Tag Archives: International Energy Agency (IEA)

The IEA’s Birol stressed in the report that the plan was not intended to tell governments what they must do; instead, it seeks to show them what they can do.

Oil demand is recovering from the greatest fall in its history in 2020, the International Energy Agency (IEA) said on Tuesday, but less flying due to coronavirus fears means the world will not return to pre-pandemic demand levels before 2022. “Our first forecast for 2021 as a whole shows demand …

The natural gas sector must cut emissions of potent greenhouse gas methane to stay relevant in a low-carbon world, International Energy Agency senior energy analyst Christophe McGlade said Tuesday. Energy is the second largest source of methane emissions globally, with oil and gas operations responsible for around 82 million mt …

Global oil consumption hasn’t peaked, the head of the International Energy Agency warned, throwing cold water on hopes the coronavirus will cap demand and reduce climate-changing emissions. “In the absence of strong government policies, a sustained economic recovery and low oil prices are likely to take global oil demand back …

Global additions of wind and solar power capacity are set to fall in 2020 for the first time in 20 years due to the coronavirus crisis, the International Energy Agency said Wednesday. A revised forecast for 143 GW of capacity additions is 26 GW below October’s outlook with approximately 16 …

Global growth in new renewable energy capacity will experience its first annual decline in 20 years this year amid the coronavirus pandemic but is expected to pick up next year, the International Energy Agency said on Wednesday. The world is set to build fewer wind turbines, solar plants and other …

It will take more than a year, and perhaps several, for oil demand to recover to what it was before the coronavirus shuttered economies and caused energy markets to collapse, according to the head of the International Energy Agency. Crude demand of about 100 million barrels a day prior to …

Oil prices keep falling. Nobody could imagine that oil prices would hit their 17-year lows in less than three months.

The April oil market crash will test the determination of majors like Shell and BP, which have recently announced goals to reach net-zero emissions by 2050, according to the International Energy Agency (IEA). “Whether or not their position will change” in the aftermath of the oil market crash “will be …

The executive director of the International Energy Agency (IEA), Fatih Birol, said that the turmoil in the oil sector caused by the covid-19 pandemic gives governments the perfect opportunity to embrace green energy as a source of jobs that also serves climate goals. In an interview with Reuters, Birol said …