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Coal Use To Hit Record-High In 2024, World's Hottest Year
IEA's "Coal 2024" report predicts the world will hit peak coal in 2027 after topping 8.77 billion tonnes this year.
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India's Electricity Demand May Surge By 8% This Year: Report
With demand for electricity in India expected to surge by a massive 8% this year, the world's demand is rising at its fastest rate in years, driven by robust economic growth, intense heat waves and uptake of technologies that run on electricity.
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Major Oil Supply Surplus Likely By 2030, Says International Energy Agency
The world is likely to have a "major surplus" of oil by 2030 as production is ramped up while the clean energy transition tempers demand, the International Energy Agency said in an annual report published Wednesday.
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"International Energy Agency To Benefit When India Plays Bigger Role In It": PM Modi
Prime Minister Narendra Modi on Wednesday said India is the world's fastest-growing major economy and the International Energy Agency (IEA) will benefit from the talent, technology and innovation brought to the table by the country.
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COP28 Pledges Not Enough To Limit Warming To 1.5 Degrees: Energy Body
A raft of new pledges announced at the COP28 climate summit - from tripling renewables to reining in methane emissions - won't be enough on their own to limit global warming to 1.5 degrees Celsius, the International Energy Agency (IEA) said on Sunday
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India's Electricity Demand Just For ACs To Exceed Africa's Total Consumption
India's demand for electricity for running household air conditioners is estimated to expand nine-fold by 2050 and will exceed total power consumption in the whole of Africa today, the International Energy Agency (IEA) said today.
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Skyrocketing AC Demand- The Road To Achieving Sustainable Indoor Cooling
Air conditioning is responsible for the emission of approximately one billion metric tons of carbon dioxide per year, according to the International Energy Agency (IEA), out of a total of 37 billion emitted worldwide.
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India, China Bought 80% Of Russia's Oil In May: International Energy Body
India and China, the world's top oil users, continued to lap up heavily discounted Russian crude oil, buying as much as 80 per cent of the oil that Moscow exported in May, the International Energy Agency (IEA) said in a report.
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India To Soon Overtake China As Oil Demand Driver, Says Energy Body Chief
India will soon overtake China as the largest driver of global oil demand even as it has an opportunity to become a world leader in green hydrogen production, International Energy Agency (IEA) chief Fatih Birol said Wednesday.
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Smaller EV Prices to Drop in Coming Months as EV Sales Climb, IEA Says
Nearly one in five cars sold globally this year will be electric, with the prices of smaller EV models dropping to rival those of combustion engine cars in North America and Europe by the mid-2020s, the International Energy Agency (IEA) predicted on Wednesday. The agency raised its EV sales forecasts in part because of the US Inflation Reduction A...
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Ukraine War Drove Countries Towards Power Efficiency: Energy Body
Russia's invasion of Ukraine has driven countries across the world to boost energy efficiency, creating "huge potential" to tackle high prices, security and climate change, the IEA said on Friday.
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India To See Biggest Jump In Energy Demand Globally: Energy Body
India is likely to see the world's biggest rise in energy demand this decade, with demand climbing 3 per cent annually due to urbanisation and industrialisation, the International Energy Agency (IEA) said in its World Energy Outlook released on Thursday.
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Oil Dives 4%, Below $100 On China lockdowns, Reserves Release Plan
Oil prices fell about 4% on Monday, with Brent crude tumbling below $100 a barrel on worries that the COVID-19 pandemic will cut demand in China and as International Energy Agency (IEA) countries plan to release record volumes of oil from strategic stocks.
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IEA Confirms 120 Million Barrel Oil Release With U.S.
The International Energy Agency on Wednesday said its member countries had agreed to release 120 million barrels of oil, with the United States contributing half, in a bid to cool oil prices after Russia's invasion of Ukraine.
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India Says It Is Exploring Ways To Support IEA Members' Oil Release
India said it was examining ways to support decisions by the International Energy Agency (IEA) member countries to release crude from their national inventories to calm rising global prices.
