With the pathway set out in its Roadmap to Net Zero by 2050 – published in May – providing an integral part of the analysis, the IEA says the WEO 2021 is designed to serve as a handbook for the COP26 climate change conference in Glasgow “at this vital moment …
Read More »IEA Chief Pleads for Real Global Action on Climate
As head of the organisation that advises countries on energy policy, Fatih Birol has a blunt message to governments ahead of a crucial climate summit: He wants “real global action”, not just words. “I want to see a plan,” Birol, the executive director of the International Energy Agency, told AFP. …
Read More »IEA Chief: Don’t Blame Renewables for Europe’s Energy Crunch
The energy squeeze in Europe has nothing to do with the continent’s energy transition plans, the head of the International Energy Agency Fatih Birol told the European Parliament’s energy and environment committees. “It is inaccurate and unfair to explain these high energy prices as a result of clean energy transition …
Read More »IEA Head Birol Named Among Top Influencers
Fatih Birol, the head of the International Energy Agency (IEA), has been named one of the most influential 100 persons of 2021 by Time, a political magazine based in New York City, United States. Birol, 63, who has been the executive director of the agency since 2015, is the only …
Read More »Big Oil Needs to Cut Production by 50% to Hit Climate Targets
The world’s largest listed oil companies will have to cut production by at least 50 per cent over the next decade if the world is to limit global warming to 1.5 degrees as per the Paris climate accord, influential climate think tank Carbon Tracker has warned. In a new report, …
Read More »No Energy Company will be Unaffected by Clean Energy Transitions
The International Energy Agency (IEA) has released a peer-reviewed report today, focussed on the efforts of oil and gas companies to reduce their environmental footprints, concluding that companies’ failure to address growing calls to reduce greenhouse gas emissions could threaten their long-term social acceptability and profitability. The International Energy Agency …
Read More »Hydropower Growth on Track for Big Slowdown
The growth of hydropower plants worldwide is set to slow significantly this decade, putting at risk the ambitions of countries across the globe to reach net-zero emissions while ensuring reliable energy supplies, said the International Energy Agency (IEA) in a new report. Global hydropower capacity is expected to increase by …
Read More »Oman, IEA to Host Ministerial Dialogue on Clean Energy
Oman’s Ministry of Energy and Minerals and the International Energy Agency (IEA) will organise a Ministerial Dialogue on September 9 to explore ways to leverage clean energy transitions to ensure broader economic resilience. The Ministerial Dialogue – which will be co-hosted by Oman’s Minister of Energy and Minerals Mohammed bin …
Read More »Renewable Energy to Account for 40% of Global Power by 2030
Strong government policies and financial support will see renewable energy account for nearly 40% of the world’s power mix by the end of this decade, according to research by GlobalData. In a new report, the data and analytics firm highlights how increasing investment in solar and wind plants, and new …
Read More »IEA Net-Zero Roadmap has No Place for Further Oil & Gas Exploration
In the IEA’s “net-zero emissions by 2050 scenario”, fossil fuels make up slightly more than one-fifth of total energy supply, down from almost four-fifths today. Supplies would become increasingly concentrated with a small number of low-cost producers. OPEC’s share of a much-reduced global oil supply grows from around 37% in …
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