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Emissions set to rise with global power demand
Global electricity demand over the next few years is set to slow after a record 2021 but will still result in higher carbon emissions without rapid gains in low-carbon supply and energy efficiency, the International Energy Agency (IEA) said on Friday.
read more... 17/01/2022
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Germany To Become Net Power Importer For The First Time Since 2002
Europe’s largest economy, Germany, is expected to become a net importer of electricity in 2023 for the first time since 2002 due to retiring coal plants and the nuclear phase-out, the International Energy Agency (IEA) said on Friday.
read more... 17/01/2022
Daily (15.12.2021): Oil prices extended losses on Tuesday amid Omicron variant outbreak, bearish oil demand forecast from IEA
Crude oil prices continued to lose ground for a second straight day on Tuesday. Apart from the ongoing Omicron virus concerns, the losses were attributed to fears of a global oversupply. Moreover, the International Energy Agency (IEA) lowered its forecast for oil demand this year and the next by 100,000 barrels per day each. Hence, Brent crude fell by 69 cents, or 0.9%, to settle at $73.70. U.S. WTI crude settled down 56 cents, or 0.8%, at $70.73 a barrel.
read more... 15/12/2021
Renewable electric growth on course to accelerate significantly
The International Energy Agency (IEA) has reported that the growth of renewable electricity derived from solar panels, wind turbines, and other renewable technologies is on course to accelerate over the coming years.
read more... 02/12/2021
EU launches €2 billion industrial partnership on clean hydrogen
As the EU launched its €2 billion partnership with industry to accelerate research and development in green hydrogen, the head of International Energy Agency (IEA) warned an early start may not work in Europe’s favour.
read more... 01/12/2021