The International Energy Agency (IEA) has been in the news recently for its reports highlighting the uneven growth and challenges in the electric vehicle market, as well as its efforts to combat accusations of underestimating growth projections. Additionally, the IEA's findings on the significant methane emissions from fossil fuel production and the obstacles facing renewable energy, such as organized opposition and grid connectivity issues, have garnered attention.
Established in 1974 as an autonomous intergovernmental organization within the framework of the Organisation for Economic Co-operation and Development (OECD), the IEA is headquartered in Paris. It serves as a global energy policy advisor, working to ensure reliable, affordable, and clean energy for its member countries. The IEA conducts research, collects data, and provides analysis on energy markets, policies, and technologies to promote sustainable energy solutions and address pressing energy challenges on a global scale.
-
The IEA notes a very top-heavy market for electric vehicles, with uneven growth.
-
The agency is fighting a rear-guard action against GOP accusations that it's low-balling growth.
-
World’s fossil-fuel producers on track to nearly quadruple output from newly approved projects by decade’s end, report finds
-
Production and use of fossil fuels put more than 120 million metric tons of methane into the atmosphere last year.
-
New report finds renewable energy faces organised opposition and grid connectivity issues.
-
Robust demand from countries like India, which is showing "phenomenal economic growth," mean peak oil production is still a ways off.
-
Record-setting oil production in non-OPEC nations is forecasted to drive a new high of 103.5 million barrels per day by the second quarter of 2024.
-
Swiss company Meyer Burger may close its solar production plant in Germany due to oversupply, with a focus on ramping up production in the US.
-
Global renewable energy capacity grew by 50% in 2023, reaching 510GW, with solar power accounting for three-quarters of the new capacity.
-
Germany's carbon emissions hit a 70-year low in 2023, driven by a significant reduction in coal usage and a surge in renewable energy production.
-
The U.N. climate summit.
-
The UAE, as the host of Cop28, is facing criticism for its plans to expand fossil fuel production despite the urgent need to address the climate crisis.
-
The rise in popularity of SUVs has led to a significant increase in the average size and weight of cars, hindering efforts to reduce vehicle emissions.
-
The International Energy Agency predicts that global demand for oil, natural gas, and coal will peak before 2030 due to an accelerated transition to renewables.
-
Stalled investment in electrical grids is impeding the expansion of renewable energy, risking climate goals.
-
ExxonMobil's acquisition of Pioneer Natural Resources for $60 billion
-
Saudi Arabia reaffirms its decision to maintain a production cut of 1 million barrels of oil a day through the end of the year.
-
Renewable energy costs have plummeted, making the transition to clean energy cheaper and more feasible.
-
Global oil prices have surged to the highest level in more than 10 months amid predictions of shorter supplies.