek Breakthrough Raises AI Energy Questions

Having shattered assumptions in the tech sector and beyond about the cost of artificial intelligence, Chinese startup DeepSeek's new chatbot is now roiling another industry: energy companies.

Barchart

IEA Says Nuclear Power Set for Record-Breaking Year: 2 Energy Stocks to Double Down On

These stocks rallied following the publication of the IEA report.

Radio France Internationale

IEA forecasts record nuclear electricity production in 2025

Nuclear-powered electricity generation is on track to reach a record high in 2025, with forecasts indicating it will make up nearly 10 percent of global energy production, the International Energy Agency (IEA) said Thursday.

StockNews.com

3 Energy Stocks Gaining from Oil Price Volatility

Amid oil price volatility driven by the Middle East crisis, regulatory optimism signals a rise in energy demand in the long term. Thus, strategic investments in Suncor Energy (SU), DNOW Inc. (DNOW), and MRC Global (MRC) could unlock opportunities, leveraging their resilience and positioning to thrive in a rapidly evolving…

Radio France Internationale

Global coal demand to reach record high in 2024, IEA finds

Global consumption of coal is set to reach a new peak in 2024 – driven by rising demand in China, India and Indonesia, the International Energy Agency (IEA) said in its latest report, released Wednesday.

The Guardian - UK

Coal use to reach new peak – and remain at near-record levels for years

Spike in fossil fuel use a result of global gas crisis triggered by Russia’s invasion of Ukraine

Barchart

This Energy Dividend Aristocrat Is a Top 2025 Pick: Time to Buy?

Chevron is a dividend aristocrat with a yield of 4.4%. While the stock has underperformed in 2024, Bank of America listed it as a top pick for 2025.

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