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Wind to be EU's largest power source well before 2030
Wind energy is set to overtake coal, nuclear and gas to become the EU’s largest power source well before 2030, WindEurope quoted the International Energy Agency's (IEA) World Energy Outlook Report on Tuesday.
read more... 14/11/2018
Daily (25.10.2018): European carbon contracts gained 2% on Wednesday, rebounding from previous losses
The IEA forecasted slower growth in demand for the next year due to geopolitical risks and weaker economy, and thus, Brent crude price edged 0.4% lower at $76.17 a barrel. However, WTI crude price rose by 0.6% to $66.82 a barrel, as U.S. stocks posted the biggest daily decline since 2011.
read more... 25/10/2018
IEA warns of challenges from Swiss nuclear phase-out
Switzerland's phased withdrawal from nuclear power presents challenges for maintaining its electricity security, the International Energy Agency (IEA) says in the report “Energy Policies of IEA Countries: Switzerland 2018 Review”.
read more... 10/10/2018
Investment in new nuclear declines to five-year low
Global energy investment fell for the third consecutive year in 2017, according to the International Energy Agency (IEA). Investment in nuclear power declined by nearly 45% last year to USD17 billion. Although spending on new reactors reached the lowest level in five years, investment on upgrades of existing units increased.
read more... 19/07/2018
Global carbon emissions reached a record level in 2017
The global energy demand increased by 2.1% last year, leading to a hike in carbon emissions for the first time since 2014, according to IEA. The statistics show that CO2 level jumped more than twice compared to 2016.
read more... 23/03/2018