World Set for Cheaper Energy on Shift From Oil and Gas, IEA Says
Breadcrumb Trail LinksPMN BusinessThe world is heading into an era of cheaper energy prices as a shift towards electricity use leaves behind surpluses of oil…
Transformation of global energy sector to meet COP28 goals ‘feasible’: IEA | Renewable Energy News
Meeting renewable energy and efficiency targets requires a huge push to boost storage capacity and grid connections.Tripling renewable energy capacity and doubling energy efficiency by…
Major Oil Surplus Seen This Decade as Demand Peaks, IEA Says
Breadcrumb Trail LinksPMN BusinessGlobal oil markets face a “major” surplus this decade as the shift away from fossil fuels causes demand to hit a plateau…
COP28 pledges so far not enough to limit warming to 1.5C, warns IEA | Climate Crisis News
The International Energy Agency warns against lack of progress in limiting the global warming as climate talks headed into the final phase. A raft of…
IEA head: Oil, gas producers must play bigger role in reaching climate goals
Fatih Birol, executive director of the International Energy Agency, is shown speaking at conference in Oslo, Norway, on Tuesday. Birol has called on fossil fuel…
Flagship IEA energy efficiency conference set for Nairobi in May 2024
The International Energy Agency (IEA) Executive Director Dr Fatih Birol and Kenya’s Minister of Energy and Petroleum Davis Chirchir today confirmed plans to host the IEA…
Saudi Arabia’s Production Cuts Threaten a Surge in Oil Price Volatility, IEA Warns
Oil supply cuts by Saudi Arabia and Russia will create a “significant supply shortfall” and threaten a renewed surge in price volatility, the International Energy…
Market for clean energy minerals surges to $320bn: IEA | Energy News
The market remains vulnerable to volatile prices, supply chain snarls and geopolitical tensions despite soaring demand. The market for the minerals crucial to the clean…
Desperate need for clean energy surge in the Global South: IEA | Climate Crisis News
Financing for clean energy in developing and emerging economies, excluding China, must increase seven-fold within a decade if global warming is to be capped at…
Global solar power investment set to overtake oil spending for first time, International Energy Agency says
Investment in clean energy will extend its lead over spending on fossil fuels in 2023, with solar projects expected to outpace outlays on oil production for the first…
Paris-based IEA says a supply-side deficit in oil could emerge
1/2 The Paris-based International Energy Agency said Friday that OPEC supply cuts will not be meet by gains from other producers, suggest a supply-side deficit…