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The Latest Breaking News from the International Energy Agency

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

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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 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℃.

The Conversation

EVs have a tire-shredding problem

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

Salon

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.

Radio France Internationale

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...

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...

Barchart

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…

France 24

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

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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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The Conversation

Why Labour is right to stop future UK oil and gas development

The Labour Party has announced that it intends to stop the development of any new oil and gas fields in UK territory if it forms the next government.

The Week

Has the world finally reached ‘peak oil’?

The International Energy Agency (IEA) says global oil demand will slow “markedly” in the coming years and a peak is “on the horizon”.

The Guardian - UK

Peak in global oil demand ‘in sight before end of decade’

International Energy Agency says demand will grow by 2.4m barrels a day in 2023 to record 102.3m

The Conversation

LPG is a fossil fuel. Experts explain why it's still Africa's best option for cleaner, greener cooking (for now)

Africa’s growing population desperately needs clean, modern energy in the home. Currently, more than 900 million people, 85% of the region’s population, still rely on solid biomass fuel (like wood and charcoal) and kerosene for cooking. These energy sources are highly polluting, inefficient and unsafe.

France 24

Power-thrift: World makes progress in energy efficiency

In the wake of an energy crisis triggered by Russia’s war in Ukraine, the world has become a lot more energy efficient, according to a new study. Are we seeing a permanent, global shift in energy transition? Yuka Royer speaks with Fatih Birol, the head of the International Energy Agency.

The Independent UK

Leaders gather in Paris to accelerate wringing more out of every ounce of fuel

As 30 environment and trade ministers, and 50 CEOs gather in Paris for the 8th international conference on energy efficiency, the International Energy Agency is taking stock

The Hindu

Data | Clean energy funds rise, but mostly in China, Europe, U.S.

The latest report by the International Energy Agency, ‘World Energy Investment 2023,’ shows that investment in clean energy has increased in recent years, with the transition mainly fuelled by Electric Vehicles (EVs) and renewable power.

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