Tag Archives: International Energy Agency (IEA)

Global coal-generated power demand is expected to hit record highs this year, threatening the world’s net-zero targets aimed at cutting greenhouse gas emissions, the International Energy Agency (IEA) said. Power generation from coal globally is expected to jump by 9 per cent in 2021 to an all-time high of 10,350 …

The European Union (EU) is reportedly reconsidering its position on extending long-term natural gas contracts beyond 2049 as part of reforms in its natural gas market to meet the net-zero by 2050 goal. Should the European Commission’s proposal be endorsed by EU heads of state and government this week, putting …

The Omicron coronavirus variant will slow the recovery in global demand for oil but the market will be “more comfortable” in 2022, the International Energy Agency said on Tuesday. The oil market “appears to stand on a better footing than it has for some time,” the IEA wrote in its …

The Energy Efficiency Hub – a global platform for collaboration aimed at delivering the social, economic and environmental benefits of more efficient use of energy – has been launched at an event hosted at the International Energy Agency (IEA) in Paris. The Hub’s initial 16 members are Argentina, Australia, Brazil, …

A record volume of renewable energy is expected to come online in 2021, with 290 gigawatts of new capacity. That surpasses 2020’s record, when renewables accounted for all of the new electricity capacity installed worldwide. Renewables have grown quickly in recent years, but are now entering a faster phase of …

The head of the world’s leading energy authority has said that some countries had failed to adopt a helpful position to calm soaring oil and gas prices, criticizing “artificial tightness” in energy markets. ″[A] factor I would like to underline that caused these high prices is the position some of …

A global energy crunch is expected to boost oil demand by half a million barrels per day (bpd) and could stoke inflation and slow the world’s recovery from the COVID-19 pandemic, the International Energy Agency (IEA) said on Thursday. Oil and natural gas prices have soared to multiyear highs recently, …

A global transition to “clean energy” is still far too slow to meet climate pledges and risks fueling even greater price volatility, the International Energy Agency (IEA) said yesterday. “We are not investing enough to meet future energy needs and the uncertainties are setting the stage for a volatile period …

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 …

The global demand for oil will eventually start to decline in the long-term perspective under any scenario of de-carbonization of national economies, the International Energy Agency (IEA) said in its World Energy Outlook 2021, obtained by TASS. The report offers three basic scenarios for the global energy sector, with various …