The Latest Breaking News from IEA

Cutting greenhouse gases from steelmaking

The Tesla and SpaceX founder might actually be right, but the world is still expected to be using a lot of oil even by the middle of the century.

Paris (AFP) - The world is at the "dawn of a new industrial age" of clean energy technology manufacturing that will triple in value by 2030 and create millions of jobs, the International Energy Agency said on Thursday.

Call it the Putin effect: Russia’s war is speeding up the global shift away from fossil fuels

The year 2022 was a tough one for the growing number of people living in food insecurity and energy poverty around the world, and the beginning of 2023 is looking bleak.

In a year marked by record-smashing floods, fires, heatwaves and droughts, the urgent need to act on climate change has never been more apparent. And yet, the International Energy Agency (IEA) has found coal burning for electricity generation will reach record levels this year.

Global coal use will rise 1.2% this year to just over eight billion tons, according to the International Energy Agency.

Decline seen as evidence that western efforts to choke off the Kremlin’s earnings are working

Stock futures bump higher ahead of Fed rate decision; Fed 'dot plots' in focus as markets lock bets on 50 basis point hike; IEA report sees firming oil demand in 2023 as China reopens; Tesla shares extend biggest drawdown on record and Binance says deposits returning but Bankman-Fried arrest rattles…