Tag: International Energy Agency
Fossil-fuel consumption subsidies are down, but not out – IEA
Phasing out subsidies means a better allocation of resources across the energy system By Toshiyuki Shirai and Zakia Adam, International Energy Agency Getting energy prices right is critical for sound policymaking. But because of government energy subsidies prices that consumers pay in many countries are often well below their real market value, let alone the price that would […]
Global coal demand to remain flat to 2022, resulting in a decade of stagnation
Urgent action needed to support Carbon Capture, Utilisation and Storage (CCUS) technologies for coal power plants Global demand for coal should remain nearly flat between 2017 and 2022, resulting in a decade of stagnation for coal consumption, according to the International Energy Agency’s annual coal market report. Global coal consumption fell 1.9% to 5,357 million tonnes […]
More GDP with less energy: Canada’s declining ‘energy intensity’
Energy efficiency has been improving for the past decade, but Canada has been slow to keep up The International Energy Agency reports that energy intensity, the energy used to generate a unit of gross domestic product, fell by 1.8 per cent in 2016. According to recent data from the National Energy Board, Canada is also becoming […]
The intellectual bankruptcy of supply-side environmentalism
Is it time to switch to demand-side environmentalism, focus more on developing technologies to displace oil? Thanks, TransCanada. A 5,000 barrel leak of crude oil in South Dakota has the usual outrage machine – the Bill McKibbens and Greenpeaces of the world – demanding the project be scrapped. Which raises an interesting question: has pipeline […]
Electricity investments surpass oil, gas for the first time ever: IEA
2016 Electricity investments down overall, but still higher than oil and gas A report by the International Energy Agency shows that for the first time ever last year, electricity investments outpaced those in oil and gas on increased backing of renewable energy and power grid projects. According to the IEA, total energy investment dropped for […]
Global electric vehicles (EVs) sales nothing to get excited about just yet
IEA report shows EVs global sales and market share rising quickly but still only around 1% The global electric car (EVs) fleet rose to two million in 2016, according to the Global EV Outlook 2017 from the International Energy Agency. The most important news from the IEA is that the electrification of transportation continues at a slow but steady […]
Opinion: Untapped potential of energy efficiency- IEA
In 2015, global energy intensity improved 1.8%, 3x annual average of last decade By Noé van Hulst, Ambassador of The Netherlands at the OECD and Chairman of the IEA Governing Board What is the world’s single most important fuel? (Hint: it is also the energy resource that all countries have in abundance.) The answer to this […]
After 2020, oil supply lags behind demand unless new investments approved soon
IEA: Oil supply from US, Canada, Brazil expected to grow for next three years On Monday, the International Energy Agency reported that global oil supply could struggle to keep pace with demand after 2020, which could mean sharp increases in prices, unless new projects are approved soon. In its latest five-year oil market forecast, the IEA […]
Oil glut to ease by 2017, clean energy investment to rise – IEA
Oil glut should gradually ease in 2016 H2 SEOUL, Sept 1 (Reuters) – The International Energy Agency (IEA) expects oil markets to reach a balance between supply and demand in 2017 as the current oil glut slowly eases, IEA chief Fatih Birol said during meetings in South Korea. The head of the Paris-based agency also […]
Huge oil stocks overhang threatens price recovery – IEA
Oil demand robust, but not enough to ease oil stocks glut By Dmitry Zhdannikov LONDON, July 13 (Reuters) – The global glut in oil is refusing to ease and acts as a major dampener on crude prices despite robust demand growth and steep declines in non-OPEC production, the International Energy Agency said on Wednesday. The […]
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