IEA: Renewable energy is gaining more ground worldwide
The percentage of renewable energy used globally would increase by 50% over the next five years, determined by the expansion…
IEA: Huge oil glut coming in 2020
The oil market saw a rather significant surplus in the first half of 2019, much larger than previously expected. Looking…
IEA rings alarm bell on phasing out nuclear energy
A steep decline in nuclear energy capacity will threaten climate goals and power supply security unless advanced economies find a…
Global energy investments rebound, thanks to fossil fuels
Global energy investments stabilized last year after three years of decline, due to greater spending on oil, natural gas and…
Investment in renewables must double to reach Paris goals
The world must double spending on renewable power and slash investment in oil and coal by 2030 to keep the…
Iraq will deliver third-biggest chunk of new oil over next decade, IEA
Iraq will be the third-biggest provider of new oil supplies over the next decade, boosting its production by almost 30…
Private players plug in to the green energy revolution
More than $2.3tn of annual investment in the energy sector is needed to meet the “sustainable development” conditions that will…
IEA: Clean energy is surging, but not fast enough to solve global warming
Over the next two decades, the world’s energy system will undergo a huge transformation. Wind and solar power are poised…
Global carbon emissions to hit new record in 2018, IEA says
Global carbon emissions will rise to a new record level in 2018, making the chances of reaching a target to…
”Expensive energy is back”— and it’s threatening the global economy, IEA warns
The International Energy Agency (IEA) is concerned about a dramatic upswing in energy prices, according to its latest monthly report,…
Investment in energy fell again in 2017, raising fresh concerns about security and climate change
The amount of money flowing into the energy sector fell for a third straight year in 2017, raising concerns about…
World demand for air conditioning is expected to triple over the next 30 years
Heating and cooling takes up half the European Union’s energy consumption but it is often radiators and heaters that hog…
World not on track to meet 2030 energy targets for sustainable development
The world is falling behind the pace required to meet global energy targets for 2030, with 1 billion people still…
BP confesses ‘mistake’ in forecasting renewable energy growth
When oil and gas major BP published its 2018 Energy Outlook last February, the group’s chief executive underlined in the…
Clean energy investment grows, but global CO2 emissions reach new record high
In its State of Clean Energy Investment report, Bloomberg New Energy Finance (BNEF) finds global investment in renewable energy grew…
Rising energy demand fuels increase in global carbon emissions
China and India helped push global demand for energy up more than 2 per cent last year, more than twice…
US will overtake Russia as top oil producer by 2019, says the International Energy Agency
The United States will overtake Russia as the world”s biggest oil producer by 2019 at the latest, the International Energy…
IEA sees oil markets tightening as Venezuelan output collapses
Global oil markets are tightening quickly on falling supply from Venezuela, which posted 2017’s biggest unplanned output fall and could…
China Is the New World Leader in Renewable Energy
China continues to be an unstoppable force in the realm of renewable energy. A new report released by the Institute…
Saudi Arabia should fear U.S. oil dominance
One of the more important recent developments in global energy is the resurgence of U.S. energy production, thanks in large…