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 …
Read More »IEA: The World Needs to Build on Growing Carbon Capture Momentum
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 …
Read More »The Netherlands Is well Prepared to Reduce CO2 Emissions
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 …
Read More »G20 must Seize Covid-19 ‘Unique’ Chance to Supercharge Global Energy Transition
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 …
Read More »Global Oil Demand may have Peaked as Pandemic Fallout Hits Fossil Fuels
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 …
Read More »IEA Sees Lower Oil Demand in 2020, 2021 on Upsurge of Coronavirus Cases and Stalling Mobility
The International Energy Agency lowered its global oil demand forecasts for the first time in several months on Thursday, as the number of Covid-19 infections remains high and amid ongoing weakness in the aviation sector, reports CNBC. In a closely-watched monthly report, the IEA said it now sees global oil …
Read More »Oil Prices Ease after OPEC, Allies Agree to Taper Oil Supply Curbs
Oil prices eased on Thursday after OPEC and allies such as Russia agreed to taper record supply curbs from August, though the drop was cushioned by hopes for a swift U.S. demand pick-up after a big drawdown from the country’s crude stocks. Brent crude LCOc1 fell 27 cents, or 0.6%, …
Read More »IEA to Help Indonesia Accelerate the Energy Transition
In Indonesia, the Ministry of Energy has partnered with the International Energy Agency (IEA) to accelerate the uptake of renewable energy in the country. The ministry and IEA are partnering with utility PT Perusahaan Listrik Negara (PLN Persero) to launch a new joint project on electricity and renewable energy. The …
Read More »Most Technologies Needed to Achieve Net-Zero aren’t yet Mature
Some 75% of the emissions reductions necessary to meet net-zero are dependent on technologies which have not yet reached commercial maturity, new analysis from the International Energy Agency (IEA) has found. EURACTIV media partner, edie.net, reports. The Agency’s clean energy innovation report warns that net-zero targets, which now cover half …
Read More »IEA: Huge Acceleration of Clean Energy Innovation Needed to Meet Net Zero Target
A global goal to achieve net zero carbon emissions by 2050 will not be met without a huge acceleration in clean energy innovation, the International Energy Agency (IEA) said on Thursday. The 2015 Paris Agreement set a target to curb global warming and reach net zero emissions in the second …
Read More »
Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel