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The Latest Breaking News from International Energy Agency

Climate crisis ‘insufficient’ to halt oil and gas exploration, says New Zealand government

Despite declaring a climate emergency, government is in court defending decision to issue fossil fuel prospecting permits in Taranaki

The Guardian - AU

Westpac’s climate targets blasted by activists despite tougher stance on fossil fuels

Bank tightens rules on financing coal, oil and gas projects but environmental groups say it’s not enough

The Guardian - AU

Can electric vehicle batteries be recycled?

Between 2000 and 2018, the number of lithium-ion batteries (LIBs) manufactured was multiplied by 80. In 2018, 66% of them were used in electric vehicles (EVs). The planned development of electric mobility will increase demand for batteries, with the International Energy Agency estimating that between 2019 and 2030, battery demand…

The Conversation

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Ukraine signs association pact with U.S.-aligned energy watchdog

Ukraine joined the U.S.-aligned International Energy Agency as an association country on Tuesday, the watchdog said, binding Kyiv closer to the mostly Western countries which oppose Russia's invasion.

Reuters

Ukraine finalizes ties to IEA as both foresee hard winter

Ukraine has become an association country of the International Energy Agency

The Independent UK

Motorway speed limit must be reduced and driving on Sundays BANNED to lower petrol price

The International Energy Agency has shared some radical new ideas in its 10-point plan for Britain to cut its reliance on oil as petrol prices have soared in the UK in recent weeks

Daily Mirror

Australia could see a solar cell ‘renaissance’ if global supply chain is diversified

International Energy Agency report finds China controls the bulk of world’s PV manufacturing

The Guardian - AU

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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

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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The Conversation

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 Guardian - UK

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

Asharq Al-Awsat

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…

Al Jazeera

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.

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The Independent UK

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

Al Jazeera

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.

ABC News

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.

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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