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The Latest Breaking News from IEA

Renewable energy capacity additions to hit record: IEA

Renewable power capacity will grow by a record number this year as high fossil fuel prices and energy security concerns fuelled the deployment of solar and wind systems, the International Energy Agency said Thursday.

Radio France Internationale

Asking us to keep food prices down won’t work, retailers warn Rishi Sunak

British Retail Consortium rejects No.10 plans for voluntary price caps

The Independent UK

Retailers hit out at plans for voluntary price caps on some foods

Downing Street is understood to be drawing up proposals to charge the lowest possible amount for some basic products.

The Independent UK

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Barclay: Plans for price caps on food staples have ‘no element of compulsion’

Downing Street is understood to be drawing up proposals that would seek to get retailers charging the lowest possible amount for some basic products.

The Independent UK

Energy majors go slow on green transition despite pressure

Paris (AFP) - Most oil majors are stepping up investment in green energy amid rising activist pressure but without abandoning fossil fuels, putting at risk reaching carbon neutrality in 2050.

AFP

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…

Radio France Internationale

Solar investment outshines oil: IEA

Paris (AFP) - Investment in solar power is expected to overtake oil for the first time this year as clean energy spending outpaces that for fossil fuels, the IEA said in a report Thursday.

AFP

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IEA: Shift to clean energy accelerating, but coal investments too high to meet climate goals

The International Energy Agency says energy security concerns and policy support from rich countries are speeding up reliance on clean energy, but investments in coal power are on course to be nearly six-times beyond what is needed for the world to meet targets for achieving “net zero” carbon emissions

The Independent UK

Russia-Ukraine war: Belarus says transfer of nuclear weapons from Russia has begun – as it happened

Comments from Alexander Lukashenko, Belarusian president, come as Russia and Belarus sign new deal for storage of nuclear weapons

The Guardian - AU

Invasion of Ukraine ‘has fuelled funding boom for clean energy’

International Energy Agency says investment will hit $1.7tn this year, well ahead of fossil fuels

The Guardian - UK

How the Australian gas industry’s audacious net zero claims stack up – explainer

Peter Dutton recently told fossil fuel executives ‘the road to net zero emissions … is one we can only travel with gas’

The Guardian - AU

Cop28 host UAE’s approach is ‘dangerous’, says UN’s ex-climate chief

Christiana Figueres says focus on carbon capture is direct threat to survival of vulnerable countries

The Guardian - UK

New Study: Nuclear Power Is Humanity's Greenest Energy Option

Land-hungry biomass, wind, and solar power are set to occupy an area equivalent of the size of the European Union by 2050.

Reason

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.

InsideEVs

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Bangkok Post

Global gas markets will remain tight in 2023 – IEA

LONDON: Global gas markets are gradually rebalancing but are expected to remain tight in 2023 amid lower Russian pipeline gas deliveries to Europe, the International Energy Agency (IEA) said on Thursday.

StockNews.com

3 Stocks Committed to Renewable Energy: Should You Buy, Sell, or Hold?

Amid the renewable energy sector's accelerated progress due to the global energy crisis, various economic and geopolitical headwinds could hinder its progress. Given this, which of the three sector-committed stocks, General Motors (GM), NextEra Energy (NEE), and Hannon Armstrong (HASI), should investors buy, sell, and hold? Let’s find out….

Asharq Al-Awsat

OPEC: We Do Not Target Oil Prices, IEA Should be 'Very Careful'

The International Energy Agency (IEA) should be "very careful" about discouraging investment in the oil industry, which was vital for global economic growth, announced OPEC Secretary General Haitham al-Ghais. Ghais warned that such statements could lead to oil market volatility in the future. He said that the Organization of the…

ABC News

Electric vehicles 14 per cent of global new car sales, but less than 4 per cent in Australia: IEA

The latest snapshot of global EV uptake shows "explosive" growth in sales in China, Europe, the US and the UK, while Australia is at risk of being left behind.

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The Conversation

Global economic uncertainty means oil prices -- and your fuel bill -- will continue to surprise this year

Oil prices have confounded expectations in the first quarter of 2023. Brent – a major global benchmark – hit a low of US$72 (£58) a barrel on March 17, while the world’s other main benchmark, WTI, dropped to less than US$66 a barrel. This is a far cry from the…

The Guardian - UK

I’m a Tory MP, but I can’t let ministers trash our net zero pledge with the Rosebank oilfield

It would be able to produce 500m barrels, exceeding our carbon budgets for the oil and gas industry. It will also make the UK poorer, says Chris Skidmore, chair of the Net Zero Review

Crikey

Fewer Kiwis given the boot

Fewer New Zealanders have had their visas cancelled on character grounds since Labor was elected, and independent Senator Lidia Thorpe accuses Prime Minister Anthony Albanese of being part of a “racist and misogynistic narrative” that is used to silence First Nations peoples.

Fortune

Johnson Controls CEO: ‘Humanity has 7 years to cut global emissions by half–but we can decarbonize buildings ahead of schedule’

Buildings are responsible for 40% of global emissions–but we know how to decarbonize them profitably, writes Johnson Controls CEO George Oliver.

Asharq Al-Awsat

G7 Coalition to Keep Russian Oil Price Cap at $60

The Group of Seven (G7) coalition will keep a $60 per barrel price cap on seaborne Russian oil, a coalition official said, despite rising global crude prices and calls by some countries for a lower price cap to restrict Moscow's revenues. The G7 and Australia made the decision to maintain…

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…

The Guardian - UK

Global oil demand on course for record as China’s economy rebounds

International Energy Agency’s expectation for 2023 is 2m bpd higher than last year’s figure

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