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The Latest Breaking News from International Energy Agency

Global fossil fuel subsidies almost doubled in 2021, analysis finds

Support amid huge industry profits is a ‘roadblock’ to tackling climate crisis, says International Energy Agency

The Guardian - UK

World EV road trip reveals an Australian market in the slow lane

Longtime electric vehicle researcher hits the road in four countries to discover the cost Australia is paying for almost a decade of inaction

The Guardian - AU

Federal government approves two new offshore greenhouse gas storage areas off WA and NT

The federal government issues permits for two new offshore greenhouse gas storage areas, off the coast of Western Australia and the Northern Territory.

ABC News

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It’ll be impossible to replace fossil fuels with renewables by 2050, unless we cut our energy consumption

Energy consumption – whether its heating your home, driving, oil refining or liquefying natural gas – is responsible for around 82% of Australia’s greenhouse gas emissions.

The Conversation

Cheaper, Changing and Crucial: The Rise of Solar Power

Generating power from sunlight bouncing off the ground, working at night, even helping to grow strawberries: solar panel technology is evolving fast as costs plummet for a key segment of the world's energy transition. The International Energy Agency says solar will have to scale up significantly this decade to meet…

Asharq Al-Awsat

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

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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

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

Supply risks still haunt market despite high oil prices: IEA

Paris (AFP) - High oil prices have yet to dampen demand which is set to continue rising and may soon outstrip supply, the International Energy Agency warned Wednesday.

AFP

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

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

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Tribune News Service

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.

The Independent UK

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

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Benzinga

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

AFP

Africa needs $25 bn a year for full electricity access: IEA

Paris (AFP) - The number of Africans with access to electricity fell during the Covid pandemic, but $25 billion in annual investments could bring full coverage by 2030, the International Energy Agency said Monday.

ABC News

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.

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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