Tag Archives: Fatih Birol

A new report by the International Energy Agency (IEA) has found that global energy demand is only expected to rebound to its pre-Covid levels by early 2023, if the pandemic is not prolonged. The IEA said that in the event of a prolonged pandemic, global energy demand would only rebound …

Refiners face an existential crisis as the growing divergence between refining capacity and demand for refined products will intensify sharply in the next two decades, the International Energy Agency said Oct. 13. More than 6 million b/d of new capacity will come online from now to 2025, but demand will …

Solar output is expected to lead a surge in renewable power supply in the next decade, the International Energy Agency said, with renewables seen accounting for 80% of growth in global electricity generation under current conditions. In its annual World Energy Outlook on Tuesday, the IEA said in its central …

The world’s most authoritative body of energy analysts, the International Energy Agency, has found in its annual flagship report that the world is headed toward global warming higher than the Paris Agreement’s most aggressive limit of 1.5°C. The agency, long known for its expertise in fossil fuels, lays out a …

The Covid-19 pandemic has led to the largest drop in global energy investment in history, with spending expected to plunge in every major sector this year, the International Energy Agency says in a new report. “The unparalleled decline is staggering in both its scale and swiftness, with serious potential implications …

Solar PV is to become Europe’s leading source of power within the next five years, International Energy Agency (IEA) chief Fatih Birol has said. Speaking at SolarPower Europe’s SolarPower Summit, held virtually this year, Birol, executive director at the IEA, teased new details to be released in this year’s World …

A new International Energy Agency (IEA) report, launched at an event opened by Norwegian Prime Minister Erna Solberg, shows carbon capture, utilisation and storage (CCUS) can play vital roles of both reducing emissions and removing carbon from the atmosphere. After years of slow progress, technologies to capture carbon emissions and …

The Netherlands is taking a well-balanced approach to its plans for a rapid transition to a carbon-neutral economy that will support strong growth and energy security, according to a new energy policy review by the International Energy Agency. To drive this ambitious shift, the Netherlands has focused its energy and …

The B20 – which represents the global business community within the Group of 20 (G20) countries – and the International Energy Agency (IEA) have called on political and industry leaders in the global forum to seize the “unique opportunity” presented by the coronavirus pandemic to put in place policies that …

Global oil demand may have already peaked, according to BP’s latest long-term energy outlook, as the COVID-19 pandemic kicks the world economy onto a weaker growth trajectory and accelerates the shift to cleaner fuels. Demand for oil will be the biggest casualty over lower energy demand in the coming three …