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The Latest Breaking News from International Energy Agency

UK inflation likely to rise because of Middle East war, says Rachel Reeves

Chancellor says she is ready to help households with rising costs but stops short of setting out specific steps

The Guardian - UK

The Coalition claims pursuing net zero will increase power bills – but in the real world the opposite is true

The International Energy Agency, once known for an anti-renewables bias, now says a more ambitious transition will lower prices

The Guardian - AU

IEA heralds 'the Age of Electricity' while warning that oil may not be peaking in 2030 after all

The International Energy Agency’s World Energy Outlook still sees a pathway to mitigage "the most severe risks from climate change."

Fortune

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Renewables have now passed coal globally – and growth is fastest in countries like Bhutan and Nepal

For the first time, renewables have toppled coal as the world’s leading source of electricity, in keeping with International Energy Agency projections for this historic shift.

The Conversation

PM fast tracks £300m for offshore wind in push for clean energy investment

The announcement comes as the UK Government and International Energy Agency hosts a summit on the future of energy security.

The Independent UK

‘Energy security’ is being used to justify more fossil fuels – but this will only make us less secure

The UK government is about to host a summit with the International Energy Agency (IEA) on the future of energy security. It does so as the world grapples with war, geopolitical realignments and trade barriers, against a backdrop of accelerating climate upheavals. One of the expected outcomes of this summit…

The Conversation

Coming Winter 'Sternest Test Yet' For Ukraine Energy Grid

The coming winter will prove the "sternest test yet" for Ukraine's energy grid, the International Energy Agency said on Thursday, as the EU announced additional aid to help the country weather Russia's attacks on its power infrastructure.

International Business Times

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At international energy conference, delegates push to make clean cooking accessible to all

Discussions on how to scale up resources to deliver efficient and affordable clean cooking to all are on the table at the 9th Annual Global Conference on Energy Efficiency by the International Energy Agency

The Independent UK

Electric and hybrid car sales to rise to new global record in 2024

International Energy Agency says 17m vehicles will be sold this year, up more than 20% compared with 2023

The Guardian - UK

Many of the U.S. Banks Funding Coal Have an Unusual Carve-Out

They will still directly fund coal plants that are taking steps to abate their emissions using the untested technology.

Capital & Main

Trade Barriers Can Slow Energy Transition: IEA Chief

Trade barriers can slow the world's energy transition but commerce also needs to be fair, International Energy Agency chief Fatih Birol said Wednesday, as world powers tussle over the technologies key to fighting climate change.

International Business 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, the Proven Path Out of Energy Poverty - Roll Call

What No One Seems to Know About Coal As advanced nations pursue the glittering dream of transitioning to alternative forms of energy–issuing calls and challenges for the rest of the world to join the parade–the one constant that got us here in the first place has been unfairly slandered and…

Roll Call

Current fossil fuel use makes UN climate targets 'very difficult' to achieve, says IEA

The International Energy Agency warned Tuesday that energy policies must evolve if global warming is to be limited to 1.5 degrees Celsius, saying fossil fuel use is still "far too high".

Radio France Internationale

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WEKU

Global shift to clean energy means fossil fuel demand will peak soon, IEA says

Fossil fuel demand will peak and renewable energy will grow rapidly in coming years, according to an International Energy Agency report.

Radio France Internationale

Climate summit in Madrid seeks to revive 1.5C warming target

Spain and the International Energy Agency were on Monday hosting an international climate and energy summit in Madrid aimed at forming a grand coalition to keep the 1.5C warming target within reach.

The Independent UK

Paris Agreement target still alive thanks to clean energy growth, says IEA

Trillions of dollars of investment in clean power is needed this decade to accelerate its growth, the agency has set out in a new report.

The Independent UK

Tory policies left UK exposed to energy shocks – Labour

The International Energy Agency data shows that in 2021 the UK had the highest average domestic electricity price among several countries.

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The Guardian - AU

Woodside has huge plans to drill for oil and gas – and to meet its climate targets. How does it do it?

Fossil fuel company ‘aims to thrive through the energy transition by building a low-cost, lower-carbon, profitable, resilient and diversified portfolio’

Radio France Internationale

Developing countries need €2 trillion for clean energies to meet climate goals- IEA

The International Energy Agency (IEA) has said that financing for clean energy in developing and emerging economies – excluding China – must increase seven-fold within a decade if global warming is to be capped at tolerable levels

The Hindu

Data | Clean energy funds rise, but mostly in China, Europe, U.S.

The latest report by the International Energy Agency, ‘World Energy Investment 2023,’ shows that investment in clean energy has increased in recent years, with the transition mainly fuelled by Electric Vehicles (EVs) and renewable power.

Radio France Internationale

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…

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.

Newsroom.co.nz

How to bring back passenger trains

If we followed the International Energy Agency’s global study, we would need only invest about $700m a year – not a large sum relative to the total transport system, says Robert McLachlan

Asharq Al-Awsat

Oil Steady as Market Awaits China GDP Data

Oil prices were steady on Monday as investors eyed Chinese economic data for signs of demand recovery in the world's second-largest oil consumer. Brent crude futures nudged 7 cents lower to $86.24 a barrel by 0746 GMT, while US West Texas Intermediate crude was at $82.47 a barrel, down 6…

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