Cheaper, changing and crucial: the rise of solar power

Generating power from sunlight bouncing off the ground, working at night, even helping to grow strawberries: solar panel technology is evolving fast as costs plummet for a key segment of the world’s energy transition.

Oil demand rises as gas prices surge: IEA

Global oil demand will rise more than previously forecast this year as heatwaves and soaring gas prices are prompting countries to switch fuels for power generation, the International Energy Agency said Thursday.

Russian isolation won’t spark ‘acute’ oil supply crunch: IEA

Russia’s growing isolation will not create an “acute” global oil supply crunch as production from other countries is rising and demand from China is falling, the International Energy Agency said Thursday. The IEA, which has previously warned that Moscow’s invasion of Ukraine could spark a global supply “shock”, said EU and G7 plans to ban […]

‘Small actions’ can help reduce reliance on Russian energy: IEA

  Adjusting the heating and working more from home are just some of the “small actions” that can reduce Europe’s reliance on Russia, the International Energy Agency and the European Commission said Thursday. The European Union is scrambling to find alternatives to Russian energy after Moscow’s invasion of Ukraine since Russia currently supplies 40 percent […]

IEA lowers world oil demand outlook on China lockdowns

Global oil demand will be slightly lower than forecast this year in the wake of strict Covid lockdowns in China, the world’s biggest importer of crude, the International Energy Agency said Wednesday. Russian oil supply, meanwhile, is expected to continue to fall in April by 1.5 million barrels per day amid its invasion of Ukraine, […]

IEA approves third term for chief pushing clean energy

The International Energy Agency approved a third term for executive director Fatih Birol as the organisation seeks a faster transition to clean energy, it said Friday. The Turkish economist, who has been in the role since September 2015, will serve for another four years from September 2023. His mandate, approved unanimously by the Paris-based agency’s […]

IEA fears global oil supply ‘shock’ over Russia sanctions

The world could face its biggest oil supply “shock” in decades as major crude exporter Russia is hit by sanctions over its invasion of Ukraine, the International Energy Agency warned Wednesday. The Paris-based agency, which advises developed countries on energy policy, lowered its forecast for international oil demand for 2022, saying surging commodity prices and […]

CO2 emissions from energy sector rise by record 2B ton in 2021: IEA

Global energy-related carbon dioxide emissions rose by six percent in 2021 to a record 36.3 billion tonnes, their highest ever level, the International Energy Agency said Tuesday. “The increase in global CO2 emissions of over 2 billion tonnes was the largest in history in absolute terms, more than offsetting the previous year’s pandemic-induced decline,” it […]