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The Latest Breaking News from the International Energy Agency

Global demand for oil could peak soon – NZ’s plan to revive offshore exploration doesn’t add up

This week’s announcement of the government’s plans to reopen New Zealand’s territorial waters to oil drilling comes as no surprise. All three coalition parties campaigned on reversing the 2018 ban on offshore oil exploration.

The Conversation

World Will Amass 'Major' Oil Surplus By 2030: IEA

The world is likely to have a major surplus of oil by 2030 as production is ramped up while the clean energy transition tempers demand, the International Energy Agency said Wednesday.

International Business Times

World will miss target of tripling renewable electricity generation by 2030 – IEA

Analysis of policies of nearly 150 countries shows shortfall to hit target viewed as vital for transition from fossil fuels

The Guardian - UK

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IEA Warns Of Key Energy Mineral Shortage Risk

The sharp drop in prices for minerals critical to the green energy transition is masking a looming shortage due to inadequate investment, the International Energy Agency said Friday.

International Business Times

Energy summit seeks to curb cooking habits that kill millions every year

Harmful cooking practices result in the deaths of 3.7 million people every year with children and women most at risk.

Al Jazeera

Republican Leaders Launch Probe Into International Energy Agency

Republican leaders in Congress investigate the International Energy Agency for straying from energy security mission and favoring decarbonization policies.

Top News

Methane Emissions From Energy Sector Rose In 2023: IEA

Planet-heating methane released by the fossil fuel industry rose to near record highs in 2023 despite technology available to curb this pollution at virtually no cost, the International Energy Agency said Wednesday.

International Business Times

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Energy-related CO2 emissions hit record levels in 2023, says IEA

Radio France Internationale

‘Energy turmoil’ looms unless demand is checked, says Cop28 president

Sultan Al Jaber, an oil executive, calls for governments to be ‘honest’ about costs involved in transition to net zero

The Guardian - UK

IEA Anniversary Meeting Reflects on Going Green at 50

The International Energy Agency (IEA) anniversary meeting discussed the organization's climate pivot and challenges of going green. Debate on IEA's efforts...

Top News

IEA Warns On Plummeting Oil Stocks

The International Energy Agency warned Thursday of plummeting oil stocks even as global growth in demand loses momentum.

International Business Times

3 Energy Marvels Stocks Bursting With Potential

With geopolitical tensions heating up, supply-demand imbalances, and rising forecasts for natural gas consumption, the energy industry is set for a surge. Considering this, it could be wise to invest in sturdy energy stocks, such as Kinder Morgan (KMI), Unit Corporation (UNTC), and Graham Corporation (GHM), for potential growth. Read…

StockNews.com

King Coal Set To Lose Crown For Electricity Production: IEA

Renewables are set to displace coal as the top source of energy for electricity production globally in 2025, the International Energy Agency said Wednesday.

International Business Times

JSW ropes in Finnish firm Coolbrook to reduce CO2 emission at cement factory in Karnataka

JSW Group has ambitious sustainability targets of reducing its specific CO2 emissions, aligning with the Sustainable Development Scenario of the International Energy Agency and India’s Nationally Determined Contributions.

The Hindu

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International Business Times

World Added 50% More Renewable Energy But More Needed: IEA

The world added 50 percent more renewable energy capacity in 2023 over the previous year but more is needed in the battle against climate change, the International Energy Agency said Thursday.

Top News

Renewable Energy Boasts Record Growth, Driven by Solar and Wind

The International Energy Agency reports that renewable energy experienced its fastest growth in 25 years, driven primarily by solar power in China.

The Guardian - UK

Climate scientists hail 2023 as ‘beginning of the end’ for fossil fuel era

Cautious optimism among experts that emissions from energy use may have peaked as net zero mission intensifies

The Independent UK

The year in clean energy: Wind, solar and batteries grow despite economic challenges

Led by new solar power, the world added renewable energy at breakneck speed in 2023, a trend that if amplified will help Earth turn away from fossil fuels and prevent severe warming and its effects

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Top News

Oil Soars as Dollar Weakens, IEA Boosts Demand Forecast

Oil prices glisten and ascend in response to a softer dollar combined with the IEA's performance-enhancing tweak to global demand estimates.

WEKU

Making oil is more profitable than saving the planet. These numbers tell the story

Major oil companies are under pressure to invest more money in clean energy — but there's a big hurdle: It's still a hell of a lot more profitable to produce fossil fuels.

The Guardian - UK

Why is the phase-out of fossil fuels the biggest flashpoint at Cop28?

The issue dominating the climate talks may appear to be a simple scientific one but is in fact complex and deeply political

France 24

Will COP28 mark the end of the fossil fuel era?

As the UN's annual climate summit gets underway in Dubai, United Arab Emirates, one underlying question is set to top the agenda: can the world finally agree to ditch fossil fuels? Down to Earth takes a closer look.

The Independent UK

Buyers worldwide go for bigger cars, erasing gains from cleaner tech. EVs would help

The energy used by cars and their CO2 emissions could have dropped by over 30% in the past decade if not for the world’s growing taste for SUVs, a new report from the Global Fuel Economy Initiative suggests

France 24

IEA says 'moment of truth' for oil industry ahead of COP28 climate conference

The International Energy Agency has released a report saying that this is a "moment of truth" for the oil and gas industry, which needs to decide on what role it wants to play in the current climate emergency. Also, the German government is facing a budget crisis after the constitutional…

Radio France Internationale

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".

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