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Coal Use To Hit Record-High In 2024, World's Hottest Year
IEA's "Coal 2024" report predicts the world will hit peak coal in 2027 after topping 8.77 billion tonnes this year.
-
India's Electricity Demand May Surge By 8% This Year: Report
With demand for electricity in India expected to surge by a massive 8% this year, the world's demand is rising at its fastest rate in years, driven by robust economic growth, intense heat waves and uptake of technologies that run on electricity.
-
Major Oil Supply Surplus Likely By 2030, Says International Energy Agency
The world is likely to have a "major surplus" of oil by 2030 as production is ramped up while the clean energy transition tempers demand, the International Energy Agency said in an annual report published Wednesday.
-
"International Energy Agency To Benefit When India Plays Bigger Role In It": PM Modi
Prime Minister Narendra Modi on Wednesday said India is the world's fastest-growing major economy and the International Energy Agency (IEA) will benefit from the talent, technology and innovation brought to the table by the country.
-
COP28 Pledges Not Enough To Limit Warming To 1.5 Degrees: Energy Body
A raft of new pledges announced at the COP28 climate summit - from tripling renewables to reining in methane emissions - won't be enough on their own to limit global warming to 1.5 degrees Celsius, the International Energy Agency (IEA) said on Sunday
-
India's Electricity Demand Just For ACs To Exceed Africa's Total Consumption
India's demand for electricity for running household air conditioners is estimated to expand nine-fold by 2050 and will exceed total power consumption in the whole of Africa today, the International Energy Agency (IEA) said today.
-
Skyrocketing AC Demand- The Road To Achieving Sustainable Indoor Cooling
Air conditioning is responsible for the emission of approximately one billion metric tons of carbon dioxide per year, according to the International Energy Agency (IEA), out of a total of 37 billion emitted worldwide.
-
India, China Bought 80% Of Russia's Oil In May: International Energy Body
India and China, the world's top oil users, continued to lap up heavily discounted Russian crude oil, buying as much as 80 per cent of the oil that Moscow exported in May, the International Energy Agency (IEA) said in a report.
-
India To Soon Overtake China As Oil Demand Driver, Says Energy Body Chief
India will soon overtake China as the largest driver of global oil demand even as it has an opportunity to become a world leader in green hydrogen production, International Energy Agency (IEA) chief Fatih Birol said Wednesday.
-
Smaller EV Prices to Drop in Coming Months as EV Sales Climb, IEA Says
Nearly one in five cars sold globally this year will be electric, with the prices of smaller EV models dropping to rival those of combustion engine cars in North America and Europe by the mid-2020s, the International Energy Agency (IEA) predicted on Wednesday. The agency raised its EV sales forecasts in part because of the US Inflation Reduction A...
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Ukraine War Drove Countries Towards Power Efficiency: Energy Body
Russia's invasion of Ukraine has driven countries across the world to boost energy efficiency, creating "huge potential" to tackle high prices, security and climate change, the IEA said on Friday.
-
India To See Biggest Jump In Energy Demand Globally: Energy Body
India is likely to see the world's biggest rise in energy demand this decade, with demand climbing 3 per cent annually due to urbanisation and industrialisation, the International Energy Agency (IEA) said in its World Energy Outlook released on Thursday.
-
Oil Dives 4%, Below $100 On China lockdowns, Reserves Release Plan
Oil prices fell about 4% on Monday, with Brent crude tumbling below $100 a barrel on worries that the COVID-19 pandemic will cut demand in China and as International Energy Agency (IEA) countries plan to release record volumes of oil from strategic stocks.
-
IEA Confirms 120 Million Barrel Oil Release With U.S.
The International Energy Agency on Wednesday said its member countries had agreed to release 120 million barrels of oil, with the United States contributing half, in a bid to cool oil prices after Russia's invasion of Ukraine.
-
India Says It Is Exploring Ways To Support IEA Members' Oil Release
India said it was examining ways to support decisions by the International Energy Agency (IEA) member countries to release crude from their national inventories to calm rising global prices.
