Global energy efficiency progress is recovering – but not quickly enough to meet climate goals – IEA

zhang-kaiyv-Ckgyk1iIZx8-unsplash-scaled.jpg

A rapid expansion of technologies and solutions that drive more efficient use of energy across the economy is necessary to keep global climate pledges within reach, according to an International Energy Agency (IEA) report, which urges governments to take the lead in mobilising the required increase in investment. Global progress on energy efficiency has recovered […]

Read more

U.S., China and India missing from the 28 country-alliance’s pledge to root out coal

Twenty-eight countries have joined an international alliance dedicated to phasing out coal, but the world’s biggest polluters are not among them. The new members of the Powering Past Coal Alliance (PPCA), which include Ukraine, Poland and Singapore, bring the total number of national governments involved to fortyeight. However, China, India and the United States, the […]

Read more

International Energy Association invites India to become full-time member: Oil Minister Puri

International Energy Agency (IEA) has invited India, the world’s third-largest energy consumer, to become its full-time member, India’s oil Minister Hardeep Singh Puri said after online discussions with IEA Executive Director Fatih Birol. If India accepts the invitation, New Delhi will be required to raise its strategic oil reserves to 90 days stock. India’s current […]

Read more

IEA warns of another oil price war soon

The oil market has been on edge for a while now, entertaining the possibility of a new price war within the OPEC+ alliance, the International Energy Agency (IEA) said, adding that the current impasse is also threatening to derail the global economic recovery. In June, global oil demand is estimated to have jumped by as […]

Read more

Growth of hydropower plants worldwide set to slow significantly this decade, says IEA

prateek-srivastava-BTSBVZd9jWo-unsplash-scaled.jpg

The growth of hydropower plants worldwide is set to slow significantly this decade, putting at risk the ambitions of countries across the globe to reach net-zero emissions while ensuring reliable and affordable energy supplies for their citizens, according to a new report by the International Energy Agency (IEA). Global hydropower capacity is expected to increase […]

Read more