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The Latest Breaking News from the International Energy Agency

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 Guardian - 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

The Independent UK

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.

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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.

WEKU

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

The Guardian - UK

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.

France 24

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

The Independent UK

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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…

France 24

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

India's demand for electricity for ACs to exceed total power consumption of Africa: IEA

“India’s demand for electricity for running household air-conditioners is estimated to expand nine-fold by 2050 and will exceed total power consumption in the whole of Africa today,” the International Energy Agency (IEA) said on October 24.

The Hindu

Sunak faces further pressure over net zero U-turn after IEA warning

Energy watchdog says countries risks fuelling climate crisis and damaging their economies by rowing back on green policies

The Guardian - UK

Robert Priddle obituary

Other lives: Senior civil servant who finished his career as managing director of the International Energy Agency

The Guardian - UK

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.

Radio France Internationale

Diversifying supply of critical minerals a 'major challenge' in going green, IEA says

Hosting a summit on critical minerals in Paris on Thursday, the International Energy Agency said the "major challenge" countries faced was ensuring more diverse supplies and the recycling of metals. Elements like lithium, nickel and cobalt are key for governments hoping to make the green switch as they are needed…

France 24

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The Conversation

The green energy surge still isn't enough for 1.5 degrees. We'll have to overshoot, adapt and soak up carbon dioxide

It was a rare bit of good news on climate. The International Energy Agency this week released its latest net zero roadmap, showing it was still just possible to hold global heating to 1.5℃.

Salon

EVs have a tire-shredding problem

The tiny fragments that tires release into the environment are yet another reason to reduce car use

Radio France Internationale

Rich nations, China must accelerate to improve net zero targets: IEA

Rich and developing nations alike must sharply improve their net-zero targets, the International Energy Agency said Tuesday, warning that a clean energy surge was the main reason the world's climate goals are still within reach.

Barchart

Tight Global Supplies Boost Crude Prices

November WTI crude oil (CLX23 ) on Friday closed up +0.40 (+0.45%), and Nov RBOB gasoline (RBX23 ) closed down -5.62 (-2.19%). Nov WTI crude oil and gasoline prices on Friday settled mixed, with gasoline falling to a 2-week low. A rally in the dollar index today to a 6-1/2...

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Barchart

Crude Prices Gain on Dollar Weakness and Strong Chinese Economic News

October WTI crude oil (CLV23 ) this morning is up +0.36 (+0.40%), and Oct RBOB gasoline (RBV23 ) is down -2.81 (-1.02%). Crude oil and gasoline prices this morning are mixed, with crude climbing to a 10-month high. Dollar weakness today is supportive of energy prices. Also, stronger-than-expected economic reports...

France 24

Africa Climate Summit seeks changes to global financial architecture

According to the International Energy Agency, global investment will need to surge to $2 trillion a year within a decade to reach the Paris climate agreement goals. One of the hurdles to financing the green transition in Africa is ballooning debt. A new paper by the Debt Relief for a…

Barchart

Crude Settles Higher as the IEA Sees Record Global Crude Consumption

September WTI crude oil (CLU23 ) on Friday closed up +0.37 (+0.45%), and Sep RBOB gasoline (RBU23 ) closed up +6.02 (+2.07%). Crude oil and gasoline prices Friday posted moderate gains. Crude prices rose Friday after a monthly report from the International Energy Agency (IEA) said global oil demand has...

Barchart

Crude Pushes Higher as the IEA Sees Record Global Crude Consumption

September WTI crude oil (CLU23 ) this morning is up +0.65 (+0.78%), and Sep RBOB gasoline (RBU23 ) is up +4.87 (+1.68%). Crude oil and gasoline prices this morning are moderately higher. Crude prices are climbing after today's monthly report from the International Energy Agency (IEA) said global oil demand...

The Guardian - UK

Billionaire investor threatens to pull out of UK amid global outcry at new oil rush

Australian mining entrepreneur Andrew Forrest criticises ‘clickbait’ fossil fuel plans as others say Britain has lost credibility

The Independent UK

India sets sights on home-mined minerals to boost its clean energy plans

Indian officials, including at Wednesday’s Group of Twenty ministerial talks on clean energy, want the country to expand its critical mineral mining operations and make its own clean energy infrastructure from start to finish

The Guardian - AU

Australian sea dumping law changes condemned amid warnings of gas industry expansion

Greens and environmentalists say legislation introduced to parliament by Tanya Plibersek could facilitate new fossil fuel projects

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