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The Latest Breaking News from International Energy Agency

China’s domination of solar a risk to zero-carbon future: IEA

Energy body says world must quadruple the pace at which solar capacity is growing to reach net-zero emissions by 2050.

Al Jazeera

For the first time, US is sending more gas to Europe than Russia

For the first time, the US is supplying more natural gas to Europe than Russia sends by pipelines, according to the International Energy Agency.

Tribune News Service

Qatar Energy to cut emissions as methane movement grows

The state-owned oil and gas company Qatar Energy says it is joining a new industry initiative aiming to reduce nearly all methane emissions from their operations by 2030

The Independent UK

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Cement carbon dioxide emissions quietly double in 20 years

New global data shows that emissions of heat-trapping gases coming from making cement have doubled in the last 20 years

The Independent UK

Government claims Rishi Sunak’s £1.9 billion subsidy for fossil fuels is ‘not technically a subsidy’

Government pledged to phase out fossil fuel subsidies at its own COP26 conference in Glasgow just months ago

The Independent UK

Despite 8% Increase in Energy Investments, Rising Oil Prices Difficult To Tackle: IEA Report

According to the International Energy Agency report, the global energy investment is expected to swell to $2.4 trillion, up 8%, with the anticipat

Benzinga

Gas might be expensive, but biogas comes with its own hidden cost in methane emissions

Compared to fossil fuels including natural gas, biogas — which is made from waste — is a cleaner, greener alternative — but researchers are still worried about emissions.

ABC News

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Eco-friendly tech comes with its own environmental costs: that's why it's vital to cut energy demand now

If we want to keep global temperature rise below 1.5 or even 2℃, we’ll need a monumental shift in how our energy and transport systems work. The International Energy Agency has declared that millions of solar panels, wind turbines and electric vehicles (EVs) will need to be made and deployed…

The Conversation

Russia rakes in nearly $20bn from oil exports in May

Rise in revenues is setback for west’s efforts to hit Russian economy in wake of Ukraine invasion

The Guardian - UK

IEA: Global Oil Demand Set to Rise 2% to New High in 2023

World oil demand will rise more than 2% to a record high of 101.6 million barrels per day (bpd) in 2023, the International Energy Agency said on Wednesday, although sky-high oil prices and weakening economic forecasts dimmed the future outlook. The Paris-based IEA also said in its monthly report supply…

Asharq Al-Awsat

Can MENA countries fight climate change the same way?

With Egypt’s COP27 six months away, experts are calling attention to the MENA region’s transition to clean energy.

Al Jazeera

EXPLAINER: Effects of EU Russia oil ban, Moscow's response

The European Union has agreed to slash Russian oil imports in a tough escalation of the bloc’s campaign of sanctions to punish Russia for its invasion of Ukraine

The Independent UK

Ukraine war: COP26, IEA heads warn of digging in on fossil fuels

Alok Sharma and Fatih Birol say they are hopeful the global hydrocarbon crisis could spur a transition to green energy.

Al Jazeera

Australia Institute disputes Victorian coal-to-hydrogen emissions claims

A think tank says a project to make hydrogen from coal is unlikely to meet its carbon reduction claims. But the criticism has been dismissed by project bosses who say the researchers have their numbers wrong.

ABC News

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The Guardian - UK

Climate chaos certain if oil and gas mega-projects go ahead, warns IEA chief

Fatih Birol says ‘carbon bombs’, revealed in Guardian investigation, will not solve global energy crisis

Asharq Al-Awsat

IEA: Renewable Energy to Grow to New Record in 2022

The world will set a new record for renewable power capacity this year led by solar energy in China and Europe, but growth could lose steam in 2023, the International Energy Agency said Wednesday. A record 295 gigawatts of new renewable power capacity was added in 2021 despite supply chain…

Bangkok Post

Time to offset carbon footprint

In early 2020, the world faced an unprecedented situation as Covid-19 struck globally, placing most countries under lockdown and resulting in significant alteration of many government policies on energy demand, especially on the transport sector.

Benzinga

President Biden Did Not Consult Global Energy Partners Before Its Massive Reserve Release: Reuters

The International Energy Agency members have become worried that U.S.

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Los Angeles Times

Commentary: How heat pumps can help save Ukrainians from Putin and the rest of us from climate change

Heat pumps aren’t usually considered war-fighting materiel, but these heating-and-cooling appliances could be almost as crucial to the defense of Ukraine as anti-tank and anti-aircraft missiles.

The Independent UK

Russian war, China lockdowns roil oil markets as OPEC+ meets

Oil markets have been fluctuating over fears of lost supplies from Russia because of the war in Ukraine

Salon

Will Big Oil face another reckoning?

The new season of shareholder climate demands has begun

Asharq Al-Awsat

Iraq Was Pressured to Increase Oil Output Away from OPEC, Says Oil Minister

Iraq was pressured to increase its oil production outside the remit of OPEC's policy on output, Oil Minister Ihsan Abdul Jabbar said on Saturday. He also told Al Hadath TV that OPEC was committed to providing the oil supplies needed to compensate for any shortages. OPEC has resisted calls by…

Benzinga

Here's Why Camber Energy Shares Are Rising

Shares of oil, energy and oil services companies, including Camber Energy Inc (NASDAQ: CEI), are trading higher as oil prices gain. While the International Energy Agency reported a larger-than-expected build in US crude inventories, supply constraints continue to drive prices higher.

Benzinga

IEA Marginally Cuts Global Oil Demand Forecast On Mired Outlook Due To China COVID-19 Lockdown, Russia-Ukraine War: FT

The International Energy Agency (IEA) has lowered its global oil demand forecast amid surging coronavirus cases in China and weaker than expected demand in the U.S. and other developed countries.

Newsroom.co.nz

NZ bolsters emergency oil stocks backed by offer of Marsden Point storage

New Zealand pre-ordered more oil stocks just before Russia invaded Ukraine, which have increased government reserves this month – at a critical time.

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